GENIUS Act

Senators Slam Stablecoin Bill Failure Over Partisan Politics

Senators Slam Stablecoin Bill Failure Over Partisan Politics

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On a negative development for the US crypto industry, the highly anticipated stablecoins legislation has failed to advance in the US Senate after not receiving enough support from Senate Democrats. Several Republican senators have slammed the Democratic lawmakers for putting “partisan politics […]

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Scott Bessent Slams 48-49 Senate Snub – Will GENIUS Act Failure Cost U.S. Crypto Crown?

Scott Bessent Slams 48-49 Senate Snub – Will GENIUS Act Failure Cost U.S. Crypto Crown?

Key Takeaways: Stablecoin regulation remains fractured following Senate rejection. Treasury Secretary warns that U.S. crypto dominance is at risk without the GENIUS Act. Democrats sank the bill over AML and national security concerns. A controversial 48-49 Senate vote on Thursday to reject the GENIUS Act has sparked an immediate backlash from U.S. Treasury Secretary Scott

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Coinbase CEO Demands Swift Stablecoin Laws as 0B Threatens to Exit U.S.

Coinbase CEO Demands Swift Stablecoin Laws as $240B Threatens to Exit U.S.

Key Takeaways: Federal stablecoin legislation could unlock $240 billion in institutional capital. Without clear rules, the U.S. risks losing its stablecoin dominance to offshore issuers. Regulatory delays push crypto innovation to friendlier jurisdictions. On May 6, Coinbase chief executive Brian Armstrong urged Congress to move stablecoin and broader crypto market rules across the finish line

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Senator Rips GENIUS Act, Alleges Trump Cashing In On USD1 Coin

Senator Rips GENIUS Act, Alleges Trump Cashing In On USD1 Coin

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure United States Sen. Elizabeth Warren is urging Congress to reject the GENIUS Act, a bill that would potentially pave the way for what she terms “crypto corruption.” The bill – the Guiding and Establishing National Innovation for US Stablecoins Act – has

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Crypto Bill Backlash: Senators Warn Stablecoin Act Isn’t Safe

Crypto Bill Backlash: Senators Warn Stablecoin Act Isn’t Safe

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure What began as a promising effort to apply transparent rules to crypto and stablecoins has run into a serious roadblock. On May 4, 2025, ten US Senators came out swinging against the revised version of the “GENIUS Act,” stating that it might

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SEC Ends PayPal Stablecoin Probe With No Enforcement Action

SEC Ends PayPal Stablecoin Probe With No Enforcement Action

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Securities and Exchange Commission (SEC) has concluded its 16-month-long investigation into PayPal’s USD stablecoin (PYUSD) as related regulation gains momentum in Congress and the financial watchdog loosens its grip on the crypto industry. SEC Drops PayPal’s Stablecoin Investigation PayPal has revealed

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