U.S Senate
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Stablecoin Bill: GENIUS Act Advances Following Cloture Vote
The U.S. Senate has moved one step closer to passing the GENIUS Act, a bill that would create new rules for stablecoins. The bill got strong bipartisan support, with 68 senators voting in favor and 30 against a motion to limit debate. The vote happened this week, and a final vote on the bill could…
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U.S. Senate Investigates Meta Over Past Plans to Enter China
Key Takeaways: A U.S. Senate investigative subcommittee has launched a probe into Meta Platforms, the parent company of Facebook, over its historical attempts to expand into China. Senators leading the inquiry have asked for company documents to find out if Meta made decisions that could have hurt users’ rights just to get into the Chinese…
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Senate Banking Committee Set to Vote on the GENIUS Stablecoin Bill This Week
The members of the U.S Senate Banking Committee are expected to vote on the GENIUS Act bill this week thursday. This bipartisan bill strives to provide clearer rules and policies for stablecoin within the United State. According to reports, his bill is sponsored by Senators Bill Hagerty (R-TN) and Tim Scott (R-SC), and it’s intended…