The GENIUS Act barred stablecoin issuers from paying interest. But in allowing cryptocurrency exchanges to offer rewards, it set off a high-stakes clash with the US banking industry. www.wired.com/story/genius...
The Loophole Turning Stablecoins Into a Trillion-Dollar Fight
The GENIUS Act barred stablecoin issuers from paying interest. But in allowing cryptocurrency exchanges to offer rewards, it set off a high-stakes clash with the US banking industry.
www.wired.com
September 3, 2025 at 11:22 AM
The GENIUS Act barred stablecoin issuers from paying interest. But in allowing cryptocurrency exchanges to offer rewards, it set off a high-stakes clash with the US banking industry. www.wired.com/story/genius...
Bitget crypto exchange hacked for $388 million, pauses withdrawals
September 24, 2026
https://www.web3isgoinggreat.com/?id=bitget-hack
September 24, 2026
https://www.web3isgoinggreat.com/?id=bitget-hack
September 26, 2026 at 11:24 PM
Bitget crypto exchange hacked for $388 million, pauses withdrawals
September 24, 2026
https://www.web3isgoinggreat.com/?id=bitget-hack
September 24, 2026
https://www.web3isgoinggreat.com/?id=bitget-hack
🏦 Circle's USDC and EURC stablecoins are now fully compliant under MiCA regulations, becoming the first licensed stablecoin issuers. Big win for stablecoins! #USDC #CryptoRegulation #AIart
July 2, 2024 at 3:29 PM
🏦 Circle's USDC and EURC stablecoins are now fully compliant under MiCA regulations, becoming the first licensed stablecoin issuers. Big win for stablecoins! #USDC #CryptoRegulation #AIart
very good, very clear - stablecoins are banks, from an economic perspective. their proponents will say they're narrow banks, cynics will say they're unregulated banks
www.ft.com/content/625f...
www.ft.com/content/625f...
Stablecoins are bank deposits
And stablecoin issuers are banks
www.ft.com
May 27, 2025 at 2:59 PM
very good, very clear - stablecoins are banks, from an economic perspective. their proponents will say they're narrow banks, cynics will say they're unregulated banks
www.ft.com/content/625f...
www.ft.com/content/625f...
The GENIUS Act barred stablecoin issuers from paying interest. But in allowing cryptocurrency exchanges to offer rewards, it set off a high-stakes clash with the US banking industry.
The Loophole Turning Stablecoins Into a Trillion-Dollar Fight
The GENIUS Act barred stablecoin issuers from paying interest. But in allowing cryptocurrency exchanges to offer rewards, it set off a high-stakes clash with the US banking industry.
wrd.cm
September 6, 2025 at 5:44 PM
The GENIUS Act barred stablecoin issuers from paying interest. But in allowing cryptocurrency exchanges to offer rewards, it set off a high-stakes clash with the US banking industry.
www.reuters.com/legal/govern...
Federal Reserve proposes new stablecoin rules.
Under the proposal, the Fed would require that payment stablecoin issuers under its supervision fully back their tokens with certain reserve assets, such as short-term Treasury bills.
Federal Reserve proposes new stablecoin rules.
Under the proposal, the Fed would require that payment stablecoin issuers under its supervision fully back their tokens with certain reserve assets, such as short-term Treasury bills.
US Federal Reserve proposes new stablecoin rules
The US Federal Reserve on Thursday proposed new rules for issuers of dollar-backed cryptocurrency tokens known as stablecoins, as required by last year's GENIUS Act, which established a federal reg...
www.reuters.com
September 24, 2026 at 8:01 PM
www.reuters.com/legal/govern...
Federal Reserve proposes new stablecoin rules.
Under the proposal, the Fed would require that payment stablecoin issuers under its supervision fully back their tokens with certain reserve assets, such as short-term Treasury bills.
Federal Reserve proposes new stablecoin rules.
Under the proposal, the Fed would require that payment stablecoin issuers under its supervision fully back their tokens with certain reserve assets, such as short-term Treasury bills.
I say they aren’t stable because for all of that to work, the issuers of the stablecoin have to have a robust, audited reserve of dollars to pay out when a claim comes in and the GOP blocked all our amendments to require audits and hold reserves in insured accounts. BUT…
December 7, 2025 at 2:13 PM
I say they aren’t stable because for all of that to work, the issuers of the stablecoin have to have a robust, audited reserve of dollars to pay out when a claim comes in and the GOP blocked all our amendments to require audits and hold reserves in insured accounts. BUT…
Tapping the sign. Feverishly.
September 8, 2026 at 12:07 PM
Tapping the sign. Feverishly.
