The U.S. Senate rejected the move to advance the GENIUS Act, a bill that would regulate the stablecoin market. The bill, which intended to establish a framework for the $246 billion industry, failed to acquire the 60-vote threshold to move forward after senators voted 48-49. This is a major blow to crypto regulation efforts amid […]
STABLE and GENIUS Acts
Tether Plans to Launch New Stable Coin Amid New Regulatory Changes
Tether’s CEO has come out to say that the company might create a new stablecoin for the U.S. market if new regulations force out USDT. This new development comes as USDT faces the possibility of being removed under changing regulations. The firm is now looking at the idea of launching a different coin that fits […]