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WH CRYPTO CZAR SACKS: STABLECOIN BILL WOULD CREATE DEMAND FOR US DOLLARS
WH CRYPTO CZAR SACKS: CRYPTO BILL 'VERY CLOSE'
$CRCL - CIRCLE SHARES RISE 7.8% AFTER US SENATE PASSES STABLECOIN BILL
STABLECOIN BILL MAY BOOST DOLLAR'S GLOBAL POWER: DEUTSCHE BANK
A new Senate-approved bill regulating stablecoins could strengthen the U.S. dollar’s global dominance in the digital era, says Deutsche Bank strategist Marion Laboure. If passed, the law would allow dollar-pegged stablecoins—already the majority of the market—to draw in foreign liquidity. This could speed up digital dollar use in unstable economies without needing a central bank digital currency or traditional banking systems.
A new Senate-approved bill regulating stablecoins could strengthen the U.S. dollar’s global dominance in the digital era, says Deutsche Bank strategist Marion Laboure. If passed, the law would allow dollar-pegged stablecoins—already the majority of the market—to draw in foreign liquidity. This could speed up digital dollar use in unstable economies without needing a central bank digital currency or traditional banking systems.
$COIN - COINBASE SEEKING US SEC APPROVAL TO OFFER BLOCKCHAIN-BASED STOCKS
BERNSTEIN: STABLECOINS COULD BECOME INTERNET’S MONEY RAIL UNDER NEW LAW
Bernstein says the GENIUS Act, up for a Senate vote this week, could transform stablecoins from a crypto tool into a core part of internet finance. The law would create a clear framework for U.S. stablecoin issuers and bar non-compliant foreign ones.
Key points:
🔸 Three issuer types: bank subsidiaries, OCC-approved firms, and state-qualified entities
🔸 Strict reserves: 100% backed by short-term U.S. Treasuries, repos, or deposits
🔸 Not deposits or securities, but treated as digital cash
🔸 Full compliance rules: AML/KYC and restrictions for non-financial firms
Bernstein sees this as a foundation for the next wave of financial innovation and stablecoins’ integration with capital markets.
Bernstein says the GENIUS Act, up for a Senate vote this week, could transform stablecoins from a crypto tool into a core part of internet finance. The law would create a clear framework for U.S. stablecoin issuers and bar non-compliant foreign ones.
Key points:
🔸 Three issuer types: bank subsidiaries, OCC-approved firms, and state-qualified entities
🔸 Strict reserves: 100% backed by short-term U.S. Treasuries, repos, or deposits
🔸 Not deposits or securities, but treated as digital cash
🔸 Full compliance rules: AML/KYC and restrictions for non-financial firms
Bernstein sees this as a foundation for the next wave of financial innovation and stablecoins’ integration with capital markets.
*WALMART AND AMAZON ARE EXPLORING ISSUING OWN STABLECOINS -- WSJ
AMERICAN EXPRESS: COINBASE ANNOUNCED IT WILL LAUNCH COINBASE ONE CARD, ON AMERICAN EXPRESS NETWORK- WEBSITE
$COIN - COINBASE TO LAUNCH PERPETUAL FUTURES IN US
BLACKROCK: TARGETING TO BECOME LARGEST CRYPTO ASSET MANAGER ($50BLN+ AUM) GLOBALLY BY 2030
BESSENT: STABLECOINS COULD LOCK IN DOLLAR DOMINANCE
PAYMENT COMPANY STRIPE TO ACQUIRE CRYPTO WALLET PROVIDER PRIVY
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