Lummis on Push for Stablecoin Bill: ‘I Had No Idea How Hard This Was Going to Be’

Lummis on Push for Stablecoin Bill: ‘I Had No Idea How Hard This Was Going to Be’

LAS VEGAS, Nevada — The U.S. Senate seems to be getting close to passing its landmark stablecoin bill, the GENIUS Act — a battle its champion Cynthia Lummis (R-Wyo.) said has been incredibly hard-fought.“It has been extremely difficult,” Lummis said during a fireside chat with Coinbase’s Chief Legal Officer Paul Grewal at Bitcoin 2025 in Las Vegas on Tuesday. “I had no idea how hard this was going to be.”Last week, the Senate voted to advance th…

Solv Protocol Cofounder Yan Meng Shares Insights on Stablecoins and RWAs

On May 29, Solv Cofounder Yan Meng shared insights on blockchain finance evolution. He posted a summary of his discussion with specialist Dr Xiao Fen in an X post. His post highlighted stablecoin trends and tokenized real-world assets. The dialogue mentioned recent legal moves in the United States and Hong Kong. They mentioned the US Senate passing the GENIUS Stablecoin Act. Additionally, Hong Kong’s approval of a bill for its own stablecoin reg…

Future of Finance: Stablecoins Emerge as Key 'Infrastructure', US & Hong Kong Advance Laws

Stablecoins bridge inflation-hit regions with fast, mobile-first financial access solutions. U.S. and Hong Kong push forward legislation to regulate and scale stablecoin adoption. Industry leaders see 2025–2027 as the turning point for stablecoins in global finance. As the race to modernize global finance intensifies, stablecoins have emerged as the main point of digital asset regulation and adoption. With rising instability in traditional monet…

FCA opens consultation on stablecoins and crypto custody

The FCA has published proposals for issuing stablecoins, crypto custody and financial resilience of cryptoasset firms. The post FCA opens consultation on stablecoins and crypto custody appeared first on FX News Group.

U.S. Senate Nears Passage of GENIUS Act Stablecoin Bill

The U.S. Senate is edging closer to passing the landmark GENIUS Act, a long-awaited stablecoin regulation bill championed by Sen. Cynthia Lummis (R-Wyo.). Speaking at Bitcoin 2025 in Las Vegas, Lummis admitted the journey has been far more challenging than anticipated, describing the legislative process as extremely difficult. Last week, the bill cleared a major hurdle by surpassing the 60-vote threshold, pushing it into the final discussion sta…