Crypto Lobby Pushes Back Against Bank Effort to Rewrite U.S. Stablecoin Law
Industry groups said repealing key provisions of the GENIUS Act would stifle competition and deny consumers meaningful choice.
Stablecoins
Ripple’s Global Co-Head of Policy on Four Best Practices for Digital Asset Custody
Ripple distills a Singapore workshop into four custody best practices: compliance by design, tailored models, operational resilience and governance.
Bullish’s $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market
Stablecoins used in the settlement include dollar- and euro-pegged tokens of Circle, Paxos, PayPal, Ripple and Societe Generale, among others.
U.S. Treasury Department Starts Work on GENIUS, Gathering Views on Illicit Activity
The new stablecoin law called for the Treasury engagement on detecting illicit crypto activity, so the department is opening a comment period.
Most Illicit On-Chain Activity Now Involves Stablecoins: FATF
Mass adoption of stablecoins will amplify illicit finance risks, particularly when it is handled unevenly across difference jurisdictions, the FATF said
Stablecoins to Become Cash Layer of Internet Once GENIUS Act Is Law: Bernstein
The Senate’s GENIUS Act, a key piece of U.S. stablecoin regulation, is to be voted on this week and should be passed into law in the next few months, Wall Street broker Bernstein said in a research report Monday. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major […]
Deutsche Bank Considers Stablecoin or Joining Industry-Led Initiative, Exec Says
The bank is also weighing a tokenized deposit system to make payments more efficient, as regulatory clarity and pending legislation accelerate stablecoin adoption.
Stablecoin Bills in House and Senate Still Need to Mesh on Several Points: French Hill
The U.S. crypto bills are similar but must work out matters of acceptable foreign oversight, who regulates in the U.S. and on Big Tech issuers, the top lawmaker said.
UK’s FCA Seeks Views on Stablecoins, Crypto Custody to Prevent Firm Failures
The country’s market regulator’s proposed rules are meant to ensure stablecoins maintain their value and seek to reduce the likelihood of stablecoin and crypto custody companies failing.
Conduit Raises $36M to Expand Stablecoin-Based Cross-Border Payments Beyond SWIFT
Stablecoins are one of the fastest-growing sectors in crypto and an increasingly popular tool for global payments, attracting interest from venture capital investments.