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...
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...
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....
Senate Democrats are calling on the Department of Justice (DOJ) to reestablish a specialized unit that investigates and prosecutes crimes involving cryptocurrency. Advocates and allies of this important tool are right to sound the alarms over its proposed dismantling. Without it, they contend, illicit actors operate with impunity and the...
