US House Sends 'Genius Act' Stablecoin Bill to Trump
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Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.
La Cámara de Representantes estadounidense aprobó el jueves tres proyectos de ley destinados a impulsar la legitimidad
The US Congress has passed the GENIUS Act — the first federal bill aimed at regulating stablecoins, a type of cryptocurrency tied to the value of the US dollar. Also on the programme: the US Federal Reserve weighs inflation risks and Trump’s tariff threats The BBC's Victoria Craig speaks to Boston Fed President Susan Collins.
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Are stablecoins the next Venmo? Big banks prep for the next big payments competition.Banks are gearing up to take on payments competition from stablecoins, which could increase after Congress passed the Genius Act.
Stablecoins are reshaping how we save, spend, and move money at a time when the U.S. dollar itself faces unprecedented challenges. In 2025, the dollar's share of global reserves hit a 30-year low of 57.
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Ideas for how to squeeze the country’s interest bill, ideally without cutting spending or raising taxes, are thus at a premium. One has recently raised the hopes of Mr Bessent. Could stablecoins—cryptocurrency tokens backed by safe assets such as short-term Treasury bonds—drive up demand for American debt, and pull down borrowing costs?
With Amazon and Walmart looking to launch their own stablecoins, it seems likely these digital currencies are here to stay.
Some large U.S. lenders, including Bank of America and Citibank, are working on launching stablecoins at a time when the country is looking to adopt more crypto-friendly regulations. BofA CEO Brian Moynihan said on Wednesday the bank is working on launching a stablecoin,
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Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.
Born out of necessity, stablecoins were the first widely adopted tokenized assets. At a time when blockchains lacked a digital equivalent of fiat money, private players stepped in
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Kristin Smith, Solana Policy Institute president, joins 'Fast Money' to talk the latest movement on the three crypto bills that passed the house today and what it means for the crypto industry.