In a landmark move, the US Senate has advanced the GENIUS Act, a bill aimed at creating a federal regulatory framework for stablecoins — a class of cryptocurrencies pegged to traditional assets like the US dollar. The measure passed a procedural vote 66–32 on Monday, overcoming weeks of political gridlock and signaling a major shift
Unless you are super into cryptocurrency, it’s really easy to tune out crypto news — just like you tune out your cousin who spends family get-togethers bragging about all the money he’s making from Bitcoin. But you might want to actually pay attention to the piece of crypto news that came out of the U.S.
Photo by MLADEN ANTONOV/AFP via Getty Images AFP via Getty Images Crypto has long thrived in the gray zone between innovation and oversight. As US policymakers push for structure, the industry faces a moment that could unlock scale, capital, and global relevance. Following multiple conversations with industry leaders and perspectives from my work with the
BERLIN, GERMANY – JANUARY 25: In this photo illustration model coins of the cryptocurrencies … More ethereum, ripple, litecoin and bitcoin lie on a circuit board of a computer. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images) Photothek via Getty Images In May 2024, prospects for the United States becoming a global innovation center for
Senate Banking Committee Chair Tim Scott tackles Hagerty’s GENIUS stablecoin legislation despite … [+] Senator Elizabeth Warren’s pushback. CQ-Roll Call, Inc via Getty Images The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) took a major step toward becoming law after passing the Senate Banking Committee in a bipartisan 18-6 vote. Sponsored
Senate Banking Committee Chair Tim Scott tackles Hagerty’s GENIUS stablecoin legislation despite … [+] Senator Elizabeth Warren’s pushback. CQ-Roll Call, Inc via Getty Images The Guiding and Establishing National Innovation for U.S. Stablecoins Act, called the GENIUS Act, took a major step toward becoming law this week after passing the Senate Banking Committee in a