The financial oversight agency is taking a larger interest in cryptocurrency The FDIC is preparing to take a more defined role in US crypto policy, with Acting Chair Travis Hill confirming that the agency is developing guidance for tokenized deposit insurance and a regulatory pathway for stablecoin issuers. Speaking at the Federal Reserve Bank of
Changes in financial approaches will fuel a move toward stablecoins Tether co-founder Reeve Collins believes that by the end of this decade, all forms of money will exist in the form of stablecoins. Speaking at Token2049 in Singapore, Collins said the shift is inevitable as finance continues to move onto blockchain rails. In his view,
The feedback could guide how the stablecoin legislation evolves The US Treasury Department has formally invited the public to provide feedback on the newly enacted Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Signed into law by President Donald Trump in July, the legislation sets the foundation for regulating payment stablecoins across the
The bill’s advancement suggests growing momentum for federal regulation of stablecoins The US Senate has voted to advance the Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, by a 68-30 margin. The decision moves the bill closer to a full floor debate and vote, potentially setting the stage for
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