Stablecoins Archives - Page 9 of 19

U.S. Senate Passes Stablecoin Bill The GENIUS Act

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Bitcoin Magazine U.S. Senate Passes Stablecoin Bill The GENIUS Act The U.S. Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 394) by a vote of 68-30, establishing the first comprehensive federal framework for fiat-backed stablecoins. The bipartisan legislation was introduced by Senator Bill Hagerty and co-sponsored by Senators […]

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Stablecoin IPOs Are The New ‘Hot Potatoes’, Arthur Hayes Says

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to former BitMEX founder Arthur Hayes, Circle’s June 5 IPO has sparked what he calls “stablecoin mania.” He warns that this is only the beginning. Many new issuers will rush to go public. Most of them, he predicts, won’t last. Surge Of

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US Senate approves landmark GENIUS Act for stablecoin regulation

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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

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JPMorgan pilots tokenized deposit token on Base, targeting instant dollar transfers

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JPMorgan will pilot a dollar-denominated deposit token called JPMD on Coinbase’s Base blockchain within days, global blockchain division co-head Naveen Mallela said in an interview with Bloomberg News on June 17. The test will transfer a fixed amount of JPMD from the bank’s digital wallet to Coinbase, making the token available to selected institutional users

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Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act

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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

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Arthur Hayes Warns Circle’s IPO Could Ignite ‘Stablecoin Mania’ Bubble

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Former BitMEX CEO Arthur Hayes has stated that Circle’s recent IPO is the starting gun for a “stablecoin mania” bubble, cautioning investors of impending carnage. The warning, detailed in Hayes’ latest Substack essay, clashes with bullish data showing stablecoin market capitalization surging to a record $228 billion. The Distribution Imperative In the June 17 piece,

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Elizabeth Warren criticizes GENIUS Act over stablecoin concerns ahead of final vote

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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

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Stablecoin Exchange Inflows Plummet $61 Billion—Warning Sign for Bitcoin?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. On-chain

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Stablecoins are the ‘highest utility form of money,’ but industry is yet to reach ‘iPhone moment’: Circle CEO

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Jeremy Allaire, founder and CEO of Circle, the USD Coin (USDC) issuer that went public this month, called stablecoins the “highest utility form of money ever created” in an X post on June 15. He added, however, that the stablecoin industry is yet to experience a significant disruption. Programmability of stablecoins will usher in change

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Walmart & Amazon eye B in savings by launching corporate stablecoin as US GENIUS legislation nears

Walmart & Amazon eye $14B in savings by launching corporate stablecoin as US GENIUS legislation nears

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Walmart and Amazon are preparing to launch their own stablecoins as the U.S. Senate advances landmark legislation that would establish a federal regulatory framework for privately issued digital dollars for the first time. The legislation, known as the GENIUS Act (S.394), has passed committee and cleared cloture, with a final Senate vote scheduled for June

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