The Federal Reserve proposed requiring stablecoin issuers to verify customer identities before account opening or direct token redemption, extending bank-style anti-money laundering standards to stablecoins.
At a Glance
The GENIUS Act in the U.S. gave private stablecoin issuers a legal framework while stalling a government issued CBDC.
Tether, issuer of USDT,...
As the Genius Act solidifies a Treasury-backed stablecoin world, Bitcoin's decentralized network positions it as the superior blockchain for global adoption, countering declining demand for U.S. bonds in a multipolar world.
The U.S. Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 394) by a vote of 68-30, establishing...
Senators and key figures from the crypto industry discuss all things stablecoins at the first-ever hearing hosted by the newly-established Senate Banking Subcommittee on Digital Assets.
