Bitcoin Magazine Bitcoiners Should Care About The GENIUS Act While the GENIUS Act is a stablecoin bill, U.S.-based Bitcoin enthusiasts should be paying attention to the language in the bill as it pertains to the ability to transact privately with crypto assets — including bitcoin. Two documents that recently circulated among Senate Banking Committee Democrats […]
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Key Takeaways: Garlinghouse’s criticism of Lummis comes as Ripple attempts to expand its influence in Washington while pursuing a $4–5 billion bid to acquire USDC issuer Circle. Circle rejected Ripple’s offer and is still in talks with both Ripple and Coinbase while targeting a $5 billion IPO valuation. Coinbase is viewed as a stronger suitor
Ripple CEO Slams Sen. Lummis After Canceled Talks – $5B Circle Bid Looms Read More »
South Korea’s opposition leader, Lee Jae-myung, proposed launching a won-backed stablecoin on May 20 to stem the 56.8 trillion won ($40.8 billion) crypto outflow and reduce dependence on foreign stablecoins like USDT and USDC. The Democratic Party presidential candidate’s broader digital asset strategy also includes legalizing spot crypto ETFs and allowing institutional crypto investments under
Will Lee Jae-myung’s Won-Backed Stablecoin Stem Korea’s $40.8B Crypto Outflow? Read More »
Key Notes South Korean presidential candidate favours won-backed stablecoin. The stablecoin is expected to reduce capital flight in the country. Lee Jae-myung also plans to establish a system that enables greater institutional participation in cryptocurrency. South Korea’s presidential candidate from the Democratic Party, Lee Jae-myung, has announced plans to support the development of a stablecoin
Korean Candidate Proposes Stablecoin Pegged to Won Read More »
Landmark legislation aimed at establishing a regulatory framework for stablecoins in the United States took a significant step forward in the Senate on Monday night, as lawmakers voted to overcome a critical procedural obstacle, setting the stage for further debate and an eventual final vote on the bill’s passage. In a decisive move, Senators comfortably
Key US stablecoin bill overcomes senate hurdle, paving way for final vote Read More »
The Senate made big progress on stablecoin regulation Monday, advancing the GENIUS Act with a bipartisan vote of 66-32. This bill, which would regulate stablecoins for the first time at the federal level, marks a key step toward establishing comprehensive oversight for digital currencies pegged to fiat currencies, like the US dollar. The vote to
Senate Votes 66-32 to Advance GENIUS Act, Marking Progress in Stablecoin Regulation Read More »
Leading legal and financial experts have cautioned political leaders that stablecoin adoption plans pose a danger to the South Korean economy. Per the newspaper Chungnyun Ilbo, experts say that US dollar-based stablecoins could have an impact on exchange rates and fiat currencies. Stablecoin Danger for South Korean Economy? The comments came at a digital assets-themed
South Korean Experts Warn Seoul of Mounting ‘Stablecoin Danger’ Read More »
Crypto actors see the ban proposal, spearheaded by the Central Bank of Brazil, as excessive and explain that this move might push companies to operate offshore. An alternative proposal that substitutes the proposed ban with a reporting system was also recently floated. Exchanges Say Stablecoin Self-Custody Ban Proposal Could Push Crypto Offshore in Brazil The
Crypto Exchanges Oppose Brazil’s Stablecoin Self-Custody Ban Read More »
Despite the geopolitical tensions from the U.S. trade war causing a decline in most liquid tokens, venture capitalists continued to focus on the core utility of cryptocurrencies, particularly stablecoins. VCs’ Growing Positive View of Stablecoins Although the geopolitical tensions sparked by the U.S. trade war resulted in a quarter-long giveback of gains across most liquid
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The SEC is warning against FOMO as crypto mania intensifies, even as institutional adoption skyrockets and U.S. policy shifts cement digital assets as a financial cornerstone. SEC Cautions Against FOMO as Crypto Sees Relentless Institutional Inflows The U.S. Securities and Exchange Commission (SEC) reminded investors this week to steer clear of emotional decision-making driven by
SEC Warns of FOMO, Pushes Long-Term Strategies as Crypto Matures Read More »
