During his remarks at the White House in July, President Trump labeled himself a genius. Trump stated, "The Genius Act—they named it after me." ...

Rep. Lynch questioned the Fed on digital assets and stablecoin definitions. The GENIUS Act lets the Fed create rules for digital asset activities. The FDIC is expected to release guidelines for ...

FDIC acting Chairman Travis Hill announced the agency will submit initial GENIUS Act new rules for stablecoins by the end of December. Hill explained that the FDIC has developed frameworks, capital, ...

GENIUS Act stablecoins framework will guide issuers, improve safety, and provide oversight to protect investors in the US crypto market. Summary is AI generated, newsroom reviewed. The FDIC will ...

NPR’s Tamara Keith and Amy Walter of the Cook Political Report with Amy Walter join Amna Nawaz to discuss the latest political news, including lawmakers on both sides of the aisle search for answers ...

The acting chief of the U.S. Federal Deposit Insurance Corp. said the banking regulator expects to start proposing rules for stablecoin issuers before the close of December, according to testimony ...

The GENIUS Act promises safer, fully reserved dollar stablecoins and faster payments, but by steering issuers toward T-bills and cash, it may also hardwire a new demand engine for US debt. The Guiding ...

The GENIUS Act requires stablecoins to be fully backed by US dollars or Treasury bills, leading to $109 billion in Treasury purchases. Treasury Secretary Scott Bessent forecasts a $3 trillion ...

Federally chartered crypto bank Anchorage Digital is set to launch a rewards program for holders of USDtb and USDe tokens, without directly offering yield in a way that would violate the U.S.

U.S. Representative Marjorie Taylor Greene's stunning announcement that she will leave Congress in January continues to spark reactions across Georgia. Greene, once one of President Trump’s strongest ...