Trump Signs Stablecoin Law
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Jim Cramer warns Circle may lose its edge as BlackRock and Fidelity eye stablecoins, even as Circle stock hits an all-time high post-GENIUS Act.
Tether and Circle CEOs laid out their plans for the future after President Trump signed sweeping stablecoin legislation into law.
Congress delivered a watershed victory for the crypto industry on Thursday, passing the first federal legislation to regulate stablecoins and clearing the way for broader use of the technology in everyday finance.
Circle shares slid Tuesday after the House blocked a key procedural vote, stalling momentum on legislation the industry has counted on for regulatory clarity.
A key federal banking regulator is set to receive a wave of charter applications under stablecoin legislation heading to President Donald Trump, potentially stretching the agency’s capabilities even as its workforce shrinks.
The House passed bills that establish the first federal framework for dollar-backed stablecoins and outline how other digital assets will be regulated, major victories for an industry that has pushed for more favorable oversight in Washington,
Shares of Circle Internet Group are surging Wednesday morning. The stock is gaining following a legislative reversal in Washington.
Jeremy Allaire, Circle CEO, joins 'Money Movers' to discuss stablecoin demand, the future of fintech and crypto.