The Senate's decision to push forward landmark legislation on the regulation of "stablecoins"—cryptocurrencies whose value is pegged to another asset—could hold significant implications for the investors' portfolios and the wider crypto market,

Still, the bill is considered a major win for the crypto industry. The industry-backed bill would help protect consumers and set industry standards that could allow stablecoins to become mainstream for digital payments and other financial instruments, advocates say.

The Cardano founder framed the announcement as part of a bigger shift happening in U.S. policy circles. "I’ve never seen a more pro-crypto composition with respect to the U.S. government," he told CNBC. "We finally have people to talk to."

In a rare occurrence, which may only last for a week, Democrats in the Senate showed some spine and voted down an important procedural vote on the GENIUS Act, a bill that would establish a (very weak) regulatory framework for the use of stablecoins.

Senator Elizabeth Warren slammed the GENIUS Act in a fiery speech on the Senate floor on Monday, citing risks to financial security.

“Stablecoins aren’t a crypto experiment anymore. They’re a better form of money. Faster, simpler, and more transparent than fiat. It’s only a matter of time before they become the default.” The GENIUS Act may be the “first step” toward ...

Justin Sun — who owns $19 million worth of President Trump's meme coin — will attend a dinner with the president, after regulators paused a Biden-era lawsuit against Sun.

Key Takeaways The GENIUS Act, a bill to regulate stablecoins, passed with a divided vote among Democrats, reflecting concerns about corruption and financial sta