GENIUS Act

ProShares now has what it describes as the first money market ETF structured to comply with the requirements of the GENIUS Act. The ProShares GENIUS Money Market ETF (NYSE:IQMM), launched on Feb. 19, is structured as a cash management tool that invests only in short-term U.S. Treasuries. The...

Brian Armstrong, CEO of Coinbase Global Inc. (NASDAQ:COIN), expressed his optimism on Monday about the future of cryptocurrency regulations in the United States. Armstrong Says Clarity Will Help Builders In an X post, Armstrong said he felt “bullish” on the regulatory progress for...

A new category of financial institution is beginning to take shape as decentralized banking models, or "deobanks," position themselves between traditional banks and fintech firms. The shift, industry leaders say, could redefine competition in global finance over the next decade. "Banks offer trust...

Treasury Secretary Scott Bessent backed the implementation of the GENIUS Act on Monday, also known as the stablecoin bill, citing its potential to secure “American leadership” in digital assets.  Bessent Says Stablecoins Would Expand Dollar Access In an X post,...

Transak announced Thursday the listing of (CRYPTO: USDe), the synthetic dollar issued by Ethena Labs, on its global fiat on-ramp infrastructure. The move makes USDe, now the third-largest tokenized dollar by market capitalization, directly accessible via local payment methods to users outside the U...

Ripple's (CRYPTO: XRP) bid for a U.S. national banking license has been described by industry experts as a potential turning point for the company and the broader stablecoin ecosystem, as it positions Ripple to issue and move stablecoins under federal oversight without reliance on traditional banks...

Circle Internet Group Holdings, Inc. (NASDAQ:CRCL) shares are moving higher Tuesday after the company applied for a national bank charter in a move that could have significant upside for the stock.  Some of the benefits for Circle would include alignment with new federal regulatory...

President Donald Trump's crypto and AI advisor, David Sacks, praised on Thursday the Senate’s timeline and plan for crypto legislation that proposes dividing oversight of digital assets between market regulators. What Happened: In an X post, Sacks thanked ...

The past week in the world of finance and technology was nothing short of exciting. From the backing of a crypto-friendly startup bank by big names in tech to the stunning surge of Circle’s stock, there was no shortage of intriguing developments. Here’s a quick recap of the top stories...

Analysts are pointing out that the GENIUS Act, which was passed in the Senate on Tuesday, could increase the competition for the large payment networks like Visa Inc. (NYSE:V) and Mastercard Inc. (NYSE:MA). What Happened: The act establishes a regulatory framework for dollar-pegged cryptocurrencies...

Economist and market commentator Peter Schiff raised doubts about the potential of stablecoins to uphold the U.S. dollar’s dominance on Wednesday, stating that their primary use would be in cryptocurrency trading. What Happened: Schiff took to X, disputing the widely touted role of...

President Donald Trump lauded the Senate’s passing of the stablecoin legislation Wednesday, urging Congress to get it to his desk without delays. What Happened: In a Truth social post, Trump said that the “incredible” GENIUS Act would position the U.S. as the “undisputed...

A new protocol aims to redefine stablecoins as programmable assets for AI agents, much like the U.S. government establishes dollar-based rules. In the same week that the Senate passed the GENIUS Act to regulate fiat-backed stablecoins, MAITRIX, a decentralized finance protocol focused on AI-...

The U.S. Senate's passage of the GENIUS Act marks a watershed moment for stablecoins, offering long-awaited regulatory clarity that could unlock trillions in institutional capital. Industry leaders hailed the bipartisan vote as a breakthrough for financial innovation, with fintechs and banks now...

In a significant development, the Senate passed the GENIUS Act on Tuesday, a bill establishing the country’s first regulatory framework for dollar-pegged stablecoins.  Prominent names tied to the cryptocurrency industry soon took to social media to celebrate the passage. What happened:...