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Senate passes stablecoin bill, a major victory for the crypto world
The Senate is preparing for a final vote Tuesday on a bill that would establish the first federal framework for dollar-backed cryptocurrencies known as stablecoins, a major victory for an industry that has pushed for more favorable oversight in Washington,
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Coinbase, Circle Pop As Stablecoin Legislation Clears Senate – But These Two Stocks Took A HitCrypto-linked stocks surged on Wednesday after the U.S. Senate passed stablecoin legislation, setting up regulatory rules for ...
The GENIUS Act mandates full reserve backing for stablecoins and opens the door for banks and retailers to issue tokens under ...
As the crypto-friendly GENIUS Act winds its way through Congress, executives at some of the nation's largest banks are ...
Bank of America is developing a fully dollar-backed stablecoin, signaling increasing adoption of digital currencies by ...
JPmorgan's response to the rising interest in stablecoins is to launch its own rival token, called JPMD. This content has ...
A JP Morgan exec warned of an "overcrowding" stablecoin market as the bank applies to trademark JPMD for a "virtual currency" ...
The U.S. GENIUS Act, advancing in the Senate, could drive broader adoption of stablecoins by offering regulatory clarity.
Bank of America is working on its own stablecoin, signaling major movement in traditional finance's adoption of crypto.
According to CryptoQuant, nearly 60% of that volume came from whale transactions over $1 million, totaling $411.2 billion.
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