Senate vote on stablecoin’s outcome unclear as important Democrats withdraw
The Senate is gearing up for an important vote on a significant crypto-regulation bill, known as the Genius Act, this Thursday. To proceed to the final vote, the bill needs 60 votes to clear the procedural hurdle. The intention behind the Genius Act is to establish a regulatory framework for digital assets tied to Stablecoins […]
Stablecoins to hit $2 trillion in the next three years and spur demand for Treasurys, says Standard Chartered – CNBC
According to analysts at Standard Chartered, Stablecoin’s law could potentially spur demand for the US Treasury and drive an explosion in the supply of cryptocurrency that will help support the control of the US dollar. If President Donald Trump clarifies and signs US regulations this summer, if bank London-based analyst President Donald Trump states in […]
President Trump Signs Executive Order To ‘Evaluate’ Strategic Bitcoin and Crypto Reserve, Ban Central Bank Digital Currency, Boost Stablecoins – The Daily Hodl
President Trump just signed an executive order recognizing the creation of the National Strategic Reserve of Bitcoin and cryptocurrencies and blocking the development of central bank digital currencies (CBDCs) while promoting the adoption of stablecoins. The order, titled “Strengthening U.S. Leadership in Digital Financial Technology,” states that the government supports the “responsible growth” and use […]
Robinhood and Revolut Neither Confirm Nor Deny Report of Stablecoins – PYMNTS.com
robinhood market and Revolute reportedly non-committal When asked about media reports that he is considering launching a stablecoin. Asked about the Bloomberg report, a Robinhood spokesperson said the company has “no imminent plans to launch this service.”,” meanwhile According to Bloomberg, a Revolut spokesperson said the company plans to “further grow” its suite of cryptocurrency […]