U.S. Treasury Secretary Scott Bessent believes stablecoins will buoy the market for U.S. Treasuries, and the government will sell more short-term debt to meet that demand, according to the Financial Times. “Bessent has signalled to Wall Street that he expects stablecoins, digital tokens that are backed by high-quality securities such as Treasuries, to become an important source of demand for …
Read More »US Treasury issues call for public comment on illicit activity following Trump signing GENIUS stablecoin act into law The Block GENIUS Act inches closer to law amid Warren’s Fentanyl warning Yahoo Finance Yellen and Bessent Highlight Stablecoins as Catalyst for Global Dollar Dominance AInvest Treasury seeks stablecoin AML comment from public American Banker U.S. Treasury supports digital IDs as a safeguard against financial crime …
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Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. NYSE Circle Internet Group stock tumbled more than 5% in extended trading Tuesday after it said it would offer 10 million Class A shares to the public. Of the total stock being offered, 2 million shares will be offered by …
Read More »Circle to launch Layer 1 blockchain Arc using USDC stablecoin as native gas token The Block Circle reports $658M in revenue on its stablecoin reserves in Q2 Axios Circle stock soars after quarterly revenue beats estimates in first earnings since blockbuster IPO Yahoo Finance Circle shares rise as second-quarter revenue jumps 53% on strong stablecoin growth CNBC Crypto Firm Circle Posts Loss in First …
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Stablecoins are the shiny new object on Wall Street. Once restricted to the niche world of crypto trading, stablecoins entered the mainstream of U.S. finance as Congress debated—and ultimately passed in July—a bill to legitimize them and expand their use. That has spurred a hype cycle as banks and Fortune 500 companies rush to explore the technology. Stablecoins, which are …
Read More »What’s next after the stablecoin law is signed Axios The week when crypto won big in America NPR Fact Sheet: President Donald J. Trump Signs GENIUS Act into Law The White House (.gov) Genius Act: What new crypto law could do, stablecoins explained NBC News Don’t Celebrate ‘Crypto Week’ Yet Barron’s Source link
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WASHINGTON — President Donald Trump on Friday signed a law to create a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments and move money. The bill, dubbed the GENIUS Act, passed in the House of Representatives by a vote of 308–122, …
Read More »Crypto Market Cap Tops $4 Trillion as US Stablecoin Bill Passes Bloomberg.com Crypto’s $4 Trillion Moment The New York Times BTC, XRP, SOL: Cryptocurrency Market Cap Surpasses $4 Trillion TipRanks GENIUS Act rally pushes crypto space to historic $4 trillion market cap Sherwood News Global crypto assets hit $4tn as industry wins backing of US lawmakers Financial Times Source link
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Some Democrats supported the GENIUS Act, arguing that some regulation is better than none as cryptocurrency activity increases globally and the technology has the potential to revolutionize the US financial system. But Hand told Ars that “we’ve already seen what happens when there are no protections” for consumers, like during the FTX collapse. She joins critics that the BBC reported …
Read More »Stablecoin regulation bill heads to Trump’s desk Axios A ‘Crypto Week’ win: Congress passes 1st major crypto legislation in the U.S. NPR House sends bill regulating stablecoins, a type of cryptocurrency, to Trump CNBC Instant View: US House sends “Genius Act” stablecoin bill to Trump to sign Reuters House advances crypto, defense spending bills following standoff Politico Source link
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