Senate Banking panel advances stablecoin bill
44 Articles
44 Articles
What's next after Senate Banking Committee advances stablecoin regulation bill: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin and ether rise to end the week. Plus, Binance founder Changpeng Zhao responds to a report of a Trump pardon deal, while one Democrat lawmaker urges the Treasury Department to end President Trump's crypto reserve plans. Also, Jim Angel, an associate professor of finance at the McDonough School of Business at Georgetown University, weighs in on the Senate Banking Committee advancing the GENIUS Act s…
Senate Banking panel advances stablecoin bill
The Senate Banking Committee voted Thursday to advanced legislation to create a regulatory framework for payment stablecoins. The movement on the GENIUS Act marks a key win for the Trump administration and Republican lawmakers, who have set their sights on quickly passing stablecoin and cryptocurrency market structure legislation this Congress. “For far too long, the…
U.S. Senate Takes First Big Step to Advance Stablecoin Bill
The U.S. Senate Banking Committee has advanced the crypto industry's stablecoin regulation bill, a first major step toward getting the effort to President Donald Trump's desk to be signed into law.With its first committee approval, the bill that would regulate U.S. stablecoin issuers at the federal level now needs passage by the overall Senate, and a similar version also awaits approval in the House of Representatives. While a number of hurdles …
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