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Senate passes GENIUS Act—criticized

What the GENIUS Act could mean for stablecoins, crypto investors and potentially taxpayers

The GENIUS Act is a proposed bill that regulates one type of cryptocurrency called stablecoins, a $200 billion part of the multi-trillion-dollar cryptocurrency system. The bill’s name stands for Guiding and Establishing National Innovation for U.

CoinDesk · 1d

U.S. Senate Passes GENIUS Act to Regulate Stablecoins, Marking Crypto Industry Win

The legislation to set rules for stablecoin issuers is the first major digital assets bill to ever clear the Senate and now moves on to the U.S. House.

Crypto News · 6h

GENIUS Act Passes Senate — But Big Stablecoin Challenges Remain

Stablecoins are back in the spotlight after the Senate finally passed the GENIUS Act — a key milestone in creating clear rules of the road for crypto firms to follow. The bill would require issuers to fully back their stablecoins with U.S. dollars, and licensing would depend on the total market capitalization of their digital assets.

Senate passes GENIUS Act—criticized as gifting Trump ample opportunity to grift

And now, Trump is rushing regulation through Congress that many Democrats fear could create his biggest conflict of interest ...

JPMorgan: Dimon's Crypto U-Turn, GENIUS Act On Deck

JPMorgan's JPMD stablecoin on Coinbase’s Base blockchain could transform dollar digitization, grow deposits, and attract ...

Decrypt19h

Trump Pushes House to Pass GENIUS Act as Lawmakers Debate Crypto Oversight

The President has called on the House to approve the stablecoin bill, despite concerns over conflicts of interest and tech ...

Cryptopolitan on MSN1d

Crypto market sinks by 2% despite GENIUS Act win

The global crypto market continues to tumble on Wednesday as escalating tensions in the Middle East prompted investors to ...

Crypto News14h

Treasury Chief Bessent Declares ‘Crypto is Not a Threat to the Dollar’ as GENIUS Act Near Approval

Treasury Secretary Bessent declares crypto reinforces dollar supremacy as Trump demands swift GENIUS Act passage following ...

23hon MSN

Wall Street’s calling it the most 'genius' piece of regulation since Dodd-Frank

In a significant feat for the cryptocurrency industry, the U.S. Senate passed the GENIUS Act on June 17 with a vote of 68-30, marking the first major digital asset regulation to pass the upper chamber ...

23hon MSN

Coinbase stock surges 16% on a fresh wave of momentum from landmark crypto bill

Coinbase and other crypto-linked stocks surged a day after the Senate voted to pass the GENIUS Act, a landmark bill creating ...

CCN on MSN1d

Crypto Industry Leaders React To GENIUS Act: Ava Labs, T3RRA and Neo Executives Celebrate

Crypto and blockchain leaders have responded to the passing of the GENIUS Act. The Senate passed the first-of-its-kind crypto legislation on June 17. By removing ...

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