Stablecoin bill advances in U.S. Senate
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The passage of a U.S. stablecoin bill could be one of the most important regulatory developments in the history of crypto, the report said.
The US Senate just advanced the GENIUS Act while lawmakers reintroduce a key blockchain bill. On Byte-Sized Insight, Rashan Colbert of the Crypto Council for Innovation explains how these moves could reshape stablecoin regulation and crypto clarity in the US.
Hong Kong has passed a stablecoin bill to expand its cryptocurrency licensing regime as more governments recognize the digital assets.
Hong Kong's legislature passed a stablecoin bill on Wednesday that establishes a licensing regime for fiat-referenced stablecoin issuers in Hong Kong, providing regulatory clarity for upcoming stablecoin issuers.
Hong Kong has been working on establishing a stablecoin regime since 2023. The nation had published a consultation paper on stablecoin guidelines towards the end of 2023. It later introduced the Stablecoin Bill, which the Legislative Council of the Hong Kong Special Administrative Region passed in its third reading, Ng's post said.
Sen. Elizabeth Warren (D-Mass.) is urging her colleagues to vote down updated stablecoin legislation, arguing it fails to sufficiently address concerns related to President Trump’s crypto ties and
The passage of the Republicans' tax cut bill in the House and what happens next - with ramifications for multinational corporations, clean-energy companies like First Solar, and wireless carriers such as AT&T,