Tag: #GENIUS Act
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Invesco Files GENIUS Act-Compliant Money Market Fund for Stablecoins
Invesco filed a GENIUS Act-compliant fund for stablecoin reserve management. The fund will invest in cash, Treasuries, and repos to maintain liquidity. Superstate will tokenize…
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Fidelity Launches Stablecoin Reserve Fund Under GENIUS Act Rules
Fidelity launched a money market fund for stablecoin reserve requirements. The fund is designed to comply with the federal GENIUS Act framework. It will invest…
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White House Study Debunks Stablecoin Threat to Banks
Eliminating stablecoin yield increases bank lending by just $2.1B, or 0.02%. Most stablecoin reserves remain in banks, limiting impact on credit creation. Consumer access to…
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Coinbase CEO Confident a Crypto Market Framework Can Benefit Everyone
Brian Armstrong says Coinbase is working toward a crypto market framework aligned with the President’s agenda and banking concerns. Coinbase attended two White House meetings…
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New CFTC Guidance Brings Stablecoins Deeper Into U.S. Finance
CFTC guidance now permits national trust banks to issue payment stablecoins for derivatives collateral use. Updated rules align stablecoins with the GENIUS Act and expand…
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Crypto News: Circle Updates Its Terms Of Service To Allow “Legal” Purchase Of Certain Weapons
Circle updates USDC terms to permit legal firearm purchases, sparking debate on crypto policy and Second Amendment rights. Circle, the company behind the USDC…
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Crypto News: Coinbase Asks Treasury to Align GENIUS Act Rules with Congressional Intent
Coinbase urges the U.S. Treasury to align GENIUS Act rules with congressional intent, focusing on stablecoin issuers and tax treatment. Coinbase has urged the…
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Crypto Banking Race Heats Up: Erebor Approved, Sony Files for Federal Charter
Erebor receives a federal bank charter, and Sony files for one, intensifying competition in the U.S. crypto banking sector amid stablecoin growth. The race…
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No Longer $3 Trillion: Citi Increases 2030 Stablecoin Market Cap Prediction
Citi projects the stablecoin market to hit $4T by 2030, fueled by regulation, payment adoption, and rising global usage despite slow institutions. Citi, one of…
