An executive at major stablecoin issuer Circle denied reports that the company is looking to obtain a US federal bank charter.In an April 25 X post, Circleâs chief strategy officer and head of global policy, Dante Disparte, denied that the company is
Bitcoin adoption among United States financial institutions could see a major boost after the US Federal Reserve withdrew its guidance discouraging banks from engaging with cryptocurrency.On April 24, the Fed withdrew its 2022 supervisory letter that
Under new SEC guidelines, stablecoins that meet certain criteria are considered ânon-securitiesâ and are exempt from transaction reporting requirements, the United States Securities and Exchange Commission said in a notice published April 4. "Covered
Stablecoin issuers should be restricted from providing yield-bearing opportunities to protect the legacy banking system, which issues home mortgages and small business loans, US Senator Kirsten Gillibrand said at a summit in Washington, DC.Speaking a
US Senator Bill Hagerty has introduced a bill to create a regulatory framework for stablecoins that would bring tokens such as Tether and USD Coin under Federal Reserve rules.The Tennesse Republican said in a Feb. 4 statement that the stablecoin bill
Following board restructuring, Genius Groupâs plan includes holding 90% of its reserves in Bitcoin, mirroring MicroStrategy.
Genius Group to prioritize bitcoin as the primary asset for its treasury. Smart Bitcoin Investment for Genius Group Genius Group, an AI-powered education and acceleration group has decided to adopt a âbitcoin-firstâ strategy, making bitcoin its prima
Singapore-based education technology company Genius Group Limited (NYSE American: GNS) has implemented a bold âBitcoin-firstâ strategy, allocating Bitcoin as its primary treasury reserve asset. The decision, approved by the companyâs restructured boa