In a significant advancement for cryptocurrency regulation, the U.S. Senate has approved the bipartisan GENIUS Act with a vote of 68-30, thereby establishing the inaugural federal regulatory framework for stablecoins, which are digital assets linked to the U.S. dollar. The legislation mandates that issuers must support their tokens with liquid assets such as Treasury bills [...]
Read More »Johnson Reveals Strategy to Prevent Government Shutdown and Secure Conservative Wins
House Speaker Mike Johnson’s Plan to Prevent Government Shutdown and Secure Conservative Wins House Speaker Mike Johnson has introduced a two-step strategy aimed at keeping the U.S. government open while advocating for fiscal responsibility and significant policy changes. The proposal, dubbed the “Further Continuing Appropriations and Other Extensions Act of 2024,” seeks to avert a [...]
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