Tag: genius act

GENIUS Act Gains Momentum, Poised to Reshape Stablecoin Regulation

GENIUS Act Gains Momentum, Poised to Reshape Stablecoin Regulation

As you may know, the GENIUS Act was just passed by the Senate. This bipartisan initiative to reform the regulatory landscape around stablecoins is an important first step toward the comprehensive management of digital assets. This is a welcome move to impose tougher reserve requirements and increase consumer protections in...

US Senate Eyes Crypto Market Structure Bill Following GENIUS Act Passage

US Senate Eyes Crypto Market Structure Bill Following GENIUS Act Passage

The US Senate is considering a comprehensive crypto market structure bill, spurred by the recent passage of the GENIUS Act and growing calls for regulatory clarity. Senator Cynthia Lummis is a passionate supporter of the bill. She asserts that the US is falling behind other countries in incorporating digital assets...

Understanding the GENIUS Act

Understanding the GENIUS Act

The GENIUS Act’s goal is to provide a regulatory framework for stablecoins here in the U.S. Stablecoins are a type of cryptocurrency whose value is meant to remain stable, often through pegging to an asset, like the U.S. dollar. Now they are cemented as an important digital asset pillar. They...

Senate Approves GENIUS Act, Ushering in New Era for Stablecoin Regulation

Senate Approves GENIUS Act, Ushering in New Era for Stablecoin Regulation

On September 19, 2023, the U.S. Senate passed a landmark piece of legislation to regulate stablecoins – the Guiding and Enhancing New Initiatives in Understanding Stablecoins (GENIUS) Act. This monumental act is poised to recalibrate the regulatory terrain for payment stablecoins. The Act, approved on May 19, 2025, by a...

GENIUS Act: 3 Ways This Stablecoin Law Could Unleash US Crypto Innovation

GENIUS Act: 3 Ways This Stablecoin Law Could Unleash US Crypto Innovation

It's not just another piece of legislation floating around Capitol Hill. It's a potential gateway to a new era of crypto innovation right here in the United States. I know, I know, you’re rolling your eyes right now. "More crypto regulation? How is that going to help innovation?" Hear me...

Stablecoin Bill GENIUS Act Draws High Prediction Odds on Polymarket

Stablecoin Bill GENIUS Act Draws High Prediction Odds on Polymarket

The GENIUS Act, as expected, received a lot of publicity after its passage in the US Senate on Tuesday. This bill is meant to lay out rules for payment stablecoins. Polymarket, a favorite predictions market among Beltway gamblers, began taking bets on passage of the bill. According to the latest...

The GENIUS Act: Is This Crypto's Savior or a Corruption Catalyst?

The GENIUS Act: Is This Crypto's Savior or a Corruption Catalyst?

It sounds… well, too good, doesn't it? Like some crypto utopian scheme straight from a Silicon Valley startup, offering world peace through blockchain. But beneath the shiny veneer of "innovation" and "consumer protection," I see something far more unsettling: a potential accelerant for the very problems it claims to solve.Crypto's...

GENIUS Act Passes: Will It Save Crypto or Open Door to Corruption?

GENIUS Act Passes: Will It Save Crypto or Open Door to Corruption?

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...

GENIUS Act: A Bold Step Forward or Crypto's Regulatory Straitjacket?

GENIUS Act: A Bold Step Forward or Crypto's Regulatory Straitjacket?

The GENIUS Act. It’s here, it’s real and it’s about to drop on the House floor. Just think, only sixty-eight senators, both Republican and Democratic alike, voted yes. But is that a yes to innovation, full stop, or a yes to increased control, albeit in an innovated wrapper? Let's dissect...

Senate Passes GENIUS Act, Establishing Federal Stablecoin Regulations

Senate Passes GENIUS Act, Establishing Federal Stablecoin Regulations

We applaud the Senate’s progress on this issue by passing the bipartisan Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. They voted 63-30 on a bipartisan basis to create a federal regulatory framework for stablecoins. This truly historic legislation seeks to provide a framework that would introduce overdue...