Tag #Stablecoins

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npr.org

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Jul 19, 16:13

GENIUS Act: US Passes First Major Cryptocurrency Legislation

President Trump signed the GENIUS Act into law, establishing regulations for stablecoins and marking a significant shift in U.S. cryptocurrency policy; the CLARITY Act, which would transfer regulatory oversight to the CFTC, is awaiting Senate approval.

GENIUS Act: US Passes First Major Cryptocurrency Legislation

President Trump signed the GENIUS Act into law, establishing regulations for stablecoins and marking a significant shift in U.S. cryptocurrency policy; the CLARITY Act, which would transfer regulatory oversight to the CFTC, is awaiting Senate approval.

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How did lobbying efforts by the crypto industry influence the development and passage of the GENIUS Act?

The GENIUS Act's passage reflects a shift in U.S. policy towards cryptocurrencies, moving from a hands-off approach to active regulation. This follows significant lobbying efforts by the crypto industry, which spent over $100 million in Congressional races last year. The act mandates reserves and transparency for stablecoin companies and establishes anti-money laundering rules.

dw.com

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Jul 19, 07:10

Trump Signs Law Regulating Stablecoins Amidst Crypto Industry's Political Influence

US President Trump signed the GENIUS Act, establishing a regulatory framework for stablecoins, requiring them to be backed by liquid assets and pegged to the US dollar; the crypto industry donated over \$245 million to pro-crypto candidates in the last election, and critics express concern about ins...

Trump Signs Law Regulating Stablecoins Amidst Crypto Industry's Political Influence

US President Trump signed the GENIUS Act, establishing a regulatory framework for stablecoins, requiring them to be backed by liquid assets and pegged to the US dollar; the crypto industry donated over \$245 million to pro-crypto candidates in the last election, and critics express concern about ins...

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What are the immediate consequences of the GENIUS Act's passage for the use and regulation of stablecoins in the US?

The GENIUS Act, signed into law by President Trump, establishes a regulatory framework for stablecoins, aiming to facilitate their use in payments and money transfers. This follows a significant political push by the crypto industry, which contributed over \$245 million to pro-crypto candidates in the last election. The act mandates that stablecoins maintain a 1:1 peg to the US dollar and be backed by liquid assets.

theglobeandmail.com

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Jul 19, 01:14

GENIUS Act Creates Stablecoin Regulatory Framework

President Trump signed the GENIUS Act, creating a regulatory framework for stablecoins, potentially expanding their market value to \$2 trillion by 2028 and increasing demand for U.S. Treasury bills, despite concerns about big tech influence and anti-money laundering.

GENIUS Act Creates Stablecoin Regulatory Framework

President Trump signed the GENIUS Act, creating a regulatory framework for stablecoins, potentially expanding their market value to \$2 trillion by 2028 and increasing demand for U.S. Treasury bills, despite concerns about big tech influence and anti-money laundering.

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Decent Work and Economic Growth

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How might the GENIUS Act affect the U.S. Treasury bill market and what are the potential risks?

The Act, passed with bipartisan support, requires stablecoins to be backed by liquid assets and mandates monthly reserve disclosures. This aims to enhance credibility and encourage wider adoption by banks and consumers, potentially increasing demand for U.S. Treasury bills.

forbes.com

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Jul 18, 07:14

GENIUS Act Passage: A Landmark Moment for Crypto

The U.S. House approved the GENIUS Act, a landmark decision potentially boosting the crypto market by reducing regulatory uncertainty and attracting institutional investment; analysts predict increased retail and institutional interest, impacting U.S. Treasuries.

GENIUS Act Passage: A Landmark Moment for Crypto

The U.S. House approved the GENIUS Act, a landmark decision potentially boosting the crypto market by reducing regulatory uncertainty and attracting institutional investment; analysts predict increased retail and institutional interest, impacting U.S. Treasuries.

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Industry, Innovation, and Infrastructure

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What is the immediate impact of the GENIUS Act's passage on the cryptocurrency market and investor sentiment?

The U.S. House of Representatives' approval of the GENIUS Act marks a significant regulatory shift for stablecoins, potentially boosting investor confidence and market momentum. Major financial institutions are already showing interest, signaling a broader acceptance of digital assets.

forbes.com

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Jul 18, 01:12

House Passes Three Crypto Bills After GOP Holdouts Delay

The House passed three cryptocurrency bills—the GENIUS Act for stablecoin regulation, the Anti-CBDC Act banning a Fed digital currency, and the Digital Asset Market Clarity Act—after a nine-hour delay caused by 13 Republican holdouts who initially blocked the legislation despite President Trump's su...

