Trump approves stablecoin legislation as the cryptocurrency sector seeks wider acceptance.
Trump Signs Law to Regulate Cryptocurrency WASHINGTON – President Donald Trump signed legislation on Friday establishing a regulatory framework for cryptocurrencies, specifically targeting Stablecoins. The bill, named the Genius Act, received bipartisan support in the House of Representatives, passing with 308 votes to 122. This included backing from nearly half of the Democrats and a […]
Trump enacts stablecoin legislation in a significant moment for cryptocurrency
Trump Signs Major Cryptocurrency Bill On Friday, President Trump signed a significant piece of legislation regarding cryptocurrency, marking an important development for the industry, which has found reliable support in his administration. He hailed the bill, stating it sets up a regulatory framework for digital tokens backed by the dollar, known as Stablecoins, and described […]
Cryptocurrency Market Reaches $4 Trillion as Stablecoin Legislation Advances
Crypto Market Surges Past $4 Trillion The overall market value of cryptocurrencies has soared beyond $4 trillion, driven by an increase in altcoin activities and growing momentum stemming from U.S. legislative efforts to regulate the industry. Traders in the options market are reportedly upping their stakes, anticipating even higher prices in the near future. Fadi […]
Stablecoin legislation passes House following GOP opposition, moves to Trump’s desk
On Thursday, the House of Representatives established a regulatory framework for stable payment coins, leading to the passage of cryptocurrency bills that are now headed to President Trump’s desk—a significant win for the industry. Lawmakers voted 308-122 in favor of the Genius Act after what was described as a tumultuous “crypto week” at the Chamber […]
CZ discusses speculation connecting Coinbase to the Trump stablecoin report from Bloomberg
Binance’s Zhao Accuses Coinbase of Manipulation Changpeng “CZ” Zhao, the co-founder and former CEO of Binance, recently shared a tweet suggesting that Coinbase may be the “anonymous” source behind the allegations involving Trump’s crypto initiative, World Liberty Financial, as well as a Bloomberg report focused on Binance. In a post on X, crypto analyst Matt […]
Ant, supported by Jack Ma, will include Circle’s stablecoin in its global network.
Ant International Collaborates with Circle on Stubcoin Jack Mass Ali Group Company is reportedly partnering with Circle Internet Group Inc. to integrate a stubcoin into the blockchain system of a Chinese fintech firm, according to sources familiar with the matter. Insiders noted that Ant International, the global arm of the company, aims to incorporate Circle’s […]
Monad Foundation takes over stablecoin infrastructure project Portal.
Monad Foundation Acquires Portal The Monad Foundation has taken over Portal, a company focused on Stablecoin infrastructure. I had a chance to talk with the team about this development. While Portal will still function independently, it will utilize Monad’s technology to enhance its services. Raj Parekh, the founder of Portal, will transition to the role […]
BNY Mellon will manage Ripple’s new stablecoin as interest in cryptocurrency among institutions grows.
BNY Mellon Partners with Ripple for Stablecoin Reserves In an announcement made on Wednesday, BNY Mellon stated that it will be the primary custodian of Ripple’s USD-backed Stablecoin reserves. This collaboration aims to enhance regulatory compliance with Ripple USD (RLUSD), particularly to boost institutional confidence in both the company and the burgeoning Stablecoin sector. BNY […]
Amundi cautions that US stablecoin regulations might disrupt the global payments system.
Concerns About Dollarization Impact on Global Finance In London, Europe’s largest asset manager is raising alarms regarding the surge in dollar support, which is linked to the recently passed US Genius Act. This law has the potential to result in significant changes in financial flows, possibly shaking up the global payment system. Last month, the […]
New Stablecoin Regulations in Hong Kong Could Challenge US Dollar Control and Discourage Major Competitors
Simply put The upcoming regulations will be implemented in August, necessitating a Stablecoin issuer license to operate in the city. Treasury Secretary Paul Chang has raised concerns that stubcoins might undermine local currency and trade. Analysts suggest that high capital and reserve requirements could impede global players like Circle and Tether from entering the market. […]