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Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step ...
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The House of Representatives passed the GENIUS Act, which deals with stablecoin regulation, in a 308-122 vote on July 17.
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Intelligencer on MSNCongress Just Injected Crypto Directly Into the Most Stable Part of the EconomyThere would be a great irony if cryptocurrency — which was created in 2008 to provide an alternative to the mainstream financial system that had just failed — led to another economic crash. But that ...
After clearing a procedural hurdle in the House of Representatives by a 215-211 vote on 16 July, the GENIUS Act now heads to ...
Tether hits $160B market cap milestone as US GENIUS act threatens stablecoin dominance through mandatory third-party audits.
The recently-passed GENIUS Act would establish a federal framework for regulating stablecoins. The benefits are immense: Besides creating a regulatory environment for an asset, a formal regulatory reg ...
To be sure, the road to the passage of the three bills was not smooth, since 12 hardliners scuttled a procedural vote on the ...
However, Tether has never completed a full, independent audit. This remains a major red flag. The GENIUS Act now brings that ...
On the heels of its vote to pass its Clarity Act to oversee crypto markets, the House of Representatives followed up with a 308-122 approval of GENIUS.
Tether issues 2 billion USDT, sparking concerns amid U.S. regulatory threats like the GENIUS Act. Will tighter audits impact ...
The GENIUS Act could force Tether USDT to exit the US market if it fails to meet strict transparency rules. Compliance or ...
Tether faces tough choices under the GENIUS Act, which mandates transparency for stablecoin issuers in the US, or risk being ...
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