Tag: #GENIUS Act

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Exchange News

Stablecoins Affecting The US Banking System “Is A Myth,” Coinbase Claims

Coinbase has rejected claims that stablecoins drain U.S. bank deposits. Here’s what Coinbase’s Faryar Shirzad had to say.   Coinbase is pushing back against long-standing claims...
Market News

There Is A Loophole In The GENIUS Act That Could “Devastate” Small Banks: Alabama Senator

Alabama Senator Keith Kelley warns the GENIUS Act could drain deposits from small banks and put rural economies at risk.   Alabama State Senator Keith Kelley...
FinTech

Rather Than Fear Stablecoins, Offer Your Customers Better Rates, Matt Hougan Says About Banks

Bitwise CIO Matt Hougan urges banks to raise deposit rates to compete with stablecoins, potentially reshaping savings and lending dynamics.   Banks should raise deposit rates...
Market News

Paxos Proposes USDH Stablecoin with Revenue Sharing to Back Hyperliquid Growth

Paxos introduces USDH proposal, combining compliance, revenue-sharing, and HYPE buybacks to strengthen Hyperliquid’s growth. Stablecoin issuer Paxos has submitted a proposal to launch USDH, a...
Bitcoin News

The Famous “Bitcoin OG” Whale Now Holds $3.8 Billion ETH After Weekend Buying Spree

The famous OG Bitcoin whale recently moved $435 million into Ethereum and has raised its ETH holdings to $3.8 billion. What does this Bitcoin...
Market News

Citi Warns Stablecoin Yields Could Drain $6.6 Trillion From Banks

Citi is now warning that stablecoin yields could trigger $6.6T in bank deposit outflows. This is happening as regulators, banks, and crypto firms continue...
Market News

The Stablecoin Market Could Hit Trillions Of Dollars Soon, Goldman Sachs Says

Goldman Sachs recently predicted the stablecoin market will grow from $271B to trillions in a few years. What drives this change? Goldman Sachs has predicted...
Altcoin News

Tether Cracks Down on Terror Tied Wallets With $1.6M USDT Freeze

Key Insights: Tether froze $1.6 million in USDT tied to terror-linked wallets used by Gaza’s BuyCash network. The company has now blocked over 5,000...
News

Trump Signs The GENIUS Act Into Law: Here’s What To Know

Key insights:  Trump signs the GENIUS Act, the first U.S. law regulating stablecoins, allowing banks and fintechs to issue them. GENIUS Act mandates 1:1...
Altcoin News

Memecoin Season Is Returning, And Here’s Why

Key Insights: The recent passage of the GENIUS Act has provided regulatory clarity for digital assets. Bitcoin has been stalling, and investors are rotating...
News

No Bitcoin Reserve: Arizona Governor Vetoes Crypto Reserve Bill For The Third Time

Key Insights: Arizona Governor Katie Hobbs has vetoed House Bill 2324, with more rejections possible in the future. This bill was a proposal to...
Stablecoins

GENIUS Act Advances as Senate Momentum Builds Stronger

A 3/4 Senate pushes with the stablecoin GENIUS Act. Bill gains bipartisan support with 16 Democrats voting yes.  Revised GENIUS Act addresses Big...

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