Legislation News

The Genius Act could boost the US dollar's dominance in Web3 by enforcing 1:1 stablecoin backing and compliance, according to a Foresight Ventures report.

The GENIUS Act would legitimize stablecoins for institutional adoption and set a precedent for other global jurisdictions, according to the managing partner of DWF Labs.

Tether’s US Treasury holdings and gold reserves helped the stablecoin issuer absorb the downside volatility of the cryptocurrency market during the first quarter of 2025.

Wintermute joins at least eight other large crypto firms that announced their expansion to the US, banking on improved regulatory clarity for the Web3 industry.

Senate Banking Committee Chairman Tim Scott blamed the failure of the GENIUS Act on Democrat-led partisan politics.

Florida’s House Bill 487 and Senate Bill 550 have been “indefinitely postponed and withdrawn from consideration.”

US stock markets see a shaky recovery in April, while Bitcoin’s price is up 16%. Meanwhile, Ethereum captures 60% of tokenized RWA value.

The bill seeks to legalize cryptocurrency payments using Bitcoin, Ethereum, Litecoin and Bitcoin Cash, but may mandate an an additional state “service fee” for these transactions.

The bill aims to set regulatory standards for crypto firms operating in the state and curb "deceptive practices" associated with recent memecoin scams.

New Hampshire is now the fourth US state to see a Bitcoin reserve bill pass through one legislative chamber, while a Florida House committee has advanced a similar bill.

The chair of Ukraine’s securities regulator, Ruslan Magomedov, says it made the crypto tax framework for lawmakers to make informed decisions on the various options.

West Virginia's Bitcoin bill seeks to allow the state treasurer to invest up to 10% of state funds in BTC, stablecoins and precious metals.

Brian Armstrong says letting stablecoin issuers make interest payments directly to holders would let consumers and the broader US economy “reap the full benefits.”

It comes on the same day Oklahoma’s Strategic Bitcoin Reserve Act passed the State House of Representatives, bringing a reserve one step closer to potential enactment.

Arizona will soon vote on two proposed bills to establish digital asset reserves seized through criminal proceedings and a specific Bitcoin reserve based on public funds from the state’s treasury and retirement system.