House Passes GENIUS Act With 308-122 Vote to Regulate Stablecoins

The U.S. House of Representatives passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS Act) with a 308-122 vote, a landmark bill regulating the $250 billion stablecoin market. The House passed the GENIUS Act today. Aimed at making the U.S. the “crypto capital of the world,” it mandates stablecoin issuers to maintain 1:1 … Read more

Bitcoin Standard Treasury Company to Launch With 30,021 Bitcoin After SPAC Merger

Bitcoin Standard Treasury Company (BSTR) will become a publicly traded company through a merger with special-purpose acquisition company Cantor Equity Partners I, Inc. (Nasdaq: CEPO), the companies announced on Thursday. Cantor SPAC Deal Values BSTR Bitcoin Treasury at $10/Share The combined company is expected to list on Nasdaq under the ticker symbol “BSTR” in the … Read more

Senator Elizabeth Warren Says Crypto Deregulation Could ‘Blow Up’ Wall Street

Massachusetts Democratic Sen. Elizabeth Warren sounded the alarm, accusing President Donald Trump of chipping away at the Federal Reserve’s hard-earned independence with his repeated threats to oust Chair Jerome Powell. She also weighed in on the latest crypto bills, warning that Congress is on the verge of “sign[ing] off on very weak regulation.” Warren Says … Read more

Bitcoin Flat Despite Upbeat Economic Data

Good news from the Department of Labor and Wall Street seems to have boosted everything except bitcoin today. Economic Data Buoys Stocks, But Bitcoin Doesn’t React U.S. jobless claims fell to a 3-month low on Thursday, and at least 44 companies beat their quarterly estimates this week. Stocks jumped on the news, but bitcoin ( … Read more