The Senate passed the Genius Act, providing regulatory clarity for stablecoins.
7 reports, 1 independent
Updated Jul 21
Gone quiet
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- 7
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- 4
- Repetition
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New informationRepeats or wire copies
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What happened
The Senate passed the Genius Act, providing regulatory clarity for stablecoins.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Mayer Brown is analyzing the proposed stablecoin rules under the GENIUS Act.Sub-event
- Companies are making forays into the digital currency industry amid a rally in financial services following the passage of the GENIUS Act.Sub-event
- Senate successfully passed the Genius Act for stablecoins.
- The GENIUS Act requires the bill to clear the House of Representatives after the Senate successfully passed it, impacting Circle.
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.
- The Administration is seeking to advance the crypto market bill.
The entities involved
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Circle
peer-to-peer payments technology company
- Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.
- Hana Bank is participating in a settlement network trial involving the Bank of Korea, while Binance announces a $100M investment to promote Circle's USDC.
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Senate
Upper house of South Korea
Related events
Coverage
Newest first; wire copies grouped- nigeriasun.com
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