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 »Senate’s Second‐Ranking Democrat Dick Durbin Announces He Will Not Run for Re-Election
NOTE:VIDEO AT THE END OF ARTICLE. Senator Richard “Dick” Durbin of Illinois, the Senate’s second-ranking Democrat and long-standing whip, officially announced he will not seek re-election when his current term ends in January 2027. At age 80, Durbin’s decision concludes more than three decades in the upper chamber and raises pivotal questions about succession in [...]
Read More »