Meanwhile, the move by Congress to pass the stablecoin legislation without attaching another piece of payments legislation, the Credit Card Competition Act, deals a blow to the chances for passage of the CCCA in the current Congress, observers say. “The avenues for CCCA are dwindling and it continues to face an uphill battle,” Talbott says.

Experts say the legislation could unleash a tidal wave of new stablecoins—and fresh complaints about President Trump's crypto entanglements.

Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.

Bitcoin price, XRP and other cryptos have seen big gains this week. The crypto industry notched its first major crypto regulatory win in the U.S. late Thursday.

The GENIUS Act prompted Ripple and Circle to apply for U.S. bank charters as Congress cleared new stablecoin regulations.

Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.

Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.

The GENIUS Act is the first federal legislation to regulate stablecoins, requiring full 1:1 backing, public reserve disclosures, and federal licensing. Stablecoins offer faster, cheaper,