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Senate passes stablecoin bill, a major victory for the crypto world
The Senate is preparing for a final vote Tuesday on a bill that would establish the first federal framework for dollar-backed cryptocurrencies known as stablecoins, a major victory for an industry that has pushed for more favorable oversight in Washington,
U.S. Senate Passes Stablecoin Regulation Bill; Major Banks and Companies Explore Launches
The U.S. Senate has passed a stablecoin regulation bill, paving the way for broader corporate adoption. Major banks, tech firms, and crypto platforms are preparing to enter or expand in this evolving space.
Bank of America is developing a fully dollar-backed stablecoin, signaling increasing adoption of digital currencies by ...
Stablecoin market cap crossed $250 billion for the first time, signaling explosive growth. The GENIUS Act cleared its final ...
Bank of America CEO Brian Moynihan said Wednesday that the country’s second-largest bank is going to take a look at ...
The U.S. GENIUS Act, advancing in the Senate, could drive broader adoption of stablecoins by offering regulatory clarity.
The GENIUS Act mandates full reserve backing for stablecoins and opens the door for banks and retailers to issue tokens under ...
As the crypto-friendly GENIUS Act winds its way through Congress, executives at some of the nation's largest banks are ...
According to CryptoQuant, nearly 60% of that volume came from whale transactions over $1 million, totaling $411.2 billion.
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World’s largest bank, JPMorgan files JPMD trademark for likely stablecoinAccording to multiple reports, JPMorgan Chase, the world’s largest bank by assets, has filed a trademark for “JPMD.” The ...
The bank is also weighing a tokenized deposit system to make payments more efficient, as regulatory clarity and pending ...
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