The GENIUS Act, a key piece of US stablecoin legislation, aims to set clear rules for stablecoin collateralization and compliance, potentially solidifying the US dollar’s role in the digital asset economy.
Tag: Legislation
GENIUS Act: US Senate Poised to Legitimizes Stablecoins for Institutional Adoption
The GENIUS Act, designed to regulate stablecoins in the US, has passed the Senate and is now heading to a debate. It sets clear rules for collateralization and AML compliance, potentially leading to wider institutional adoption of stablecoins. Here’s a breakdown of the bill, its implications, and potential impacts on the crypto market.
Tether’s Growing Influence: Surpasses Germany in US Treasury Holdings
Stablecoin giant Tether now holds more US Treasury bills than Germany, ranking 19th globally. Explore Tether’s reserve strategy, its impact on dollar liquidity, and the regulatory landscape.
Wintermute Expands to New York Amid Favorable US Crypto Regulations
Wintermute, a leading crypto trading firm, opens a New York office to capitalize on improved US regulatory conditions and contribute to the evolving digital asset landscape.