Morgan Stanley launched a government money market fund for stablecoin issuers to hold reserves in line with GENIUS Act requirements.
The GENIUS Act will take effect on the earlier of 18 months after enactment, which would make it Jan. 18, 2027.
The FDIC chief said it will supervise and license subsidiaries of FDIC-supervised institutions that seek to issue stablecoins.
The company also suggested using decentralized digital identity as a tool for combating illicit finance in crypto.
Canada aims to outline stablecoin rules in its Nov. 4 budget, as experts say U.S. GENIUS Act momentum risks pulling capital south.
BlackRock has revamped its Select Treasury Based Liquidity Fund to simplify reserve management for stablecoin issuers.
Citi Ventures has made a strategic investment in BVNK, a company providing stablecoin infrastructure for enterprises.
Analysts says $1 trillion may shift from EM bank deposits to stablecoins by 2028, with outflows converging across countries in Africa, Asia, and LATAM.
MegaETH is working with USDe issuer Ethena to launch USDm, a native stablecoin whose reserve yield funds the network’s sequencer to keep fees low and stable.
China is assessing whether to allow yuan-backed stablecoins to improve global reach, a shift that would follow Hong Kong’s push to license issuers.
Ripple will buy payments platform Rail for $200 million, adding 10% of global stablecoin payment flow to its network as U.S. regulations mature.
Anchorage will issue Ethena’s USDtb onshore, providing the first GENIUS‑compliant stablecoin and bringing the asset under U.S. federal oversight.
House Majority Leader Steve Scalise said that the next House floor vote on these crypto bills will take place on Thursday.
Trump said he has spoken to members of Congress and confirmed that they will vote in favor to pass the GENIUS Act on Wednesday.
Standard Chartered expects the second half of 2025 to deliver bitcoin’s largest dollar rally ever and sees the coin at $200,000 by year's end.
Trump said in a Truth Social post that the GENIUS Act is going to make America the 'undisputed leader' in digital assets.
Senate Minority Leader Schumer reportedly urged Senate Democrats to withhold their support in order to extract more concessions from Republicans.
Nine Senate Democrats said the so-called GENIUS Act has "numerous issues" days ahead of the first expected procedural votes on the bill.