A bipartisan group of U.S. senators is pressing Treasury Secretary Scott Bessent to keep state regulators meaningfully involved as the U.S. writes the rules for stablecoins under the GENIUS Act fight. The fight now is not whether stablecoins get regulated — they will — but whether states get a real lane or just a decorative […]
Read Full Article
A bipartisan group of U.S. senators is pressing the Treasury Department to spell out how states can qualify for stablecoin oversight under the GENIUS Act. Cynthia Lummis leads bipartisan push for clearer Treasury guidance States say the rules are too vague to prove they’re “substantially similar” Certification process, timelines, and procedures are still missing Federal […]
Read Full Article
Binance is back under the regulatory microscope, this time over potential sanctions violations tied to Iran. A Treasury Department letter has reportedly put the world’s largest crypto exchange in the crosshairs again, underscoring the uncomfortable reality that “borderless money” still has to survive the boring, brutal machinery of state power. Treasury scrutiny: Binance reportedly received […]
Read Full Article