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Cynthia Lummis said she expects the CLARITY Act and GENIUS Act to pass through Congress and be ready for the president’s signature by the end of the year. Wyoming Senator Cynthia Lummis said she expects Congress to pass two pieces of crypto legislation related to stablecoins and market structure “before the end of this calendar…
The bill passed without amendments to address Donald Trump’s connections to World Liberty Financial’s stablecoin, which many Democrats had been calling for. The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, is one step closer to becoming law in the US after the US Senate voted to pass an amended version of…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, US stablecoin legislation moves closer to a Senate vote. Meanwhile, Ukraine eyes adding cryptocurrencies to its national reserves, and a proposed Bitcoin software update…
An increase in leverage use and favorable regulatory changes could trigger an XRP rally to $3.50 and above. Key takeaways: The SEC’s decision on a spot XRP ETF could ignite a significant rally. The current $2.2 billion in XRP futures hints at growing institutional investor demand. Read more If you liked the article, do not…
The Senate is moving ahead on crypto regulation, and some senators have invested in crypto-related companies. As the question of stablecoin regulation heats up in the US Senate, so has the issue of which members are personally invested in cryptocurrencies and cryptocurrency firms. On May 19, the Senate voted to invoke cloture and move ahead…
The recent vote in the Senate to move the GENIUS stablecoin framework ahead has shown glaring cracks in the Democratic coalition. US Senate Democrats are getting flak after they helped move stablecoin legislation ahead for discussion on the Senate floor. On May 19, 16 Democratic senators broke from the party line to pass a motion…
The Kids Online Safety Act (KOSA) has been reintroduced into Congress. If passed into law, this bill could impose some of the most significant legislative changes that the internet has seen in the U.S. since the Children’s Online Privacy Protection Act (COPPA) of 1998. As it currently stands, KOSA would be able to hold social…
Wyoming Senator Cynthia Lummis reportedly said the reward for Donald Trump’s memecoin holders “gives [her] pause” while cozying up to the president’s Bitcoin reserve plan. Senator Cynthia Lummis and at least one other Republican in Congress are reportedly critical of US President Donald Trump for offering the top holders of his memecoin a dinner and…
The House of Representatives and Senate are considering two bills to regulate payment stablecoins with federal and state-level authorities. Ivan Soto-Wright, CEO of cryptocurrency payment firm MoonPay, is calling on US lawmakers to leave a path open to state-level regulators when passing legislation on stablecoins. In an April 18 X post, Soto-Wright said he wanted…
Representative Maxine Waters suggested that any stablecoin bills in Congress should receive no support unless Republicans address Donald Trump’s conflicts of interest. California Representative Maxine Waters, ranking member of the US House Financial Services Committee, used her opening statement at a markup hearing to criticize President Donald Trump’s business and ethical entanglements with the crypto…