Legislation
Ohio passes blockchain bill allowing $200 tax-free Bitcoin payments
The Ohio Blockchain Basics Act proposes tax-free Bitcoin payments under $200 as Ohio positions itself as a crypto regulation pioneer.
Oluwapelumi Adejumo 2 min read
Legislation News
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US Senate approves landmark GENIUS Act for stablecoin regulation
Senate's approval of the GENIUS Act could position stablecoin issuers as leading holders of US Treasuries by 2030.
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Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act
Scott Bessent said predictions that stablecoins will reach $3.7 trillion market cap by 2030 become more likely with a GENIUS Act approval.
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Senate’s 68-30 cloture vote speeds GENIUS Act toward simple majority passage
Senate advances GENIUS Act with a 68-30 vote, moving closer to final passage after months of debate.
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Nobel prize-winning economist says ‘stablecoins don’t serve any clearly useful function ’; Coinmetrics co-founder disagrees
Paul Krugman believes that the ‘only economic reason’ to use stablecoins is that they ‘facilitate criminal activity.’
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Bipartisan lawmakers roll out CLARITY Act, shift crypto spot rule to CFTC
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.
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The Texas Bitcoin reserve bill progresses with extended asset qualification period and removal of staking clause.
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Senator Lummis says US military generals support strategic Bitcoin reserve
Lummis added that pairing domestic crypto mining with federal accumulation would give Washington a “geopolitical advantage.”
Stablecoins
Tether to issue separate stablecoin for U.S. despite ‘getting comfortable’ with the Genius Act, CEO says
Tether's CEO said USDT will remain focused on the unbanked outside U.S. while the separate stablecoin will serve the U.S. market.
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Texas governor Greg Abbott gestures support for Bitcoin reserve bill
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