Senate's New Stablecoin Draft Doesn't Target Trump's Crypto, Tweaks Big-Tech Approach

Senate's New Stablecoin Draft Doesn't Target Trump's Crypto, Tweaks Big-Tech Approach

The latest draft of the U.S. Senate's stablecoin legislation includes enough changes that Democratic senators may now have an easier time getting back on board, though consumer advocates say it still falls short.The bill to set oversight and standards for stablecoin issuers sailed through the Senate Banking Committee with wide bipartisan support in March, but it hit a wall on the Senate floor last week as many Democrats raised objections. Chief …

World Liberty Financial rebuts Senate Democrat’s probe into USD1 stablecoin and Trump’s crypto ties

World Liberty Financial said the core of its mission is to strengthen, not undermine the role of the U.S. dollar.

Trump-Linked Crypto Deal Blows Up GOP’s First Big Bil

Disruption Banking Trump-Linked Crypto Deal Blows Up GOP’s First Big Bil On Thursday, May 8th, the Senate voted to block the advancement of the GENIUS Act, a first-of-its-kind bill meant to solidify the regulatory framework for stablecoins. After losing support from several Democrats and three Republicans, the procedural motion received 49 votes for its advancement, 11 shy of the 60 needed.  The GENIUS Act (Guiding and […] Artykuł Trump-Linked C…