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Category GENIUS Act

US, UK Advance Stablecoin Rules as GENIUS Act Moves Into Implementation

US, UK Advance Stablecoin Rules as GENIUS Act Moves Into Implementation

The two countries have been ramping up their efforts related to the regulation of stablecoins because both countries are in the process of refining...
Fed Chair Warsh: No Bailout for Crypto Industry in Crisis

Fed Chair Warsh: No Bailout for Crypto Industry in Crisis

Bitcoin Magazine Fed Chair Warsh: No Bailout for Crypto Industry in Crisis Federal Reserve Chair Kevin Warsh said the Fed will not bail out failing...
GENIUS Act deadline puts stablecoin issuers on the clock

GENIUS Act deadline puts stablecoin issuers on the clock

July 18 is not a user cutoff, but it forces regulators to define which permitted, foreign, and state-qualified issuers can operate cleanly in the U...
Stablecoin regulation converts issuers into psuedo-banks while adding a barrier to entry for smaller players

Stablecoin regulation converts issuers into psuedo-banks while adding a barrier to entry for smaller players

Three federal agencies have proposed rules that would make stablecoin issuers operate like banks. The Treasury wants them to run anti-money-launder...
XRP Enters Traditional Banking As SBI Shinsei Unveils New Pilot Program

XRP Enters Traditional Banking As SBI Shinsei Unveils New Pilot Program

The relationship between traditional banking and digital assets continues to evolve as SBI Shinsei Bank prepares to launch a pilot program to integ...