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.
Senate's approval of the GENIUS Act could position stablecoin issuers as leading holders of US Treasuries by 2030.
The JPMD, registered on June 16, represents a claim on deposits held at the bank and differs from stablecoins that rely on segregated securities reserves.
Scott Bessent said predictions that stablecoins will reach $3.7 trillion market cap by 2030 become more likely with a GENIUS Act approval.
Coinbase looking to secure SEC's blessing as it ventures into blockchain-based equities.
Circle's shares have seen a 400% post-IPO surge amid strong investor demand for exposure to the stablecoin market.
Senator Warren claims GENIUS Act loophole poses risks, while experts argue strong safeguards exist.