How stable is Stablecoin? : The Indicator from Planet Money

How stable is Stablecoin? : The Indicator from Planet Money

Stablecoins are the latest digital asset to grab headlines. Congress is considering legislation around the cryptocurrency, and a Trump family-affiliated company is preparing to launch its own Stablecoin. But does this digital currency live up to its own name? Related episodes:What's this about a crypto reserve? (Apple / Spotify) Is 'government crypto' a good idea? (Apple / Spotify) WTF is a Bitcoin ETF? (Apple / Spotify) For sponsor-free episode…

U.S. Senate Set to Vote on Landmark Stablecoin Legislation This Month

Politico reports that Senate Majority Leader John Thune has privately informed Republican colleagues that the chamber could take up the long-anticipated legislation—known as the GENIUS Act—before Memorial Day. The bill, formally titled the “Guiding and Establishing National Innovation for US Stablecoins Act,” aims to lay out clear rules for digital dollar-pegged tokens like USDT and USDC. The legislation is expected to draw backing from both sid…

U.S. Senate Set to Vote on Stablecoin Legislation This May

The U.S. Senate is preparing to vote on stablecoin legislation in May, according to a recent Politico report. Citing an anonymous source, the report states that Senate Majority Leader John Thune plans to bring the bill to a full Senate vote before Memorial Day on May 26. Senate Banking Committee Approved Bill in March Back in March, the Senate Banking Committee passed the proposed legislation, although several Democratic senators opposed it. The…

US Senate Majority Leader Anticipates Vote on Stablecoin Regulation Before May 26, According to Report

Senate Majority Leader John Thune recently introduced a bill aimed at regulating stablecoins, a type of cryptocurrency designed to maintain a stable value. The bill, titled the “Digital Asset Market Structure and Investor Protection Act,” is part of ongoing efforts to address potential risks and provide clarity in the fast-evolving digital asset space. Stablecoins have gained popularity in recent years for their ability to mitigate price volatil…

U.S. Senate to Vote on GENIUS Act Stablecoin Legislation with Reserve Requirements by May 26, 2025

The U.S. Senate is scheduled to vote on stablecoin legislation before Memorial Day, May 26, 2025, according to statements from Senate Majority Leader John Thune and reports from Politico. The legislation, known as the Guiding and Establishing National Stablecoins (GENIUS) Act, aims to introduce reserve requirements and oversight rules for stablecoins. The bill seeks to balance innovation in the cryptocurrency sector with consumer protection meas…

US Senate majority leader expects stablecoin vote before May 26

US Senate Majority Leader John Thune reportedly told Republican lawmakers that the chamber would address a bill on stablecoin regulation before the May 26 Memorial Day holiday.According to an April 29 Politico report, Thune made the comments in a closed-door meeting with Republican senators, who hold a slim majority in the chamber. The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, was introduced by Senator Bill …