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 […]
PayPal plans to introduce a USD stablecoin on Stellar.
PayPal Plans New Stablecoin on Stellar Network PayPal has announced its intention to seek regulatory approval from the New York State Department of Financial Services for the launch of PYUSD, a USD stablecoin designed to operate on the Stellar Network. The goal of this initiative is to make use of the network’s characteristics like fast […]
Democrats Raise Concerns About Meta’s Stablecoin Proposal Before Important Senate Vote
Senate Democrats Query Meta on Stablecoin Plans Senate Democrats Elizabeth Warren and Richard Blumenthal are reaching out to Meta to clarify its intentions about its stablecoin initiative. In a letter addressed to the social media company formerly known as Facebook, they asked the company to elaborate on its stablecoin plans. They cited prior concerns about […]
Stablecoin Bill Supported by Crypto Industry Moves Forward in US Senate
Senate Moves Forward on Cryptocurrency Legislation The Senate has taken steps to advance a bipartisan legislative proposal supporting the crypto industry, backed by President Donald Trump, with the final passage expected next week. Senate leaders are likely to incorporate provisions aimed at fostering competition for credit card processing, particularly against Mastercard Inc., while also addressing […]
Circle Stock Rises as USDC Stablecoin Expands to Sam Altman’s World Chain
Simply put Circle’s stock has surged by over 10% today as the Stablecoin expands its operations to a global chain. The company’s value is currently about four times its IPO price, sitting at roughly $28.34 billion. USDC is now natively supported on a total of 21 blockchains. Circle, the major player in the Stablecoin market, […]