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Stablecoins, or cryptocurrencies pegged to a stable asset like gold or the U.S. dollar, have ballooned into a $227 billion market. While federal regulation has been slow to materialize, that may soon change. On Thursday, the Senate Banking Committee will mark up the bipartisan GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), which aims to establish a regulatory framework for stablecoins. Meanwhile, The US Securities and Exchange Commission may be preparing to end its enforcement action against Ripple Labs after more than four years.
00:00 Intro 00:19 Sponsor: Uphold 00:36 DeFi Broker rule 00:58 House Floor Debate 01:34 Dems fight back against bill 03:05 Why the bill doesn't work 04:37 Vote results 05:08 Dex volume 05:56 Elizabeth Warren against STABLE Act 06:31 Stablecoins 06:53 Stripe panic acquisition 07:20 Stripe stablecoins will 10X business 08:20 Ripple Monica Long: Floodgates oopen 09:55 SEC closing XRP case? 10:31 Wyoming stablecoin 11:30 Gov. Mark Gordon, the world is watching 13:04 Outro
#Crypto #XRP #ethereum ~DeFi Bill Passes!✅Stablecoin Bill Tomorrow! |