Senate Begins Passage of Stablecoin Bill as House Marks Market-Structure Wins
10 Articles
10 Articles
Billionaire Investor Calls No-Interest Stablecoins ‘Outrageous’ as Key US Bill Advances - WorldNL Magazine
Billionaire investor Philippe Laffont on Thursday called the idea of a non-yielding stablecoin “outrageous,” as U.S. lawmakers advanced a bill that would bar issuers from offering interest-bearing dollar-pegged tokens.“How in the world is a stablecoin not bearing interest?” Laffont said at Coinbase’s State of Crypto event in New York. “That is outrageous, and that needs to be solved.”Laffont, founder of hedge fund Coatue Management, which overse…
U.S. Senate Inches Closer to Historic Stablecoin Law Backed by Coinbase and Ripple
The post U.S. Senate Inches Closer to Historic Stablecoin Law Backed by Coinbase and Ripple appeared first on Coinworldstory. The U.S. Senate advances the GENIUS Act, a major stablecoin bill backed by Coinbase and Ripple, signaling a shift toward clear crypto regulation. The post U.S. Senate Inches Closer to Historic Stablecoin Law Backed by Coinbase and Ripple appeared first on Coinworldstory.
With 68 votes in favor and 30 against, the GENIUS Act clause passed the Senate. Read more
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