New crypto bill could turbocharge stablecoin industry
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Kan., is still deciding whether to insist on a vote on a swipe fee amendment that could take down the bigger bill, if it passes.
The vote on the GENIUS Act, which would set up a regulatory framework for stablecoins, came two weeks after Senate Democrats blocked the measure.
White House crypto czar David Sacks says stablecoin bill will unlock ‘trillions' for U.S. Treasury
Trump’s top crypto advisor David Sacks says the administration’s stablecoin bill is poised to pass with bipartisan support.
Asset manager Bitwise says the US stablecoin bill could be bigger than Bitcoin ETFs, and may spark a multi-year crypto bull run.
Developers to benefit from a Blockchain Bill that seeks to differentiate money transmitters in push for sound crypto regulation
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According to SB 21, the state can only use money from the reserve to buy cryptocurrency with an average market capitalization of at least $500 billion over the past 24 months. This means Texas would only be allowed to invest in large, established cryptocurrencies like Bitcoin and possibly Ethereum, depending on market conditions.
The Trump administration recently reached the 100-day mark, representing the end of a critical period for presidential administrations where