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Tag: GENIUS Act

Senate Gives Green Light to Landmark Stablecoin Bill: A Crypto Industry Victory?

Senate Gives Green Light to Landmark Stablecoin Bill: A Crypto Industry Victory?

Senate Gives Green Light to Landmark Stablecoin Bill: A Crypto Industry Victory? In a significant bipartisan victory for the cryptocurrency industry, the Senate passed the GENIUS Act on Tuesday, paving the way for a federal regulatory framework for stablecoins – digital currencies pegged to the US dollar. The 68-30 vote marks a crucial step towards legitimizing the burgeoning digital asset market. The bill allows private companies to issue their own stablecoins, potentially revolutionizing the financial landscape. However, the path to…

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Senate Passes Landmark Crypto Bill; Political Violence, Arrests, and Legal Battles Dominate Headlines

Senate Passes Landmark Crypto Bill; Political Violence, Arrests, and Legal Battles Dominate Headlines

Senate Passes Landmark Crypto Bill; Political Violence, Arrests, and Legal Battles Dominate Headlines The Senate passed the GENIUS Act, establishing the first US regulatory framework for stablecoins. This bipartisan bill (68-30) aims to solidify the US dollar’s dominance in the crypto market and protect consumers. Meanwhile, the political landscape is turbulent. The assassination of a Minnesota state legislator and the wounding of another sparked concerns about the lack of security for state lawmakers. This incident fueled calls for increased protection…

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