The U.S. stablecoin framework, the GENIUS Act, has hit the initial deadline of the 18th of July. Passed into law on the 18th of July 2027, the framework set multiple milestones for its progressive enactment. […]
Patrick Witt will leave the White House for military training later this month. Harry Jung will lead CLARITY Act negotiations during Witt’s absence. Senate lawmakers face mounting pressure before the August recess. The White House […]
Regulators have until July 18, 2026, to turn the GENIUS Act from a statute into access rules for stablecoin issuers that want a clear regulatory path into the US. That date is the Act’s one-year […]
Circle has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, marking one of the biggest regulatory milestones a stablecoin issuer has ever reached […]
Ten days remain before the statutory deadline for federal agencies to publish the implementing rules under the GENIUS Act. As of this week, the rulebook is still missing, leaving stablecoin issuers to prepare against proposed […]
TLDR GENIUS gives stablecoins legal status while adding federal rules for reserves, audits, and licensing. July 18 starts rulemaking that may decide which stablecoin issuers stay competitive long term. Fixed compliance costs could weigh harder […]
Key Takeaways Senate Banking Chair Tim Scott and Majority Leader John Thune are pushing for a CLARITY Act vote in July 2026. The bill needs 60 votes; Republicans hold 53 seats, requiring at least seven […]
Key Takeaways The Fed CBDC ban cleared Congress 85-5 in the Senate and 358-32 in the House, both veto-proof margins. Trump is withholding his signature, demanding a voter-citizenship bill the Senate blocked 48-50 on June […]
Community bankers keep asking a simple question that somehow never gets a simple answer. If deposits are leaving, where are they going, and are stablecoins actually the main problem Washington should be focused on right […]
Key Takeaways Fidelity launched FYMXX on June 15, a fund for stablecoin issuers under the GENIUS Act. FYMXX’s 0.25% fee adds competition as Fidelity targets the $315B stablecoin market. Fidelity joins State Street and Blackrock […]
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