Congress’s GENIUS Act backs Ethereum stablecoins, but Fed policy still warns on public chains, shaping bank strategies and ...

US banks urge Congress to block stablecoin yield loophole, warning it could drain deposits, raise rates, and disrupt the US ...

Stablecoins are seen as a lower-risk entry point into crypto because their value is tied to another asset, usually the US ...

Bank groups, especially those representing the largest institutions, did little in the way of a public campaign against the ...

The STABLE Act enforces strict, uniform stablecoin rules, while the GENIUS Act offers a tiered, yield-friendly approach.

US bankers have urged Congress to close a stablecoin yield “loophole” that could threaten $6.6 trillion in deposits in the ...

America’s top banking groups have urged Congress to close what they say is a loophole in the GENIUS Act that allows ...

The American Bankers Association, the Bank Policy Institute, and over 50 state banking groups warned of massive deposit ...

The GENIUS Act (S.1582) marks the first federal law to regulate stablecoins, signaling a broader shift toward structured ...

Under the new law, issuers with more than $50 billion in stablecoins outstanding would be required to submit audited annual ...

Stablecoin giant Circle surpassed expectations for second-quarter revenue in its maiden quarterly results since going public, ...

Among those who voted in favor of the Guiding and Establishing National Innovation for U.S. Stablecoins ( GENIUS) Act are 206 ...