Senators urge Treasury ensure state authority in GENIUS application
A bipartisan group of US senators told the Treasury that its application of stablecoin laws should be done in a way that “preserves and promotes State participation.”
Category: GENIUS Act
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Stablecoin Regulation: FDIC Announces New Proposed AML Rules For Issuers
As crypto regulations continue to take shape in the US, the Federal Deposit Insurance Corporation (FDIC) has issued a notice of proposed rulemaking to extend Bank Secrecy Act (BSA) and economic sanctions compliance standards to FDIC-supervised Permitted Payment Stablecoin Issuers (PPSIs). The move aims to bring digital asset issuers further within the compliance architecture that […]
Stablecoin Rules Face 144 Questions In New FDIC Proposal
The public has 60 days to weigh in. That’s how much time the Federal Deposit Insurance Corporation is giving Americans to respond to its newly proposed framework for regulating stablecoin issuers — a plan built around 144 specific questions the agency wants answered before it finalizes anything. Related Reading: Bitcoin Caught In The Crossfire As […]
US Billionaire Backs Stablecoins To Take Over Payment Systems – Details
American billionaire and investor Stanley Druckenmiller has postulated that stablecoins will play a central role in the US payments system in the next decade. However, the philanthropist and former hedge fund manager remains skeptical about regular cryptocurrency. Related Reading: Trump Memecoin Dangles Mar-A-Lago Access As Token Price Spikes 34% Stablecoins Drive Productivity, Druckenmiller Says In […]
Banking Giant Barclays Considers Blockchain Payment Platform – Details
Prominent British multinational bank Barclays Plc is exploring the development of a blockchain platform to support payments, signaling a deeper push by traditional finance lenders into digital-asset technology. Notably, the move places Barclays alongside global rivals that are racing to modernize payment infrastructure amid rising adoption of blockchain products, especially stablecoin. Related Reading: ‘Making Bitcoin […]
Tether To Terminate Offshore Yuan (CNH₮) Operations – Here’s Why
Stablecoin operator Tether has announced its decision to discontinue support for its offshore Chinese Yuan token CNH₮. The USDT operator has attributed this development to a lack of market demand, among other points. Related Reading: Stablecoin Yield ‘Effectively Off The Table’: White House Narrows Rewards Debate In Latest Meeting Tether To Terminate CNH₮ Redemption In […]
Why This Pundit Believes That XRP Holders Will Become Millionaires And Billionaires
A pundit has stirred conversation in the crypto community by suggesting that XRP holders could see unprecedented wealth, potentially reaching millionaire or billionaire status. He cites the evolving crypto regulatory landscape in the United States (US) and XRP’s potential to play a significant financial role in the economy, which could drive strong demand and value […]
Stablecoin Laws ‘Coming This Month,’ FDIC Acting Chair Reveals
According to prepared testimony from Acting FDIC Chair Travis Hill, the agency expects to publish a proposed rule that lays out how stablecoin issuers will apply for federal oversight before the end of December 2025. Related Reading: Bitcoin Reflects Energy As The ‘True Currency,’ Elon Musk Says What The Draft Will Cover Based on reports, […]
Tether Projected To Hit $15 Billion Profit In 2025 – Report
Tether, issuer of the USDT stablecoin, expects to report a net profit of $15 billion at the end of 2025. This projection comes amid a favorable crypto regulatory environment in the United States, driving interest in stablecoins and other digital assets. Related Reading: Tether Mints Another 1B USDT – $7B in Stablecoins Issued Since The […]
US Treasury Seeks Public Comment On Implementation Of GENIUS Act – Details
The United States Treasury Department has opened a request for public comment on the implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The GENIUS Act, signed into US law in July, was designed to provide a regulatory framework for stablecoin issuers. This latest call for public input comes exactly a […]