GENIUS Act News
FDIC Moves to Rein in Stablecoins with New Rule Proposal Under GENIUS Act
FDIC's board approved a notice of proposed rulemaking on April 7 to implement the GENIUS Act. ...
Tether Promises Long-Awaited Audit—But Keeps Accounting Firm a Mystery
Tether says it has engaged an unnamed Big Four firm for the first full audit of the $192 billion backing USDT, but won't name the auditor. ...
Coinbase Swings to $667M Loss as Crypto Slump Crushes Trading Volumes
Coinbase reported a surprise $666.7 million quarterly loss, its first since Q3 2023, as weaker trading volumes during a broad digital-asset ...
UK Lawmakers Hear Skepticism on Stablecoins as Lords Launch Regulation Inquiry
A public session of the UK’s House of Lords Wednesday heard damning criticism of stablecoins, with one witness claiming they’re mainly u...
FDIC Advances Stablecoin Rules Under GENIUS Act
The FDIC has proposed a regulatory framework outlining how banks it supervises could apply to issue payment stablecoins, marking an early st...
Coinbase Nears $2 Billion Deal for BVNK to Expand Stablecoin Ambitions
Coinbase is in late-stage talks to acquire London-based BVNK for about US$2 billion (AU$3.14 billion), according to Bloomberg sources. Closi...
Tether Eyes US Institutional Launch Following GENIUS Act Approval
Tether has confirmed it is advancing plans to launch a US-focused institutional stablecoin, days after the GENIUS Act became law. CEO Paolo ...
Trump Signs GENIUS Act to Regulate Stablecoins as MTG Warns of ‘CBDC Backdoor’
After months of legislative wrangling, the GENIUS Act was finally signed into law by US President Donald Trump on Friday 18 July, establishi...
House Crypto Blitz: GENIUS Stablecoin Bill Heads to Trump; CLARITY and Anti‑CBDC Measures Clear Chamber
In a key development for digital asset regulation, the US House has passed the GENIUS Act in a 308–122 vote, clearing its path to Presiden...
GENIUS Act Back on Track After Presidential Pow-Wow with Republican Holdouts
The US crypto legislative agenda appears to be back on track after lawmakers voted on Wednesday, July 16, in favour of progressing three cry...
Crypto Week Stalls: US House Halts Procedural Vote on Landmark Stablecoin Bills
The US House of Representatives abruptly cancelled a planned vote on Tuesday to advance three crypto related bills, including the GENIUS and...
Trump’s Crypto Push May Lock In US Dollar Supremacy, Says Treasury Chief
US Treasury Secretary, Scott Bessent, has said that the growth of the stablecoin market could help reinforce dollar dominance and reduce fed...