Donald Trump urges swift GENIUS Act passage to dominate digital asset space
The GENIUS Act's swift progress seen as key to reinforcing the dollar's global influence through stablecoins.
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The GENIUS Act's swift progress seen as key to reinforcing the dollar's global influence through stablecoins.
Oluwapelumi Adejumo 2 min read
The Ohio Blockchain Basics Act proposes tax-free Bitcoin payments under $200 as Ohio positions itself as a crypto regulation pioneer.
Senate's approval of the GENIUS Act could position stablecoin issuers as leading holders of US Treasuries by 2030.
Scott Bessent said predictions that stablecoins will reach $3.7 trillion market cap by 2030 become more likely with a GENIUS Act approval.
Senate advances GENIUS Act with a 68-30 vote, moving closer to final passage after months of debate.
Paul Krugman believes that the ‘only economic reason’ to use stablecoins is that they ‘facilitate criminal activity.’
The proposal also establishes a four-year safe harbor for primary token offerings if the underlying network reaches mature status and the total raise stays below $75 million during any 12-month window.
The Texas Bitcoin reserve bill progresses with extended asset qualification period and removal of staking clause.
Lummis added that pairing domestic crypto mining with federal accumulation would give Washington a “geopolitical advantage.”
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