WASHINGTON, D.C. — As many as 16 Democrats may vote in favor of the Senate’s stablecoin bill when it gets to its final set of votes in the legislative body, Arizona Senator Ruben Gallego said Thursday. The “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025” (GENIUS) Act faced headwinds last month after Gallego […]
Despite recent setbacks, U.S. legislation to regulate stablecoin issuers may be heading toward debate and passage next week, according to the backers of the bill known as the “Guiding and Establishing National Innovation for U.S. Stablecoins” (GENIUS) Act. “Next week, the Senate will make history when we debate and pass the GENIUS Act that establishes […]
U.S. Deputy Attorney General Todd Blanche is under fire from Senate Democrats following his recent decision to narrow the Department of Justice’s (DOJ) crypto enforcement priorities and disband its crypto enforcement squad. In a Thursday letter to Blanche, six Senate Democrats — Sens. Mazie Hirono (D-Hawaii), Elizabeth Warren (D-Mass.), Dick Durbin (D-Ill.), Sheldon Whitehouse (D-R.I), […]
Paul Atkins is just one oath away from taking over the U.S. Securities and Exchange Commission as President Donald Trump’s pick to oversee the nation’s securities sector — including whatever role the crypto sector plays in that. A swearing-in ceremony will soon put the former SEC commission in charge of the high-profile regulator — a […]