Senate leader John Thune backs Stablecoin Bill – Is USD1 behind this decision?

Sen. John Thune Expedites Historic Stablecoin Legislation

Senate Majority Leader John Thune expedited on Thursday the consideration of stablecoin legislation sponsored by Sen. Bill Hagerty which would establish the first-ever regulatory framework for stablecoins.

GENIUS Act Gains Traction In Senate As Warren Protests

The US Senate has expedited the approval of the GENIUS Act, a bill providing stablecoin guidance for the country’s digital asset economy. Sen. Elizabeth Warren has raised alarms over the pitfalls of the bill. Warren particularly expressed concerns over how the bill is fashioned to aid a “corrupt” $2 billion stablecoin deal between Trump’s crypto firm and Binance. On Thursday, Senate Majority Leader John Thune expedited the consideration of the G…

Senate looks to push through GENIUS stablecoin bill before end of May – MAXBIT

Senate Republicans have accelerated efforts to bring the first comprehensive federal stablecoin legislation, the GENIUS stablecoin bill, to a floor vote before the Memorial Day recess. Senate Majority Leader John Thune formally moved to expedite consideration of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act this week, setting up a potential chamber-wide...

Senate Majority Leader Thune Expedites Vote on GENIUS Act to Regulate Stablecoins Before Memorial Day

The U.S. Senate is advancing the GENIUS Act, a bill aimed at establishing the first-ever regulatory framework for stablecoins. Senate Majority Leader John Thune has expedited the vote on this legislation, which is led by Senator Bill Hagerty and cosponsored by Senators Tim Scott and Cynthia Lummis. The updated version of the bill was recently introduced on the Senate floor. The GENIUS Act seeks to support digital asset innovation in the United S…

Senate Majority Leader Expedites Vote on Landmark Stablecoin Bill - WorldNL Magazine

In brief GENIUS Act seeks to establish a comprehensive regulatory framework for U.S. stablecoins. The bill faces criticism over potential impacts on traditional banking. Its legislative code differs from the House's STABLE Act in regulatory approach and reserve assets. Senate Majority Leader John Thune (R-SD) initiated procedures Wednesday to expedite a vote on the first-ever regulatory framework for stablecoins in the U.S.Thune is urging senato…

Senate Majority Leader Expedites Vote on Landmark Stablecoin Bill

Senate Republicans are moving to fast-track the first U.S. stablecoin framework despite opposition from banks and crypto firms.