Tagged: the genius act

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

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