The GENIUS Act mandates full reserve backing for stablecoins and opens the door for banks and retailers to issue tokens under ...

The bill, which recently cleared a key procedural hurdle on the 19th of May, is now under intense scrutiny as lawmakers struggle with over 60 proposed amendments.

The U.S. Senate has passed the GENIUS Act, the first federal stablecoin bill, establishing dollar-backed reserves and ...

Elizabeth Warren has urged closing a GENIUS Act wallet exemption, which she says may let Trump profit from stablecoins, ...

Democrats had sought to amend the bill to prohibit the president from profiting from a stablecoin venture while in office, but ended up backing down.

Supporting the GENIUS Act, a crypto industry-backed bill that ostensibly regulates “stablecoins,” is a political and economic mistake. At this moment of deep political division, bold ideas to ...

Fairshake PAC Steps Up Pressure for Clearer Crypto Rules As legislative sponsors rally to refine the GENIUS Act, the crypto industry’s political arm, Fairshake Super PAC, is ramping up pressure ...

The crypto-focused GENIUS Act advanced in a procedural vote in the ... President Donald Trump's crypto dealings, which have drawn scrutiny on both sides of the aisle. While some Democrats ...

However, even these stablecoins continue to face scrutiny regarding ... with its strong political and institutional backing, may benefit significantly as the GENIUS Act moves forward.

Elon Musk’s alleged effort to integrate stablecoin payments into X through “X Money” faces mounting pressure as his public feud with Donald Trump escalates. As ...