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 »Schumer Forces Name Change For ‘Big, Beautiful Bill’ Moments Before It Passes
Senate Minority Leader Chuck Schumer compelled a change in the name of President Donald Trump’s “big, beautiful bill” just prior to its passage in the upper chamber of Congress. While Senator Pete Ricketts, R-Nebraska, presided over the Senate, Schumer raised a point of order against lines three through five on the initial page of the [...]
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