Circle Sets IPO Price at $31 per Share, Valuing Stablecoin Company at $6.9 Billion
Circle’s IPO Surpasses Expectations Circle announced its initial public offering (IPO) price at $31 per share on Wednesday, exceeding the anticipated range of $24 to $26. The company is making available approximately 34 million shares, leading to an estimated valuation of about $1.1 billion. It is reported that the total raised from the IPO is […]
Major Banks in the U.S. Explore Joining Forces to Compete in the $245B Stablecoin Market
Simply put Major U.S. banks, such as JPMorgan and Bank of America, are looking into shared Stablecoin initiatives. This interest aligns with upcoming federal regulations, particularly the Genius Act, which is designed to set standards for issuing and monitoring Stablecoins. The effort aims to help banks compete with established crypto companies like Circle and Tether. […]
David Sacks, the White House crypto advisor, claims that the stablecoin legislation will free up ‘trillions’ for the U.S. Treasury.
Trump’s Advisor Discusses Crypto Legislation During an event at the White House on March 7, 2025, President Trump was seen with his top advisor on cryptocurrency and AI, David Sachs. Sachs expressed optimism regarding upcoming legislation aimed at cryptocurrency, suggesting that it could earn vital bipartisan support in the Senate. He believes this would, in […]
What comes next for the Senate stablecoin legislation?
Stubcoin Act Advances in Senate with Ongoing Challenges Ahead The Stubcoin Act took its first steps in the Senate on Monday, signaling an initial victory for the cryptocurrency sector. However, the bill is likely to undergo a lengthy amendment period that could extend beyond the upcoming Congressional Anniversary Break before any final vote takes place. […]
Aave Rises After Stablecoin Legislation Passes Important Test in US Congress
Simply put Aave’s tokens jumped by 20% as the Genius Act gained momentum in Congress. Recent data shows protocols facilitating significant stablecoin lending and borrowing have surpassed a total of $250 billion locked. Aave’s value has increased by over 90% in the past month, outpacing major alternative coins and the overall crypto market. The native […]
Senate Moves Forward with Stablecoin Legislation, Setting the Stage for Final Approval
Senate Advances Stablecoin Act On Monday night, the US Senate voted to proceed with the Stablecoin Act, effectively overcoming the procedural hurdle that would allow full consideration of the bill. Senators achieved the necessary 60-vote threshold quite comfortably. This step is designed to usher the law into a more extensive discussion phase prior to a […]
US Senate advances GENIUS stablecoin legislation
US Senate Advances Stablecoin Regulation Bill Update (May 20, 3:17am UTC): The following article includes updated statements from Senators concerning the Genius Act. The US Senate has voted to move forward with a significant stablecoin regulation measure after prior attempts to advance it were blocked by a Democratic senator, who raised concerns about President Donald […]
Stablecoin bill passes initial Senate vote, benefiting the crypto sector
Senate Advances Legislation for Stablecoin Regulation The Senate made progress on a significant piece of legislation aimed at establishing a regulatory framework for stablecoins on Monday night, edging closer to final approval of a major crypto bill. Sixteen Democrats joined almost all Republicans, except for two, to conclude the debate regarding the Genius Act. This […]
Senate Democrats Prepare to Oppose Stablecoin Bill That Many Believe Will Pass
Senate Democrats Divided Over Stablecoin Regulation Bill A significant disagreement has arisen among Senate Democrats as they approach a crucial vote regarding the regulation of stablecoin issuers. Most expect the bill to pass a vital procedural vote on Monday night, yet there’s noticeable division within the party. Senator Elizabeth Warren, who is vocal about her […]
Warren cautions about stablecoin legislation before the vote on the floor.
Senator Elizabeth Warren (D-Mass.) is urging her fellow lawmakers to support the revised Stablecoin legislation, expressing concerns that critical issues regarding President Trump’s ties to the cryptocurrency market remain unaddressed, which she believes could leave both financial markets and consumers at risk. The Genius Act, intended to establish a regulatory framework for financial stability, is […]