Stablecoins

Revised GENIUS stablecoin bill heads to senate, bars Big Tech from issuing tokens

Revised GENIUS stablecoin bill heads to senate, bars Big Tech from issuing tokens

The US Senate is preparing to vote next week on a revised version of the GENIUS Act, a stablecoin-focused bill that has been updated to address concerns raised by Democratic lawmakers. Last week, the bill stalled after several Democratic lawmakers withdrew support, citing gaps in anti-money laundering provisions, weak oversight for foreign stablecoin issuers, and […]

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Tron strengthens grip on USDT, claiming nearly half of its 0B supply

Tron strengthens grip on USDT, claiming nearly half of its $150B supply

Tether’s market cap just passed $150.66 billion, setting yet another record and extending its dominance over every rival combined. Data from DeFiLlama showed USDT expanded by roughly $830 million in the past week and more than $5.5 billion since mid‑April. The headline total matters on its own, but the real insight lies in how the tokens are distributed:

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Fed council warns stablecoins may pose risk to bank deposits and credit capacity

Fed council warns stablecoins may pose risk to bank deposits and credit capacity

Members of the Federal Reserve’s Community Depository Institutions Advisory Council (CDIAC) raised concerns that nonbank-issued stablecoins could accelerate deposit outflows from traditional banks and reduce credit availability to local communities. According to the April 10 meeting records, council members expressed apprehension over pending legislation in Congress related to payment stablecoins and their regulatory treatment.  They

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Senators Warren, Merkley to headline national call opposing Trump’s GENIUS Act

Senators Warren, Merkley to headline national call opposing Trump’s GENIUS Act

Progressive group Our Revolution is mobilizing lawmakers and grassroots members in a national organizing call to stop what it calls an alleged sweeping “crypto power grab” led by President Donald Trump and his congressional allies. According to the press release shared with CryptoSlate, Senators Elizabeth Warren and Jeff Merkley will headline the virtual event on

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‘Dark’ Stablecoins On The Horizon? CEO Warns Of Danger

‘Dark’ Stablecoins On The Horizon? CEO Warns Of Danger

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Governments worldwide are clamping down on stablecoins. That might push some users to turn to so-called “dark” or private stablecoins. They offer uncensorable transfers, but they come with high risks and uncertain practical application. Tighter Rules Might Spook Users Away Stablecoins from

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Concerns over Trump’s conflict of interest are slowing the progress of broader crypto policy

Concerns over Trump’s conflict of interest are slowing the progress of broader crypto policy

Discussions around the personal enrichment and potential conflict of interest arising from U.S. President Donald Trump’s crypto asset ventures gained steam over the past week. These concerns are slowing not only the progress of the stablecoin legislation but also broader crypto policy. The founder of fintech venture capital fund Launchpad Capital, Ryan Gilbert, told CNBC: “It’s

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Here Are 5 Reasons Ethereum May Reach ,000 In 2025 – Analyst

Here Are 5 Reasons Ethereum May Reach $12,000 In 2025 – Analyst

Ethereum prices have surged by over 19% in the past day, reaching almost $2,500 as a general crypto market resurgence continues. Amidst investors’ euphoria, prominent crypto analyst and OKC Partner Ted Pillows has tipped the prominent altcoin to sustain its bullish form, reaching a market price of $12,000 in 2025. Institutional Adoption, DeFi Status To

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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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Meta Not Done with Crypto—Stablecoin Strategy Back on the Table

Meta Not Done with Crypto—Stablecoin Strategy Back on the Table

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Meta is secretly pursuing a new direction into crypto, almost three years after it closed its struggling Diem project. The aim this time is not to build a new digital currency but to leverage current stablecoins to facilitate small payments between platforms

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GENIUS Act stalls in Senate, lawmakers eye new proposal next week

GENIUS Act stalls in Senate, lawmakers eye new proposal next week

The Senate denied the motion to invoke cloture on the motion to consider the GENIUS Act bill, which aims to regulate stablecoins in the US. The decision came with a one-vote difference, as 49 Democrat senators denied the motion against 48 favorable votes.  Senate Majority Leader John Thune accused Democrats of using the filibuster for

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