In a historic milestone for the crypto market, the U.S. Senate approved the Genius Act, a much-anticipated stablecoin bill that brings federal regulation and regulatory certainty to one of the most important parts of the digital asset ecosystem. The bill, which has gained bipartisan support, now heads to the House
BitMEX co-founder Arthur Hayes is sounding the alarm for anyone getting too comfortable with the new wave of stablecoin IPOs. In a recent blog post, he didn’t hold back, comparing these offerings to a “hot potato” and warning traders to treat them as short-term flips, not long-term investments. Hayes points
JPMorgan Chase just filed a U.S. trademark for “JPMD,” a clear sign the bank is doubling down on its blockchain and crypto push and it might be laying the groundwork for a stablecoin launch down the line. JPMorgan’s latest trademark filing, dropped on June 15 with the U.S. Patent and
Ripple just dropped 12 million new RLUSD tokens, and the timing feels anything but random. With the U.S. Senate gearing up for a big vote on the GENIUS Act, potentially a turning point for stablecoin regulation. The company had hit pause on new issuance back in April and even burned
The United States Senate is set to hold a final vote on the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) on Tuesday, June 17. The legislation marks a crucial step in establishing a clear legal framework for stablecoins and their issuers. If passed, it will move to
Two prominent companies, Walmart and Amazon, are planning to issue their own US dollar-backed stablecoins for customers, indicating broader institutional stablecoin adoption with more regulatory clarity in the US. Both firms are considering the development of brand-specific stablecoins, as revealed by people close to the matter and reported in the
Ant International is actively seeking to get stablecoin issuer licenses in Singapore, Hong Kong, and Luxembourg. The news came to light after sources familiar with the matter revealed it to Bloomberg. As crypto regulations accelerate in global countries, institutions and firms are planning to expand their business operations by complying
South Korea’s digital asset landscape is poised for a potential regulatory shift as Bank of Korea Governor Rhee Chang-yong is scheduled to meet with CEOs of major commercial banks on June 23 in Seoul. The high-level meeting, set to take place at the Bank of Korea (BoK) headquarters, comes at
French banking powerhouse Société Générale, through its crypto subsidiary SG-Forge, has launched a U.S. dollar-pegged stablecoin, USD CoinVertible (USDCV), marking a significant step in institutional crypto adoption across Europe. The announcement, made Tuesday, confirms the stablecoin’s launch on the Ethereum and Solana blockchains, offering new capabilities for 24/7 fiat-to-stablecoin conversions.
In a major effort to legalise cryptocurrency regulation, South Korean representative Min Byeong-deok proposed a sweeping new bill on Tuesday that would transform the country’s digital asset ecosystem. The Digital Asset Basic Act bill, as it is called, creates a new licensing system for stablecoin issuers and establishes general rules
