Genesis Sues DCG, Seeks Recovery of Over $3.1B in Note and Asset Transfers – Decrypt
Genesis sues DCG and executives for $3.1B, alleging fraudulent transfers and misleading creditors as it neared collapse, with claims of corporate misconduct and concealed losses.
Senate Votes 66-32 to Advance GENIUS Act, Marking Progress in Stablecoin Regulation
The Senate advanced the GENIUS Act with a 66-32 vote, marking progress in stablecoin regulation. The bipartisan bill establishes federal oversight for stablecoins, addressing consumer protection and transparency.
Telegram’s Durov Calls out French ‘Manipulation’ Over Censorship Demand – Featured Bitcoin News
Telegram founder Pavel Durov accuses French intelligence of pressuring the platform to censor conservatives, alleging election interference and reaffirming Telegram’s commitment to free speech.
Trump Signs Bipartisan Act Targeting Deepfake Abuse and Online Exploitation – Decrypt
President Trump signed the bipartisan Take It Down Act, criminalizing non-consensual intimate image sharing and requiring tech platforms to remove such content within 48 hours, with strong penalties for violators.
SEC’s Crenshaw says agency playing ‘regulatory Jenga’ with crypto
SEC Commissioner Caroline Crenshaw criticizes the agency’s crypto regulation approach, comparing it to ‘regulatory Jenga’ and warning of risks from lax enforcement and rule reversals.
Senate Advances Stablecoin Bill, Clearing the Way for Final Passage
The U.S. Senate advanced stablecoin legislation, overcoming procedural hurdles after addressing Democratic concerns. The bill now moves to further debate before a final vote.
Binance wants arbitration for all members of securities class suit
Binance seeks to move a US class-action lawsuit alleging securities violations to arbitration, citing terms of service clauses that mandate arbitration and prohibit class actions.
Is Panama City Next? Mayor Teases Bitcoin Reserves After Diplomatic Exchange
Panama City’s mayor hinted at creating a Bitcoin reserve after meeting with El Salvador’s Bitcoin advocates. Legal hurdles remain, but crypto payments and green mining plans are underway.
GENIUS ACT Clears Senate Hurdle: Will Federal Stablecoin Rules Boost Crypto or Stifle Innovation? News ETHNews
The U.S. Senate advanced the GENIUS Act, proposing federal oversight for stablecoins. The bill mandates reserves, audits, and disclosures but faces uncertainty due to political shifts.
Senate Clears 60-Vote Hurdle to Begin Debate on GENIUS Stablecoin Bill – “The Defiant”
The U.S. Senate voted to advance the GENIUS Act, a bipartisan bill establishing federal regulations for stablecoins, with provisions on reserves, audits, and oversight to ensure financial stability.
