GENIUS Act

Ripple's (CRYPTO: XRP) bid for a U.S. national banking license has been described by industry experts as a potential turning point for the company and the broader stablecoin ecosystem, as it positions Ripple to issue and move stablecoins under federal oversight without reliance on traditional banks...

Circle Internet Group Holdings, Inc. (NASDAQ:CRCL) shares are moving higher Tuesday after the company applied for a national bank charter in a move that could have significant upside for the stock.  Some of the benefits for Circle would include alignment with new federal regulatory...

President Donald Trump's crypto and AI advisor, David Sacks, praised on Thursday the Senate’s timeline and plan for crypto legislation that proposes dividing oversight of digital assets between market regulators. What Happened: In an X post, Sacks thanked ...

The past week in the world of finance and technology was nothing short of exciting. From the backing of a crypto-friendly startup bank by big names in tech to the stunning surge of Circle’s stock, there was no shortage of intriguing developments. Here’s a quick recap of the top stories...

Analysts are pointing out that the GENIUS Act, which was passed in the Senate on Tuesday, could increase the competition for the large payment networks like Visa Inc. (NYSE:V) and Mastercard Inc. (NYSE:MA). What Happened: The act establishes a regulatory framework for dollar-pegged cryptocurrencies...

Economist and market commentator Peter Schiff raised doubts about the potential of stablecoins to uphold the U.S. dollar’s dominance on Wednesday, stating that their primary use would be in cryptocurrency trading. What Happened: Schiff took to X, disputing the widely touted role of...

President Donald Trump lauded the Senate’s passing of the stablecoin legislation Wednesday, urging Congress to get it to his desk without delays. What Happened: In a Truth social post, Trump said that the “incredible” GENIUS Act would position the U.S. as the “undisputed...

A new protocol aims to redefine stablecoins as programmable assets for AI agents, much like the U.S. government establishes dollar-based rules. In the same week that the Senate passed the GENIUS Act to regulate fiat-backed stablecoins, MAITRIX, a decentralized finance protocol focused on AI-...

The U.S. Senate's passage of the GENIUS Act marks a watershed moment for stablecoins, offering long-awaited regulatory clarity that could unlock trillions in institutional capital. Industry leaders hailed the bipartisan vote as a breakthrough for financial innovation, with fintechs and banks now...

In a significant development, the Senate passed the GENIUS Act on Tuesday, a bill establishing the country’s first regulatory framework for dollar-pegged stablecoins.  Prominent names tied to the cryptocurrency industry soon took to social media to celebrate the passage. What happened:...

A former Bank of England economist is raising red flags over the growing role of stablecoins in the U.S. financial system, with major implications for banks, as well as the U.S. Dollar. What Happened: In a recent episode of The Big View by Reuters, Dan Davies, an ex-BoE regulatory economist and...

Digital assets are displaying resilience amid geopolitical volatility, posting $1.9 billion in net inflows for the week ending June 14, according to Coinshares. This surge brings cumulative year-to-date inflows to $13.2 billion, setting a new annual record for the sector. "Digital assets remained...

Stablecoins are poised to become the default digital cash for the Internet. According to a Bernstein research note published Monday, the proposed Stablecoin GENIUS Act could establish the United States as the global epicenter of stablecoins. The legislation, officially named the Guiding and...

A more favorable regulatory outlook in the U.S. is prompting a wave of crypto companies to pursue public listings and attracting increased venture capital activity, according to a recent research note from JPMorgan (NYSE:JPM). Analysts led by Nikolaos Panigirtzoglou pointed to the Senate's progress...

Leading retailers, Walmart Inc. (NYSE:WMT) and Amazon.com Inc. (NASDAQ:AMZN), are reportedly exploring the possibility of issuing their own stablecoins, a move that could potentially shake up the traditional financial landscape. What Happened: Walmart, Amazon, and other major...