A major issue for banks is whether stablecoin issuers will lure away customer deposits. A Treasury Department report in April estimated that stablecoins could lead to as much as $6.6 trillion in deposit outflows, depending in part on whether issuers could offer yields similar to bank accounts.

In a major step toward establishing regulatory clarity for digital assets, the House of Representatives passed the Guiding and Establishing

US Congresswoman Marjorie Taylor Greene has warned starkly against the newly introduced GENIUS Act, which she fears will push a forced agenda in the US for a state-backed Central Bank Digital Currency (CBDC).

Mastercard promotes stablecoins, as a stable currency prepared to make real-world difference, supported by regulatory certainty and reliable payments infrastructure that offends worldwide use.

In a significant development in the cryptocurrency sphere, the U.S. House of Representatives has introduced the 'Genius Act,' a legislative proposal

The US Treasury Secretary hails the GENIUS Act as a major milestone in digital currency regulation. Industry leaders from Ondo Finance, Bitpanda, and Gluwa praise the GENIUS Act for bringing much-needed legal clarity. Market optimism rises with Bitcoin and altcoins gaining due to increased regulatory certainty.

Tether USDT compliance with the US GENIUS Act confirmed by CEO Paolo Ardoino, signaling major changes for stablecoins in the U.S. regulatory landscape.

The GENIUS Act is likely to be signed into law on Friday and is set to change how stablecoin issuers operate both in the US and overseas.

In a week in which Bitcoin hit a new high and the crypto market saw huge gains, the U.S. Congress has officially passed the GENIUS Act, its first national

President Trump celebrated the signing of stablecoin legislation in a wide-ranging speech touching on crypto, regulation and political allies.

Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.