US CRYPTOCURRENCY LEGISLATION
Road to a $3.7 trillion Stablecoin market is full of obstacles
Stablecoins are on the brink of mainstream adoption, with the US Senate advancing legislation and major firms like PayPal and Amazon eyeing them for payments. Yet, regulatory uncertainty, low liquidity, and compliance gaps threaten the projected $3.7 trillion market growth. Adoption hinges on clarity, interoperability, and addressing real-world payment complexities.
Circle, Coinbase shares soar as Senate clears path for stablecoin regulation
Circle shares closed up 33.8%. Coinbase ended 16% higher, while commission-free brokerage Robinhood, which offers crypto trading, gained 4.5%. The Republican-controlled House of Representatives must pass its version of the bill, known as the GENIUS Act, before it heads to President Donald Trump for approval.
Circle, Coinbase shares soar as Senate clears path for stablecoin regulation
Circle shares closed up 33.8%. Coinbase ended 16% higher, while commission-free brokerage Robinhood, which offers crypto trading, gained 4.5%. The Republican-controlled House of Representatives must pass its version of the bill, known as the GENIUS Act, before it heads to President Donald Trump for approval.
Stablecoins' m-cap surges to a record $251 billion
Stablecoins' market capitalization reached a record $251.7 billion following the US Senate's approval of a bill to regulate the sector. This legislation, requiring stablecoins to be backed by liquid assets and issuers to disclose reserves monthly, aims to legitimize the growing crypto segment. Analysts anticipate further market expansion upon the bill's enactment.
Crypto bonanza as Senate approves GENIUS Bill, ushering in new era of federal stablecoin regulation
The US Senate has approved the GENIUS Act. It sets rules for stablecoins. The bill requires full reserve backing and monthly audits. It allows various firms to launch stablecoins. Senator Bill Hagerty calls it a move to modernize finance. The digital asset industry invested heavily in this Congress. The Act now goes to the House for further discussion.
Senate Passes Cryptocurrency Bill, Handing Industry a Victory
The Senate has passed the GENIUS Act, establishing a regulatory framework for stablecoins, marking a significant policy shift for the cryptocurrency industry. This bipartisan approval, driven by extensive lobbying, aims to legitimize the sector, though some Democrats express concerns over insufficient oversight and anti-corruption measures.
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US Senate passes stablecoin bill in milestone for crypto industry
Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years, and proponents say that they could be used to send payments instantly.
Why stablecoins are gaining popularity
Stablecoins -- a form of cryptocurrency backed by traditional assets -- are gaining traction, with the US Senate set to vote Tuesday on a bill to regulate such digital tokens. Another possibility is that a loss of trust in the stablecoin may ripple beyond the crypto world, hitting the assets that back these tokens.
Senate expected to pass crypto bill without addressing Trump's investments
Eighteen Democratic senators have shown support for the legislation as it has advanced, siding with the Republican majority in the 53-47 Senate. If passed, it would become the second major bipartisan bill to advance through the Senate this year, following the Laken Riley Act on immigration enforcement in January. Still, most Democrats oppose the bill. They have raised concerns that the measure does little to address President Donald Trump's personal financial interests in the crypto space.
Senate expected to pass crypto bill without addressing Trump's investments
Eighteen Democratic senators have shown support for the legislation as it has advanced, siding with the Republican majority in the 53-47 Senate. If passed, it would become the second major bipartisan bill to advance through the Senate this year, following the Laken Riley Act on immigration enforcement in January. Still, most Democrats oppose the bill. They have raised concerns that the measure does little to address President Donald Trump's personal financial interests in the crypto space.
Coinbase adds former top Obama and Harris adviser Plouffe as it broadens its political reach
David Plouffe, a top Democratic strategist best known as an architect of Barack Obama's successful 2008 presidential campaign, is the latest addition to the council, joining as the cryptocurrency industry plays an increasingly prominent role in shaping fast-moving legislation in Congress.
Democrats are drawing closer to the crypto industry despite Trump divisions
As Trump embraces crypto, hosting investors and backing a pro-industry agenda, Democrats face internal division over regulating digital assets. While some support the bipartisan GENIUS Act, others criticise its exclusion of presidential profit restrictions. Meanwhile, crypto lobbying surges, reshaping political power and influencing upcoming elections through massive campaign spending.
Buyer with ties to Chinese Communist Party got VIP treatment at Trump crypto dinner
Trump launched a so-called meme coin, a type of cryptocurrency, just days before his inauguration. To bolster sales, the president's business partners created a contest in April, offering the coin's top buyers a tour of the White House and a private dinner with Trump at his Virginia golf club. The meme coin dinner engendered strong criticism from Democrats, government watchdogs and even some Republicans about the appearance of monetising the presidency for personal gain.
Stablecoin bigwig Circle soars in debut on the New York Stock Exchange
Circle, issuer of the USDC stablecoin, made a strong debut on the New York Stock Exchange, with shares soaring to over $96 before closing at $83.23. The IPO reflects high investor interest amid rising stablecoin competition and regulatory efforts in the US. Circle boasts $25 trillion in transaction volume.
New York Stock Exchange latest update: Stablecoin issuer Circle is now live on NYSE. Check symbol, share price
Stablecoins are a fast-growing corner of the cryptocurrency industry that offer a buffer against volatility because they are pegged to real-world assets, like U.S. dollars or gold.
