GENIUS

Trump urges passage of U.S. Clarity Act, attacks banks for ‘undercutting’ GENIUS

U.S. President Donald Trump said bankers are trying to undermine the GENIUS Act — the signature stablecoin legislation he signed into law last year — in a Truth Social post Tuesday, and he urged passage of Congress’ crypto market structure legislation without interference. “The U.S.… Read More

U.S. regulator’s GENIUS pitch puts dark cloud over crypto sector’s stablecoin model

2 months ago by Crypto InsightsCrypto

The crypto industry’s stablecoin operations, such as the arrangement between issuer Circle and leading exchange Coinbase, could be under serious pressure in the U.S. Office of the Comptroller of the Currency’s newly proposed set of stablecoin rules. Even as OCC chief Jonathan Gould testified in… Read More