Guillaume Poncin of Alchemy predicts that the passage of the Genius Act will soon bring major financial institutions into the stablecoin business. The U.S. Senate has passed the Genius Act, bringing long-awaited regulatory clarity to stablecoins. With this development, major financial institutions are expected to roll out their own stablecoins. Guillaume Poncin, CTO of Alchemy, … Read more
RESOLV is steady, up 84% from all-time lows. The launch of the USR stablecoin is timely, following the Senate’s passing of the GENIUS Act. If the bill becomes law, DeFi projects could surge. Resolv is capturing crypto media attention as of June 12, and for good reasons. While its native token, RESOLV, is up 84% … Read more
The U.S. Senate voted 68-30 on Wednesday to invoke cloture on the GENIUS Act, a major stablecoin bill, paving the way for a final floor vote scheduled for next Monday. If passed, the bill could set the first national regulatory framework for stablecoins in the United States. The GENIUS Act—short for the Guiding and Establishing … Read more
Today’s edition of the weekly recap covers the arrest of Blum co-founder Vladimir Smerkis, progress on U.S. stablecoin legislation, and World Liberty Financial’s blockchain integration. Russian authorities arrest former Binance exec Alabama man sentenced for SEC social media hack Stablecoin…