GENIUS Act

A former Bank of England economist is raising red flags over the growing role of stablecoins in the U.S. financial system, with major implications for banks, as well as the U.S. Dollar. What Happened: In a recent episode of The Big View by Reuters, Dan Davies, an ex-BoE regulatory economist and...

Digital assets are displaying resilience amid geopolitical volatility, posting $1.9 billion in net inflows for the week ending June 14, according to Coinshares. This surge brings cumulative year-to-date inflows to $13.2 billion, setting a new annual record for the sector. "Digital assets remained...

Stablecoins are poised to become the default digital cash for the Internet. According to a Bernstein research note published Monday, the proposed Stablecoin GENIUS Act could establish the United States as the global epicenter of stablecoins. The legislation, officially named the Guiding and...

A more favorable regulatory outlook in the U.S. is prompting a wave of crypto companies to pursue public listings and attracting increased venture capital activity, according to a recent research note from JPMorgan (NYSE:JPM). Analysts led by Nikolaos Panigirtzoglou pointed to the Senate's progress...

Leading retailers, Walmart Inc. (NYSE:WMT) and Amazon.com Inc. (NASDAQ:AMZN), are reportedly exploring the possibility of issuing their own stablecoins, a move that could potentially shake up the traditional financial landscape. What Happened: Walmart, Amazon, and other major...

Treasury Secretary Scott Bessent said Wednesday that dollar-pegged stablecoins could reach a market capitalization of $2 trillion and beyond as the stablecoin bill advanced in the Senate. What happened: During a testimony before the Senate Appropriations Committee, Bessent underscored the Trump...

Pro-cryptocurrency senators are preparing to introduce a landmark legislation this month, aimed at dividing the oversight of digital assets between market regulators. What Happened: Sen. Cynthia Lummis (R-Wyo.) said that the Senate is gearing up to advance its push for crypto-friendly measures,...

The past week was a whirlwind of activity in the world of finance and cryptocurrency. From high-profile endorsements to controversial statements, the news cycle was dominated by big names and even bigger claims. Here’s a quick recap of the top stories that made headlines. Kevin O’Leary...

Even as Bitcoin (CRYPTO: BTC) has hit a new all-time high above $111,000, driven by surging institutional demand, tightening supply, and macroeconomic tailwinds, experts caution the rally isn't without structural risks, including the looming threat of quantum computing. What Happened: Bitcoin...

Businessman and television personality Kevin O’Leary deemed Sen. Elizabeth Warren’s (D-Mass.) opposition to the stablecoin legislation “un-American” on Tuesday. What Happened: O’Leary took to X to express his disagreement with the Democratic...

U.S. Senator Bill Hagerty (R-TN) said stablecoin issuers could become the largest holders of U.S. Treasuries globally by the end of the decade, citing projections from Citibank. What Happened: Speaking in an interview with CNBC on Monday, Hagerty emphasized the role stablecoins play in transforming...

The Senate voted in favor of advancing the GENIUS Act, also known as the stablecoin bill, Monday night, overcoming a key procedural hurdle and paving the way for the bill’s final passage. What Happened: The Senate managed to exceed the three-fifths majority, or the 60-vote threshold, required...

Sen. Elizabeth Warren (D-Mass.) opposed the GENIUS Act, popularly known as the stablecoin bill, on the Senate floor Monday, citing worries that it would enable President Donald Trump’s “crypto corruption.” What Happened: Warren remarked that the Republican-led legislation would...

Editor's Note: A typographical error in the headline of this story has been corrected. A faction of Senate Democrats, known for their pro-cryptocurrency stance, expressed its opposition to a Republican-led stablecoin legislation on Saturday, citing concerns about the modified version. What Happened...