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 […]
Main Senate Democrat supports stablecoin legislation
Senator Supports Stablecoin Regulatory Framework On Monday, a Senator from Virginia pushed for the establishment of a stable regulatory framework for payments as Senate leaders prepare to revisit the bill. This comes just ahead of a procedural vote scheduled for Monday evening on the Genius Act, which has garnered support from several Democratic leaders. “The […]
Lummis thinks senators have agreed on a stablecoin bill and anticipates voting next week.
Senator Cynthia Lumith (R-Wyo.) announced on Thursday that she believes an agreement on the “final language” of the stable law in the Senate has been reached, with hopes of bringing the bill to the floor next week. “It was quite a marathon this week, but I think we have the final wording,” she told Hill. […]
Tether on Solid Ground? Yes, With This New Stablecoin Bill from the Republican-Led Senate
It seems this version was first uncovered here, which might pose challenges for the Defi Facilitator. Posted on May 9, 2025, at 6:18 PM. For nearly ten years, Tether, the largest stablecoin issuer globally, has been operating in a largely unregulated space, facing scrutiny over incomplete reserves and various rumors. Now, it appears Senate Republicans […]
Crypto sector disregards unsuccessful stablecoin voting results
The crypto sector is not viewing a failed vote on a stability committee bill in the Senate as the end. They remain optimistic about recent progress in the legislative landscape. On Thursday, Democrats halted the Senate’s movement on the proposed legislation. The bill received a vote of 48-49, falling short of the 60 votes required […]