Senate Passes Historic Crypto Bill: Sacks Hails Dollar Dominance, Bessent Sees $3.7T Boom – Regulation Bitcoin News
The U.S. Senate passed the GENIUS Act, a major crypto bill, with bipartisan support. Officials predict it could unlock trillion-dollar markets and strengthen U.S. leadership in digital finance through stablecoin regulation.
US Senate Passes First Major Stablecoin Regulation Bill
The US Senate passed the GENIUS Act, a major stablecoin regulation bill, with bipartisan support. It requires monthly disclosures and asset backing for issuers, aiming to enhance consumer protection and regulatory clarity.
China’s JD Eyes Global Stablecoin Licenses to Slash Payment Costs – Decrypt
JD.com plans to apply for global stablecoin licenses to reduce cross-border payment costs and times, starting with B2B transactions before expanding to consumers, as part of its growth strategy.
GENIUS Act at a ‘Critical Inflection Point’ for Stablecoins After Senate Approval – “The Defiant”
The GENIUS Act, approved by the Senate, moves to the House, potentially reshaping stablecoin regulation. Experts discuss barriers to entry, integration challenges, and the dominance of major players like Circle and Tether.
Texas Bitcoin Reserve Law Triggers Sunday—Silence Means Yes
Texas is set to establish the nation’s largest government-run Bitcoin reserve as Senate Bill 21 will automatically become law if Governor Abbott doesn’t act by June 22. The bill allows state investment in Bitcoin and other cryptocurrencies.
US Senate approves landmark GENIUS Act for stablecoin regulation
The US Senate passed the GENIUS Act to regulate stablecoins, establishing a framework for reserves, compliance, and federal oversight, aiming to bolster dollar dominance and innovation.
Ripple and SEC Ask Court to Pause Appeals as They Fight to End XRP Case – Legal Bitcoin News
Ripple and the SEC have jointly requested to pause appeals as they await a court decision that could settle the long-running XRP case, potentially ending legal disputes.
US DOJ, Europol seize world’s largest dark web drug market operating via Monero
International law enforcement seized Archetyp Market, a major darknet drug platform using Monero, arresting its German operator in Spain and confiscating millions in assets and infrastructure.
Ripple News Today: Ripple Files Supplemental Letter to Sway Court in Prolonged XRP Lawsuit – Brave New Coin
Ripple files a supplemental letter in its SEC lawsuit, seeking reduced penalties and injunctive relief. The company argues for fairness and regulatory consistency, while both parties request an appeal pause until August 2025.
JPMorgan, SEC meet to discuss capital markets moving onchain
JPMorgan met with the SEC to discuss blockchain’s impact on capital markets, including risks, benefits, and regulatory considerations. The bank also launched a deposit token pilot on Coinbase’s Base blockchain.
