Tagged: the genius act

July 14, 2025 @ 5:01 pm By JD Alois  |  

Crypto week is happening in Washington, DC, and several bills are in the queue for a House vote. The Clarity Act (HR 3633), the legislation that aims to provide guidance on how different digital assets are regulated and which agency has oversight, is expected to… Read More

July 14, 2025 @ 3:59 pm By JD Alois  |  

With the CLARITY Act and the GENIUS Act on deck this week for House approval, Maxine Waters, the Ranking Member on the House Financial Services Committee, has posted an Op-ed slamming these bills as little more than legislation for and written by the crypto industry…. Read More

July 11, 2025 @ 1:42 pm By JD Alois  |  

Both the Clarity Act and the GENIUS Act are expected to be up for a floor vote, after which the legislation will move to the President’s desk to be signed into law. The Republican controlled Congress has delivered on its promise to create rules for… Read More

July 9, 2025 @ 5:53 am By Omar Faridi  |  

We recently caught up with decentralized finance and blockchain professional, Tory Green, co-founder of io.net, who shared key insights about the GENIUS Act. While the Senate’s passage of the bill was historic, momentum is now at risk. House lawmakers are considering whether to merge the… Read More

June 26, 2025 @ 10:31 am By JD Alois  |  

Last week, Senate Banking Committee Chairman Tim Scott commented on President Donald Trump’s support for the GENIUS Act (S. 1582), legislation that aims to establish a federal regulatory perimeter to facilitate stablecoin innovation. More specifically, payment stablecoins issued by private firms tied to fiat currency. The bill was approved… Read More

June 17, 2025 @ 6:17 pm By JD Alois  |  

The GENIUS Act  (S. 1582) was approved by the Senate today, thus moving federal regulations for stablecoins closer to reality. While stablecoins are typically tied to other assets, such as fiat currency, gold, or perhaps an algorithm, this legislation explicitly addresses payment stablecoins or digital… Read More

June 16, 2025 @ 4:21 pm By JD Alois  |  

The GENIUS Act (S. 1582), legislation that aims to provide regulatory clarity for stablecoins, is expected to head to a floor vote in the US Senate tomorrow. Last week, the bill was part of a cloture motion, which then limited debate, allowing it to move… Read More

June 11, 2025 @ 5:38 pm By JD Alois  |  

The GENIUS Act, stablecoin legislation, is poised to move towards a Senate floor vote following a Cloture Motion, which was approved 68 to 30 with two members not voting. Senator Bill Hagerty of Tennessee sponsored the legislation. A cloture motion is a procedure that ends… Read More

June 3, 2025 @ 10:11 pm By Omar Faridi  |  

Recently, a significant milestone unfolded in the digital asset space as four industry groups—the Blockchain Association, Crypto Council for Innovation, DeFi Education Fund, and The Digital Chamber—issued a joint statement endorsing the Guiding and Establishing National Innovation for US Stablecoins Act of 2025, commonly known… Read More

May 19, 2025 @ 10:45 pm By JD Alois  |  

This evening, the Senate Stablecoin Bill, the Genius Act, or The Guiding and Establishing National Innovation for U.S. Stablecoins (S 1582), garnered sufficient votes on a cloture motion to proceed in the Senate. Previously, on May 8th, the bill failed to gain the needed votes to end debate… Read More

May 8, 2025 @ 4:13 pm By JD Alois  |  

The Senate Stablecoin Bill, the Genius Act, or The Guiding and Establishing National Innovation for U.S. Stablecoins (S 1582), failed to get enough votes to gain cloture in the Senate. In effect, a cloture motion can quickly end debate and thus allow for a vote on… Read More

April 21, 2025 @ 10:15 am By Omar Faridi  |  

Taxbit notes that the rise of stablecoins—digital assets pegged to stable values like the U.S. dollar—has transformed the financial landscape, offering efficiency, accessibility, and stability in transactions. However, this innovation comes with a complex regulatory environment, particularly in the United States. As governments and regulatory… Read More