Circle CRCL IPO sparks crypto’s game-changing future: USDC stablecoin giant rockets past expectations with $1.1B raise at $31/share in NYSE debut — investors fixate on soaring $8.1B valuation
Circle IPO has made headlines with a stunning debut on the New York Stock Exchange, trading under the ticker CRCL. The USDC stablecoin issuer priced its IPO at $31 per share, raising $1.05 billion, and valuing the company at $6.8 billion. Backed by strong investor demand and a growing crypto-friendly U.S. regulatory stance, Circle’s IPO opens new doors for crypto infrastructure companies on Wall Street. As the second-largest stablecoin player, Circle’s success signals mainstream acceptance of digital finance. Here’s everything you need to know about this massive listing and what it could mean for the future of crypto.
Stablecoin bigwig Circle set to make its debut on the New York Stock Exchange
Circle Internet Group, issuer of the USDC stablecoin, is debuting on the New York Stock Exchange under the symbol "CRCL". Its IPO, priced at $31 per share, comes amid rising interest in stablecoins and regulatory moves in the U.S. Circle aims to challenge market leader Tether with its strong growth.
Trump Media advances Bitcoin ETF plans with Truth Social Brand
Trump Media & Technology Group is nearing the launch of a Bitcoin ETF under the Truth Social brand, pending regulatory approval. The ETF, sponsored by Yorkville America Digital, will invest directly in Bitcoin. This move aligns with President Trump's pro-Bitcoin stance, potentially attracting investors despite a crowded ETF market, while raising ethical concerns due to Trump's financial ties.
Is Trump's crypto policy opening doors for terror financing in Pakistan?
Pakistan is leveraging cryptocurrency to strengthen ties with Trump administration, amidst concerns over lax anti-money laundering enforcement and potential terror financing risks. Trump's crypto-friendly policies are opening doors for previously scrutinized figures, while Pakistan aims to align with US crypto regulations, potentially circumventing FATF and IMF scrutiny.
India may float paper on crypto assets norms in June
India is preparing to release a discussion paper on crypto assets, influenced by the IMF and FSB, amid growing global acceptance spurred by the US's evolving stance. This comes as the nation considers regulatory frameworks and stakeholder input, with no rush to judgment.
Vance urges crypto industry to stay involved in politics as he touts Trump administration's record
Vice President JD Vance urged the crypto industry to maintain its political engagement, emphasizing the Trump administration's support for pro-crypto legislation. He highlighted the industry's influence in the recent election and its potential to drive innovation. Vance also noted the strategic importance of U.S.
JD Vance says US should use bitcoin as an advantage in rivalry with China
Speaking at the Bitcoin Conference in Las Vegas, Vance applauded president Donald Trump's executive order in March that created a strategic bitcoin reserve with tokens already owned by the government. Crypto trading and mining has been banned in China since 2021. Digital assets have enjoyed a resurgence under president Donald Trump, who courted cash from the crypto industry on the campaign trail by pledging to be a "crypto president."
Blow to $TRUMP memecoin? JPMorgan, BofA, Citi & Wells Fargo eye joint stablecoin to transform U.S. financial system
U.S. banking giants, including JPMorgan and Bank of America, are exploring a unified stablecoin, signaling a shift toward regulated digital assets. The move could disrupt political tokens like the $TRUMP memecoin and reshape the U.S. crypto landscape.
Donald Trump attends memecoin gala as protesters slam 'crypto corruption'
Trump launched the memecoin three days before his inauguration in January, quickly increasing his net worth by billions and prompting major, first-of-their-kind ethics questions. The White House downplayed those concerns Thursday, insisting Trump was attending in his "personal time." The president posted on his Truth Social platform ahead of the event that "the U.S.A. is DOMINATING in Crypto, Bitcoin, etc." and pledged to "keep it that way."
Bitcoin price today: Biggest cryptocurrency BTC nears $112,000-mark, latest forecast by experts are out
Bitcoin price BTC today crossed $110,000-mark even as Cryptocurrency related stocks too were rising at the Wall Street. World's most popular cryptocurrency is also nearing $112,000-mark. Since the $TRUMP meme coin launched in January, the profits have favored big investors.
The crypto industry saw Donald Trump as a champion. Some now fear he's putting personal profits first
Donald Trump's embrace of cryptocurrency, marked by a dinner with top investors in his $TRUMP meme coin, raises ethical questions about conflicts of interest and potential foreign influence. While the crypto industry gains political clout through donations and legislative wins, Trump's personal crypto ventures draw criticism for blurring the lines between public service and private profit.
Bitcoin rises to record $109,730 on optimism over US regulation
Bitcoin surged to a record high of $109,730, fueled by optimism surrounding stablecoin legislation in the US Senate and a perceived shift in regulatory approach under a potential Trump administration. The proposed bill, revised to include stricter anti-money laundering measures and consumer protections, has ignited market enthusiasm.
Is the GENIUS Act an answer to Stablecoin regulation in the US? All about first-of-its-kind cryptocurrency legislation
The US Senate has advanced the GENIUS Act, a bipartisan bill aimed at regulating stablecoins, with a 66-32 vote. This significant step towards formal oversight of the digital asset space establishes a regulatory framework for stablecoin issuers. The legislation seeks to balance consumer protection and innovation in the rapidly growing stablecoin market, now approaching $250 billion.
Crypto divide in the Senate: Democrats clash as Trump pushes forward on Stablecoin Bill
The Senate moves closer to enacting stablecoin regulation with bipartisan support, though deep fractures emerged within the Democratic Party. As President Trump champions digital assets, lawmakers spar over corruption, oversight, and crypto’s future. With House approval looming, Washington edges toward legitimizing stablecoins in a post-regulatory Wild West
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