The Senate approved the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in a 51-23 vote on June 17, sending the measure to the House for consideration. The vote followed a 68-30 cloture decision on June 11 that cut off debate and started the mandatory 30-hour countdown to the final roll call. Senator […]
US Senate approves landmark GENIUS Act for stablecoin regulation Read More »
Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to the president. In an X post, he pointed to research projecting a $3.7 trillion stablecoin market by 2030 and argued that
Thailand has announced a significant tax reform to position itself as a leading crypto-friendly nation. On June 17, the country’s Cabinet approved a five-year personal tax exemption on profits from selling digital assets, including Bitcoin. The measure takes effect from January 2025 and will run until December 2029. Deputy Finance Minister Julapun Amornvivat explained on
Thailand crypto tax reform exempts digital asset profits for five years Read More »
Key Takeaways Coinbase seeks SEC approval to offer tokenized equities, aiming to compete with retail brokers like Robinhood and Charles Schwab. Tokenized equities use blockchain technology to represent company shares, potentially reducing trading costs and enabling faster settlements. Share this article Coinbase plans to launch tokenized stock trading for its users, a step that could
Coinbase plans to offer tokenized equities to rival Robinhood, Charles Schwab Read More »
Key Takeaways Thailand waives personal income tax on crypto profits through SEC-regulated platforms. The initiative aims to boost Thailand’s position as a digital asset hub and attract foreign investment. Share this article According to a statement by Deputy Finance Minister Chulaphan Amornvivat on X, Thailand’s cabinet has approved tax measures that will exempt personal income
Thailand exempts crypto gains from tax to support entrepreneurs, innovation Read More »
Coinbase CEO Brian Armstrong recently met with senior policymakers in the United Kingdom to support the country’s ongoing efforts to shape clear crypto regulations. In a June 16 post on X, Armstrong revealed he had been in London, pictured outside Downing Street, for discussions focused on positioning the UK as a leading crypto hub. While
Coinbase push for crypto-friendly UK gains momentum Read More »
Senator Elizabeth Warren has voiced fresh concerns about the GENIUS Act, a bill designed to regulate stablecoins in the US financial system, ahead of its final vote scheduled for later today. In a June 16 statement on X, Warren claimed the bill could allow billionaires to launch stablecoins that monitor user activity and gain an
Elizabeth Warren criticizes GENIUS Act over stablecoin concerns ahead of final vote Read More »
Key Takeaways The SEC and Ripple Labs are working to finalize a settlement agreement, requesting the court to delay appeals. The proposed settlement includes dissolving an injunction and adjusting a $125 million penalty distribution. Share this article The SEC and Ripple Labs are seeking more time to finalize a settlement and have asked the US
SEC, Ripple ask court to delay appeal proceedings pending August 15 update Read More »
Key Takeaways JPMorgan Chase has filed a trademark application for ‘JPMD’, possibly indicating new digital asset services. The application suggests features like digital currency issuance and real-time digital token trading. Share this article JPMorgan Chase is making fresh moves in the digital asset space with a newly filed trademark for “JPMD”, according to a June
JPMorgan files ‘JPMD’ trademark, hinting at possible stablecoin offering Read More »
Bitcoin Magazine Senator Hagerty’s Vision Beyond The GENIUS Act: Make Tennessee A Hub For Bitcoin Mining Senator Bill Hagerty (R-TN) has been in the headlines as of late as the GENIUS Act (S. 1582), a bill for which he was the primary sponsor, moves closer to passing in the U.S. Senate. The GENIUS Act is
Senator Hagerty’s Vision Beyond The GENIUS Act: Make Tennessee A Hub For Bitcoin Mining Read More »
