Neobank Revolut Is Actively Considering the Launch of Its Own Stablecoin, According to Sources.
Simply put Revolut is looking into the possibility of creating its own Stablecoin, according to a source. The neobank serves around 55 million retail and 500,000 business customers across 160 countries. As new, encryption-friendly laws move through Congress in the US, other major firms are also exploring stablecoins. Revolut, one of the largest neobanks globally, […]
Coinbase and Circle stocks rise with new stablecoin legislation
Coinbase and Circle saw their stock prices rise significantly on Wednesday after U.S. lawmakers expressed support for clearer regulations on stablecoins by advancing the Genius Act for home approval. On that day, Coinbase (Coin) listed on Nasdaq closed up by 16.32%, reaching $295.29, while Circle (CRCL), traded on the NYSE, rose 33.82% to $199.59, according […]
Trump urges quick action on stablecoin legislation: ‘Get it to my desk, ASAP’
Trump Pushes for Swift Passage of National Innovation and Stablecoin Law U.S. President Donald Trump has called on the House of Representatives to quickly pass the national innovation and stablecoin law, urging swift action to get it signed into law. “The Senate has passed an incredible bill that will position America as a leader in […]
Senate approves GENIUS stablecoin legislation, marking a significant victory for the crypto industry.
The Genius Act Passes in the Senate The Senate approved the Genius Act on Tuesday, marking a significant step in regulating the issuance of digital currencies in the United States. This new legislation sets the first federal guidelines around what are called “stubcoins,” which are tied to the US dollar and permits private firms to […]
Senate-Approved Stablecoin Legislation Aiming to Achieve Trump’s Goal of Making America the Global ‘Cryptocurrency Capital’
Senate Stablecoin Bill Aims to Establish U.S. as Crypto Leader Senate Banking Committee Chairman Tim Scott (R-SC) recently shared his thoughts with Breitbart News, emphasizing that the stablecoin bill is crucial for fulfilling President Trump’s vision of making America the “world’s cryptocurrency capital.” Scott’s remarks come after the Senate approved a bill aimed at creating […]
Senate approves stablecoin legislation, marking a significant moment for the cryptocurrency sector
Senate Approves Stablecoin Legislation On Tuesday, the Senate passed a significant bill aimed at creating a regulatory framework for stablecoins—cryptocurrency tokens pegged to the US dollar—during a pivotal moment for the digital asset industry. The legislation, known as the Genius Act, received support from both parties, with several Democrats joining the majority of Republicans to […]
Senate approves stablecoin regulations in significant crypto development
On Tuesday, the Senate approved a significant piece of legislation aimed at providing a regulatory framework for payment stability in the cryptocurrency sector. Lawmakers voted 68-30 in favor of the Genius Act, which aims to set rules for dollar-backed cryptocurrencies. This marks a notable achievement, as it’s the first time a major crypto-related bill has […]
Ubyx, a startup for stablecoin clearing, secures $10M in funding supported by Galaxy, Coinbase, and others.
Ubyx Secures $10 Million for Global Stablecoin Clearing System A startup named Ubyx, started by ex-Sit Group executive Tony McLaughlin, has successfully raised $10 million to develop a worldwide clearing system for stablecoins, which aims to enhance the usage within the sector. This funding round was led by Galaxy Ventures and includes investment from Coinbase […]
Senate Ready to Approve Stablecoin Legislation to Strengthen American Financial Leadership
Senate Approaches Legislation for Stablecoin Regulation The Senate is on the verge of passing a bill that provides a solid regulatory framework for stablecoin. Supporters, like Senator Bill Hagerty (R-TN), argue that this law will benefit American consumers and maintain the country’s “fiscal control.” Recently, the Senate held a vote to progress the US Stablecoins […]
Senate takes steps to move forward with stablecoin legislation
Senate Advances Stablecoin Legislation The Senate took a significant step on Thursday by voting to end debate on the Stablecoin bill, setting the stage for a final vote on the proposed regulations surrounding dollar-backed cryptocurrencies. In a move reminiscent of earlier votes concerning the Genius Act, most Democrats joined with Republicans to push towards a […]