New York Attorney General Letitia James sounded the alarm on the U.S. Senate’s stablecoin bill, warning Congress on Monday that the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act — at least as it currently stands — “do[es] not contain the necessary guardrails to protect the American public.” In an eight-page […]
Global Dollar (USDG), a stablecoin issued by regulated fintech Paxos, and backed by a consortium of heavy hitters that includes Robinhood, Kraken and Mastercard, is being made available to consumers across the European Union, according to a press release on Tuesday. USDG is regulated by Europe’s Markets in Crypto-Assets (MiCA), the Finnish Financial Supervisory Authority […]