Just last week, the Senate passed the GENIUS Act in a bipartisan 68-30 vote. This monumental legislation seeks to establish federal standards and guardrails surrounding U.S. dollar-pegged stablecoins. If enacted, this legislation would be an important step toward bringing much-needed regulation to the rapidly growing cryptocurrency market in the United...
The Senate has recently advanced the Guiding Uniform and Innovative Stablecoins Payments Act (GENIUS Act), signaling a significant step towards regulating the rapidly growing $238 billion stablecoin market. This important bipartisan bill is intended to provide a bright-line regulatory framework for the entities that will be issuing these digital currencies....
Stablecoins, cryptocurrencies pegged to the U.S. dollar, have emerged as a focal point in Washington's evolving approach to digital assets. With a market capitalization of $238 billion, up from $152 billion the previous year, stablecoins are increasingly utilized for various applications, including cross-border payments and decentralized finance. Lawmakers are now...
The United States has been trying to get stablecoins regulated. Each of these digital currencies has been created with the idea of maintaining that value. Proposed legislation such as the GENIUS Act and the STABLE Act are great examples of these efforts. Their goal is to address existing issues overcrowding...
The Bitcoin boom, driven in part by hopes of a crypto-friendly Trump administration, represents an interesting, and let’s be honest, creepy counter-example. Can technology, so easily and frequently associated with libertarian, decentralized, anarchistic whimsy truly be compatible with the very foundations of conservatism’s imperative? These principles are fiscal responsibility, limited...
Now, there are two competing bills in Congress. The GENIUS Act and the STABLE Act proposals each bill introduces a distinct approach to regulating stablecoins. Both hope to establish a regulatory environment for digital assets. When it comes to bankruptcy protections, regulatory standards, enforcement, and supervision, they take vastly different...
Our Digital Asset Subcommittee held a hearing to address the fast-paced evolution of the digital assets space. They reiterated the need for clear regulations — fast. Titled "American Innovation and the Future of Digital Assets On-Chain Tools for an Off-Chain World," the hearing brought together industry experts and policymakers to...
The digital asset landscape in the United States has arrived at a crucial crossroads. Recent hearings in the US House have fanned the flames of this debate over crypto regulation. That is why establishing robust, standard guidelines and a strong legal framework is essential and a pressing need. BlockTraderHub.com is...
Though still largely in its infancy, this new world of cryptocurrencies presents great potential opportunity along with a greater need than ever for clear, firm regulation. Right now, in Washington D.C., we see stablecoins bringing together interest from legislators across the aisle. House final votes are imminent. These decisions can...
Politics and cryptocurrency are getting messier and messier. None so much as the Trump family’s increasing stake in the crypto opportunity. This article looks into the potential conflicts of interest arising from the Trump family's crypto engagements alongside the backdrop of deregulatory policies. This argument will look at the critics,...
