7 articles tagged with “GENIUS Act”
BitcoinThe Bitcoin Policy Institute proposes a framework for stablecoin supremacy to reduce systemic risks and blunt China's push into digital currency. Regulated stablecoins can help extend US oversight over offshore dollar markets.
RegulationBessent sounds alarm on digital asset regulation, urging Congress to pass the CLARITY Act. The US Secretary of the Treasury presses for immediate action to provide clear regulation for digital assets.
CryptoThe US Treasury proposes a rule to regulate stablecoin issuers, prohibiting individuals with criminal backgrounds from serving as heads of compliance programs. This aims to combat illicit finance under the GENIUS Act.
CryptoThe U.S. Treasury has unveiled proposed rules to implement the GENIUS Act, establishing a system of mandatory federal oversight for stablecoins. Companies with stablecoin reserves exceeding $10 billion will be subject to federal supervision.
BitcoinThe U.S. Department of the Treasury has launched its first notice of proposed rulemaking under the GENIUS Act, releasing an 87-page proposal. The Treasury Genius rulemaking outlines how the Treasury will determine substantially similar state-level regulatory regimes.
EthereumTether hired KPMG for the first full USDT audit, bringing in PwC to overhaul internal systems. The company plans to register USDT under the GENIUS Act, ensuring transparency and trust.
EthereumTether partners with KPMG for first Big Four USDT audit, enhancing credibility and trustworthiness. The move marks a significant step towards transparency and accountability in the cryptocurrency space.
