
Congress on verge of making regulated dollar stablecoins act almost like digital cash
The GENIUS act has already defined what a legal payment stablecoin looks like. Now lawmakers are trying to make those digital dollars practical to use.
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Circle says freezes should follow lawful process. Tether is proving the appeal of fast intervention. After Drift and Rhea, stablecoin users may care more about stopping thieves than old crypto slogans.

Nomura’s latest survey suggests Japanese institutions trust stablecoins issued by major financial institutions most, a potential hurdle for RLUSD even in a market where XRP has long enjoyed unusual traction.

A new SEC staff statement gives certain wallet-linked crypto trading interfaces a narrow way to operate without broker registration, while leaving most DeFi protocols and tokenized markets stuck waiting on Congress.

The report’s own projections show the ban barely nudges bank lending while putting stablecoin innovation and consumer yields on the line.

Coinbase’s Brian Armstrong just flipped back to support after a Treasury push, yet Senate Banking still hasn’t moved.

The same agency that pointed to crypto enforcement as proof of its toughness in late 2024 is now holding up those cases as evidence of institutional overreach.



