Stablecoin Bill Achieves Important Vote, Moves Forward in US Senate
US Senate Advances Stablecoin Legislation The US Senate moved forward on the US stable acts, or the national innovation for genius law, with a significant 68-30 vote, just over a month after its introduction. On Wednesday, Senate Majority Leader John Thune took to the floor, emphasizing the need for Congress to revisit many of the […]
Stablecoin legislation advances in Senate, moving closer to a final vote
Senate Advances Legislation for Stable Payment Coins The Senate has taken a significant step, voting to advance a bill aimed at creating a regulatory framework for stable payment coins. This brings the cryptocurrency legislation closer to a final vote. Seventeen Democrats joined nearly all Republicans in a vote to end debate on the revised version […]
Senate makes significant progress on stablecoin legislation
The Senate is gearing up for a significant procedural vote on the Stubcoin Act this Wednesday, clearing its way to the cryptography sector after several contentious amendments almost derailed it. Senate Majority Leader John Thune (R-S.D.) wrapped up the debate on Monday with updated versions of the Genius Act, which had faced criticism as part […]
Societe Generale Introduces Dollar-Pegged Stablecoin in a Industry First
France’s Société Générale is set to launch a stablecoin through its digital asset branch, SG-Forge, called USD Coinververible (USDCV). This announcement, made on June 10, reveals that USDCV will operate on the Ethereum and Solana blockchains, with the Bank of New York Mellon as a custodian for the asset. With this introduction, Société Générale will […]
Tether USDT stablecoin observed on price tags in Bolivian stores
Paolo Ardoino, the CEO of Tether, recently posted pictures showcasing products available for purchase in Bolivian airport stores using USDT, the stablecoin. This hints at an uptick in the informal usage of cryptocurrency in light of the current state of Bolivia’s economy. In a Saturday post, Ardoino displayed items priced in Bolivian USDT, including sunglasses […]
Bitcoin reserves and stablecoin rules are major market drivers for 2025, according to a venture capitalist.
According to Alice Li, head of Foresight Ventures, a crypto venture capital firm, there’s potential for Bitcoin to exceed $150,000 in this market cycle, particularly with clearer regulations in the US. Speaking on Cointelegraph’s Chain Reaction show on June 3, Li highlighted that the anticipated bullish trend in the crypto market for 2025 is largely […]
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. […]