-
U.S. Senators Receive Over 250,000 Letters Urging Protection of Stablecoin Yields
The fight over the future of stablecoin yields in the U.S. has intensified, with more than 250,000 letters sent to U.S. senators. The letters, organized by the pro-crypto group Stand With Crypto, are a direct response to lobbying efforts by Wall Street banks. The letters urge lawmakers to maintain the current language of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which regulates stablecoins and their ability to offer rewards. Stand With Crypto, a member-driven organization that advocates for digital asset protection, has pushed back against calls from banking groups to limit ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From cnbc.com | Oct 9, 2025
Citi has invested in stablecoin infrastructure company BVNK, the startup told CNBC on Thursday, as big U.S. banks ramp up their presence in the cryptocurrency and digital asset space. Stablecoins are a type of digital asset pegged to a fiat currency and backed by real-world assets like bonds. The two biggest are USDC and Tether, which issues USDT. BVNK’s ...
From finance.yahoo.com | Oct 8, 2025
Gold climbed to new records on Wednesday as silver and bitcoin continued a run higher. Investors are looking for hedges against mounting government debt and a broader shift away from fiat currencies toward what some analysts have dubbed the "debasement trade." Gold futures blew past $4,060 per troy ounce to touch a fresh record, while silver futures climbed ...
From brecorder.com | Oct 7, 2025
A race by crypto companies to sell tokens pegged to stocks is raising alarm bells among traditional financial firms and regulatory experts who warn that the fast-growing novel products pose risks to investors and market stability. Buoyed by President Donald Trump’s pro-crypto stance and his administration’s push for friendly regulations, the crypto industry ...
