Altcoin Sei Rises 47% After Wyoming Stablecoin Nomination
SEI Altcoin Sees Remarkable Surge The altcoin SEI has emerged as a standout performer among cryptocurrencies today, experiencing a significant jump of 46.5% in just the last 24 hours, trading at around $0.2855, according to Coingecko. This upward trend is a continuation of the momentum that began earlier in the week, with SEI boasting an […]
As Stablecoin Legislation Moves to the House, Senate Focuses on Market Structure
Senate Discusses Future of Digital Asset Regulations About a week after the US Senate approved the Genius Act aimed at managing payment stability, discussions are underway regarding the framework for the digital asset market structure. On Tuesday, members of the Senate Banking Committee’s Digital Assets Subcommittee listened to insights from legal representatives of Coinbase and […]
Katie Haun’s battle for digital dollars as a stablecoin supporter
Haun’s Journey and the Rise of Stablecoins Back in 2018, when Bitcoin was hovering around $4,000 and many Americans viewed cryptocurrency as just a passing fad, Katie Haun found herself on stage in Mexico City. She was debating with Paul Krugman, a Nobel laureate who dismissed digital assets as almost trivial. While Krugman highlighted the […]
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 […]