Stablecoin issuers in particularly regularly freeze tokens, usually either due to sanctions or because a wallet is known to contain proceeds from a hack/theft
September 4, 2025 at 11:34 PM
Stablecoin issuers in particularly regularly freeze tokens, usually either due to sanctions or because a wallet is known to contain proceeds from a hack/theft
The GENIUS Act just gave stablecoin issuers a green light to embed crypto deeper into the economy. Ryan Cummings warns this “regulatory clarity” could end with taxpayers footing the bill.
Crypto wants to bring you down with it
The Trump administration is speedrunning government bailouts for the crypto industry.
contrarian.substack.com
August 26, 2025 at 2:56 PM
The GENIUS Act just gave stablecoin issuers a green light to embed crypto deeper into the economy. Ryan Cummings warns this “regulatory clarity” could end with taxpayers footing the bill.
US Federal Reserve proposes new stablecoin rules reut.rs/4ABtl9C
US Federal Reserve proposes new stablecoin rules
The US Federal Reserve on Thursday proposed new rules for issuers of dollar-backed cryptocurrency tokens known as stablecoins, as required by last year's GENIUS Act, which established a federal regulatory framework for the tokens.
reut.rs
September 24, 2026 at 7:15 PM
US Federal Reserve proposes new stablecoin rules reut.rs/4ABtl9C
The genius act allows only entities designated as "permitted payment stablecoin issuers" will be legally authorized to issue payment stablecoins in the U.S. and other things to rip people off.
July 16, 2025 at 1:15 AM
The genius act allows only entities designated as "permitted payment stablecoin issuers" will be legally authorized to issue payment stablecoins in the U.S. and other things to rip people off.
We urgently need strong regulatory oversight of stablecoins. The GENIUS Act lacks fundamental provisions to preserve financial stability and would increase systemic risk stemming from stablecoin runs and inadequate guardrails on foreign issuers.
May 19, 2025 at 8:57 PM
We urgently need strong regulatory oversight of stablecoins. The GENIUS Act lacks fundamental provisions to preserve financial stability and would increase systemic risk stemming from stablecoin runs and inadequate guardrails on foreign issuers.
4. Difference three: under the new stablecoin legislation passed by Congress (over the protests of yours truly) the stablecoin issuers are not required to keep your dollars in insured accounts, nor are most required to provide audited financials www.congress.gov/crs-product/...
www.congress.gov
September 24, 2025 at 12:36 PM
4. Difference three: under the new stablecoin legislation passed by Congress (over the protests of yours truly) the stablecoin issuers are not required to keep your dollars in insured accounts, nor are most required to provide audited financials www.congress.gov/crs-product/...
Random thought: Stablecoin issuers, who make money on the short-term interest rate on reserves, will have a big incentive to lobby for actions that would lead to higher interest rates.
Sort of a freakonomics thing. Like doctors groups who really don’t lobby hard for dui laws.
Sort of a freakonomics thing. Like doctors groups who really don’t lobby hard for dui laws.
May 20, 2025 at 2:34 AM
Random thought: Stablecoin issuers, who make money on the short-term interest rate on reserves, will have a big incentive to lobby for actions that would lead to higher interest rates.
Sort of a freakonomics thing. Like doctors groups who really don’t lobby hard for dui laws.
Sort of a freakonomics thing. Like doctors groups who really don’t lobby hard for dui laws.
This research examines how the demand for UST from #stablecoin issuers has grown over the past 5y and has partially offset declining demand from one of the largest foreign Govt holders, #China - chart @SFFED
www.frbsf.org/research-and...
www.frbsf.org/research-and...
September 29, 2026 at 5:31 AM
This research examines how the demand for UST from #stablecoin issuers has grown over the past 5y and has partially offset declining demand from one of the largest foreign Govt holders, #China - chart @SFFED
www.frbsf.org/research-and...
www.frbsf.org/research-and...
By the time Trump is supposed to leave office, the Kansas City Fed projects that 10-15% of all outstanding US short term debt will be held by stablecoin issuers
That's around $2 trillion dollars.
That's around $2 trillion dollars.
September 8, 2025 at 8:42 PM
By the time Trump is supposed to leave office, the Kansas City Fed projects that 10-15% of all outstanding US short term debt will be held by stablecoin issuers
That's around $2 trillion dollars.
That's around $2 trillion dollars.
Stablecoin issuers in my inbox saying passage of the GENIUS Act will lead to a "stablecoin powered financial system" are making me wonder if it's too late to move to costa rica and sell hats to tourists as a full time gig
July 17, 2025 at 9:11 PM
Stablecoin issuers in my inbox saying passage of the GENIUS Act will lead to a "stablecoin powered financial system" are making me wonder if it's too late to move to costa rica and sell hats to tourists as a full time gig
At shorter debt maturities, the growth in #stablecoin issuers’ holdings since 2023 has been larger than that of #Japan, the largest non-U.S. holder of UST.
September 29, 2026 at 5:32 AM
At shorter debt maturities, the growth in #stablecoin issuers’ holdings since 2023 has been larger than that of #Japan, the largest non-U.S. holder of UST.
