CRYPTO

The United States Senate Banking Committee elected to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in an 18-6 vote.

As CoinTelegraph reports, GENIUS Act backers faced pushback from bankers and their allies in the US Senate over fears that stablecoins will disintermediate banks and erode banking market share.

According to an article from American Banker, the bill requires 60 votes to pass in the Senate, meaning that at least seven (more…)

Authored by Stephen Katte via CoinTelegraph.com,

Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts.  

Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months.

Onchain activity for Tethers USDT has (more…)

Representatives of President Trump's family have reportedly been discussing acquiring a stake in the US arm of crypto exchange Binance as the former Coinbase competitor (banned in the US in 2019) plots its re-entry into the world's largest and most pro-crypto economy. This also comes as Binance founder Changpeng Zhao (CZ) pursues a presidential pardon after pleading guilty to violating US anti-money-laundering laws in 2023.

The Wall Street Journal, citing sources familiar (more…)