Tether in the Clear? Yes, Under This New Republican-Led Senate Stablecoin Bill

Tether in the Clear? Yes, Under This New Republican-Led Senate Stablecoin Bill

For almost a decade, Tether, the largest stablecoin issuer in the world, has dodged allegations of incomplete reserves and rumors because it operated in the shadows outside of regulation.  Now, Senate Republicans (and maybe Democrats) appear to be poised to remove that stigma by pulling Tether into U.S. jurisdiction.  On Thursday, the Senate failed to push through a vote to try and begin formal debate on a newly revised version of the stablecoin…

Galaxy’s Head of Research Calls Stablecoin Bill Key to U.S. Dollar Dominance

In a series of public remarks, Thorn called on lawmakers—particularly Democrats—to propose reasonable compromises instead of “fundamental overhauls” if they genuinely want to see the bill pass. “Anyone who cares to see something passed should be hitting the phones all weekend,” he said. “Time is running out.” More Than a Crypto Bill Thorn emphasized that the GENIUS Act is not a “crypto bill” in the traditional sense. Rather, it is a strategic to…

Stablecoin Regulation: GENIUS Act's Dramatic Expansion to Foreign Issuers

The post Stablecoin Regulation: GENIUS Act’s Dramatic Expansion to Foreign Issuers appeared on BitcoinEthereumNews.com. Stablecoin Regulation: GENIUS Act’s Dramatic Expansion to Foreign Issuers – BitcoinWorld Skip to content Home News Crypto News Stablecoin Regulation: GENIUS Act’s Dramatic Expansion to Foreign Issuers Source: https://bitcoinworld.co.in/genius-act-stablecoin-regulation/

The new bill aims to subject companies like Tether to US regulations. The bill’s supporters are only Republican senators. Read more: New Stablecoin Bill Discussions in US Senate: Roadmap for Tether and Crypto Sector is Changing