House Passes Three Crypto Bills After GOP Holdouts Delay

The House passed three cryptocurrency bills—the GENIUS Act for stablecoin regulation, the Anti-CBDC Act banning a Fed digital currency, and the Digital Asset Market Clarity Act—after a nine-hour delay caused by 13 Republican holdouts who initially blocked the legislation despite President Trump's su...

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What immediate impact will the passage of the GENIUS Act have on the stablecoin market and investor confidence?

The House approved three crypto bills: the GENIUS Act regulating stablecoins, the Anti-CBDC Act prohibiting a Fed-issued digital currency, and the Digital Asset Market Clarity Act dividing regulatory jurisdiction between the CFTC and SEC. These passed after a nine-hour delay caused by 13 Republican holdouts who initially blocked the legislation, defying President Trump's support for the bills.

cnn.com

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Jul 18, 01:11

House Passes Bipartisan Stablecoin Bill After Record Vote

The US House passed the bipartisan GENIUS Act, regulating stablecoins by requiring compliance with anti-money-laundering and sanctions rules; its passage followed negotiations with President Trump after a record-breaking House vote and Republican objections to the bill's lack of a central bank digit...

House Passes Bipartisan Stablecoin Bill After Record Vote

The US House passed the bipartisan GENIUS Act, regulating stablecoins by requiring compliance with anti-money-laundering and sanctions rules; its passage followed negotiations with President Trump after a record-breaking House vote and Republican objections to the bill's lack of a central bank digit...

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What are the immediate implications of the House's passage of the GENIUS Act on the regulation of stablecoins in the US?

The US House passed the GENIUS Act, a bipartisan bill regulating stablecoins, with a 308-122 vote. This first-of-its-kind legislation requires stablecoin issuers to comply with US anti-money-laundering and sanctions rules, aiming to make America a leader in digital assets. President Trump, who urged Republicans to support the bill, is expected to sign it into law.

abcnews.go.com

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Jul 19, 10:12

Trump Signs GENIUS Act, Regulating Stablecoins Amidst Ethical Concerns

President Trump signed the GENIUS Act, establishing new regulations and consumer protections for stablecoins, boosting the crypto industry's political influence and aiming to make the U.S. the global leader in the crypto market, though raising ethical questions due to his family's involvement in the...

Trump Signs GENIUS Act, Regulating Stablecoins Amidst Ethical Concerns

President Trump signed the GENIUS Act, establishing new regulations and consumer protections for stablecoins, boosting the crypto industry's political influence and aiming to make the U.S. the global leader in the crypto market, though raising ethical questions due to his family's involvement in the...

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How did the cryptocurrency industry's political engagement influence the passage of the GENIUS Act?

The GENIUS Act's passage reflects the crypto industry's growing political influence, achieved through substantial campaign donations and lobbying. Trump's support, despite past skepticism, underscores the industry's strategic political engagement and its potential for economic impact.

nbcnews.com

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Jul 19, 04:14

Crypto Bills Pass Congress, Raising Concerns About Consumer Protection and Conflicts of Interest

The GENIUS, CLARITY, and Anti-CBDC Surveillance State Acts, which received key Congressional support, impact cryptocurrency regulation, stablecoin issuance, and the potential for a central bank digital currency, raising concerns about consumer protection and conflicts of interest.

Crypto Bills Pass Congress, Raising Concerns About Consumer Protection and Conflicts of Interest

The GENIUS, CLARITY, and Anti-CBDC Surveillance State Acts, which received key Congressional support, impact cryptocurrency regulation, stablecoin issuance, and the potential for a central bank digital currency, raising concerns about consumer protection and conflicts of interest.

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What are the immediate economic consequences of the three crypto bills' passage, particularly the GENIUS Act, and what are its potential global impacts?