The ECB and 27 national central banks asked Brussels to scrap the MiCA rule forcing stablecoin issuers to park 30-60% of reserves in bank deposits.
#ECB #Europe #Mica #Regulation #Stablecoins #Tether
#ECB #Europe #Mica #Regulation #Stablecoins #Tether
ECB and EU Central Banks Want MiCA Stablecoin Rule Dropped
The ECB and 27 national central banks asked Brussels to scrap the MiCA rule forcing stablecoin issuers to park 30-60% of reserves in bank deposits.
pulseofnations.lol
September 22, 2026 at 4:39 PM
The ECB and 27 national central banks asked Brussels to scrap the MiCA rule forcing stablecoin issuers to park 30-60% of reserves in bank deposits.
#ECB #Europe #Mica #Regulation #Stablecoins #Tether
#ECB #Europe #Mica #Regulation #Stablecoins #Tether
Thousands of New Yorkers invest millions of dollars in cryptocurrencies that are unregulated, putting investors at risk.
Congress must strengthen the GENIUS Act and other crypto legislation to protect investors and our economy.
www.newsday.com/business/cry...
Congress must strengthen the GENIUS Act and other crypto legislation to protect investors and our economy.
www.newsday.com/business/cry...
NY attorney general calls for stablecoin crypto crackdown
New York Attorney General Letitia James urged Congress to regulate issuers of the cryptocurrency similarly to how banks protect investors.
www.newsday.com
July 2, 2025 at 2:32 PM
Thousands of New Yorkers invest millions of dollars in cryptocurrencies that are unregulated, putting investors at risk.
Congress must strengthen the GENIUS Act and other crypto legislation to protect investors and our economy.
www.newsday.com/business/cry...
Congress must strengthen the GENIUS Act and other crypto legislation to protect investors and our economy.
www.newsday.com/business/cry...
Fed Proposes Rules to Implement GENIUS Act for Stablecoin Issuers
The Federal Reserve Board proposed regulations to implement the GENIUS Act for permitted payment stablecoin issuers and other entities. The move shapes the regulatory framework for major stablecoin issuers like USDT and USDC.
The Federal Reserve Board proposed regulations to implement the GENIUS Act for permitted payment stablecoin issuers and other entities. The move shapes the regulatory framework for major stablecoin issuers like USDT and USDC.
September 29, 2026 at 8:45 AM
Fed Proposes Rules to Implement GENIUS Act for Stablecoin Issuers
The Federal Reserve Board proposed regulations to implement the GENIUS Act for permitted payment stablecoin issuers and other entities. The move shapes the regulatory framework for major stablecoin issuers like USDT and USDC.
The Federal Reserve Board proposed regulations to implement the GENIUS Act for permitted payment stablecoin issuers and other entities. The move shapes the regulatory framework for major stablecoin issuers like USDT and USDC.
The GENIUS Act has a definition of stablecoin that applies to basically no stablecoins, has no enforcement ability, and has definitions of operating in the United States that let issuers easily avoid it
If you don't care about GENIUS Act/stablecoins - here there be dragons. Live reactions to Senate markup starting now.
🧵🧵🧵
www.banking.senate.gov/hearings/wat...
🧵🧵🧵
www.banking.senate.gov/hearings/wat...
March 13, 2025 at 2:16 PM
The GENIUS Act has a definition of stablecoin that applies to basically no stablecoins, has no enforcement ability, and has definitions of operating in the United States that let issuers easily avoid it
The Fed unveils stablecoin proposals, including requiring some issuers to fully back tokens with permissible reserve assets, such as short-term Treasury bills (Megan Howard/Bloomberg)
Main Link | Techmeme Permalink
Main Link | Techmeme Permalink
September 24, 2026 at 8:25 PM
The Fed unveils stablecoin proposals, including requiring some issuers to fully back tokens with permissible reserve assets, such as short-term Treasury bills (Megan Howard/Bloomberg)
Main Link | Techmeme Permalink
Main Link | Techmeme Permalink
The irony is neither the chief idiot in the white house or any of these guys are geniuses 😏
Crypto: Fed proposes new stablecoin rules share.google/bTQJ69lUmmoN...
Crypto: Fed proposes new stablecoin rules share.google/bTQJ69lUmmoN...
U.S. Federal Reserve proposes new stablecoin rules
The U.S. Federal Reserve on Thursday proposed new rules for issuers of U.S. dollar-backed cryptocurrency tokens known as stablecoins, as required by last year’s GENIUS Act, which established a federal...
share.google
September 26, 2026 at 5:03 PM
The irony is neither the chief idiot in the white house or any of these guys are geniuses 😏
Crypto: Fed proposes new stablecoin rules share.google/bTQJ69lUmmoN...
Crypto: Fed proposes new stablecoin rules share.google/bTQJ69lUmmoN...