The Senate passed a Stablecoins bill, leading to increased competition and momentum in the digital currency space.
2 reports, 0 independent
Updated Jun 24
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New informationRepeats or wire copies
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What happened
The Senate passed a Stablecoins bill, leading to increased competition and momentum in the digital currency space.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Banks, including JPMorgan Chase, are lobbying the Senate to ban yield-generating stablecoins, warning that such yields could cause a shadow banking crisis.Sub-event
- Senate passes Stablecoins bill, heightening competition and gaining momentum.
- Trump advocates for stablecoin bill passage; Coinbase seeks broader industry legislation.
Keep exploring
Part of
The House passed a crypto market structure bill while Trump championed federal stablecoin legislation awaiting Senate consideration.Also in this story
- Bitcoin rose while XRP underperformed, and Solana gained, coinciding with John Thune filing cloture on a bill supported by Trump.
- Trump expects stablecoin bill passage while Circle's IPO success accelerates accumulation.
The entities involved
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Senate
Upper house of South Korea
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
Related events
Coverage
Newest first; wire copies grouped- Unknown outlet
- Unknown outlet