Three crypto bills, including the GENIUS Act, recently passed with key support in Congress, leading to record highs for major crypto tokens like Bitcoin. The GENIUS Act specifically regulates stablecoins, creating a framework for private issuance but raising concerns about consumer protection and potential conflicts of interest due to the Trump Organization's involvement in a stablecoin company.

cnnespanol.cnn.com

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Jul 18, 04:11

House Passes Bipartisan Stablecoin Bill, GENIUS Act

The US House passed the bipartisan GENIUS Act, regulating stablecoins by requiring anti-money laundering and sanctions compliance from issuers; the bill passed 308-122 after overcoming initial Republican opposition over the absence of a central bank digital currency (CBDC) ban, which will be address...

House Passes Bipartisan Stablecoin Bill, GENIUS Act

The US House passed the bipartisan GENIUS Act, regulating stablecoins by requiring anti-money laundering and sanctions compliance from issuers; the bill passed 308-122 after overcoming initial Republican opposition over the absence of a central bank digital currency (CBDC) ban, which will be address...

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What is the immediate impact of the House's approval of the GENIUS Act on the stablecoin market and US regulatory landscape?

The US House of Representatives passed the bipartisan GENIUS Act, the first legislation regulating stablecoins, with a 308-122 vote. The bill, now headed to the President's desk for signature, establishes anti-money laundering and sanctions compliance requirements for stablecoin issuers. Initial Republican opposition, primarily from the Freedom Caucus, was overcome through negotiations.

bbc.com

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Jul 18, 04:11

US Passes First National Cryptocurrency Legislation

The US Congress passed the Genius Act, a landmark cryptocurrency bill establishing a regulatory framework for stablecoins, requiring a one-to-one backing with US dollars or low-risk assets; President Trump is expected to sign it into law on Friday.

US Passes First National Cryptocurrency Legislation

The US Congress passed the Genius Act, a landmark cryptocurrency bill establishing a regulatory framework for stablecoins, requiring a one-to-one backing with US dollars or low-risk assets; President Trump is expected to sign it into law on Friday.

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What are the immediate implications of the US passing its first major national cryptocurrency legislation, specifically regarding stablecoin regulation?

The US Congress passed the Genius Act, the nation's first major cryptocurrency legislation, establishing a regulatory framework for stablecoins. This landmark bill, backed by President Trump, mandates that stablecoins maintain a one-to-one backing with US dollars or low-risk assets.

forbes.com

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Jul 18, 01:12

US Web3 Healthcare Legislation Boosts Innovation, Protects Privacy

Recent U.S. legislation—the GENIUS, CLARITY, and Anti-CBDC Surveillance State Acts—is creating a more favorable regulatory environment for blockchain-based healthcare innovations, boosting development of tokenized incentive systems and protecting patient privacy.

US Web3 Healthcare Legislation Boosts Innovation, Protects Privacy

Recent U.S. legislation—the GENIUS, CLARITY, and Anti-CBDC Surveillance State Acts—is creating a more favorable regulatory environment for blockchain-based healthcare innovations, boosting development of tokenized incentive systems and protecting patient privacy.

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Good Health and Well-being

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How do the provisions of the CLARITY Act specifically affect the regulatory environment for tokens used in healthcare-related transactions?

These acts collectively aim to create a supportive environment for blockchain-based healthcare innovations. The GENIUS Act's focus on stablecoins directly addresses the need for secure financial mechanisms in healthcare, while the CLARITY Act reduces regulatory hurdles for tokens used in health data transactions. The Anti-CBDC Act safeguards patient privacy, a crucial factor for wider adoption of decentralized health technologies.

npr.org

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Jul 18, 01:12

U.S. Passes First Major Crypto Bill: GENIUS Act Sets Stablecoin Regulations

The U.S. House passed the GENIUS Act, establishing regulations for stablecoins, 308-122, following intense lobbying and President Trump's intervention; the bill now heads to his desk for signature.

U.S. Passes First Major Crypto Bill: GENIUS Act Sets Stablecoin Regulations

The U.S. House passed the GENIUS Act, establishing regulations for stablecoins, 308-122, following intense lobbying and President Trump's intervention; the bill now heads to his desk for signature.

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What is the significance of the U.S. Congress passing the GENIUS Act, and what immediate impacts will it have on the financial sector?

The U.S. Congress passed the GENIUS Act, establishing the first federal regulations for stablecoins. This landmark bill, passed 308-122, will likely reshape the financial landscape by formalizing rules for these digital currencies and impacting the way money is transferred globally. President Trump played a key role in its passage.

Showing 25 to 36 of 95 results