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One Small Step for Regulatory Clarity, One Giant Leap for a Crypto Rebound?

U.S. GENIUS Act passes committee for broader senate consideration!

Author

Austin Hodge
March 14, 2025 • Read Time: 13 minutes

As the U.S. Senate Banking Committee pushes ahead with the GENIUS Act, strong bipartisan support offers a hopeful glimpse at clarity for oversight and regulation. With an 18-6 committee vote propelling the bill forward, this new legislative chapter attempts to balance the virtues of federal and state oversight. The impending Senate debate over the regulatory chessboard promises to be no small engagement as stablecoins increasingly inch their way into the mainstream.

Meanwhile, dedollarization efforts build momentum in Africa and Latin America while Russia announces plans for a national crypto trading framework. With Gold setting records, Bitcoin rebounding, and Trump’s administration pushing for additions to the crypto reserve, what does the latest chapter in global finance have in store?

Let's dive in!

  • US Senate Banking Committee advances the GENIUS Act regulating stablecoins and aiming for clarity in federal and state oversight. — Read More

  • In the latest dedollarization effort, an African payment provider is testing a platform for local currency. — Read More

  • Brazil prioritizes blockchain over a common currency in BRICS trade, focusing on efficiency improvements. — Read More

  • Bitso reports a 12% increase in Latin American crypto users, with 38% holding three or more cryptocurrencies in response to regional economic challenges. — Read More

  • A recent ECB survey reveals European reticence to embrace the digital euro with consumers favoring cash and existing payment methods. — Read More

  • Russia plans a controlled crypto trading system limited to wealthy investors, using a three-year experimental framework. — Read More

  • BlackRock's BUIDL token, backed by U.S. Treasuries, reaches $1 billion with a $200M push from Ethena. — Read More

  • Crypto firm RedotPay raises $40 million in Series A funding to enhance a borderless payment system, integrating fiat with cryptocurrency. — Read More

  • Telegram Wallet introduces multi-asset trading and permanent earn options within its app, enhancing user experience while adapting to regional regulations. — Read More

  • Turkey enforces comprehensive crypto regulations with detailed guidelines on establishment, operations, and capital adequacy, monitored by the Capital Markets Board. — Read More

  • Ledger's security report highlights vulnerabilities in Trezor Safe 3 and Safe 5 despite security improvements, leaving them susceptible to supply chain attacks. — Read More

  • YPFB to use crypto for fuel imports as Bolivia faces dollar shortage and protests. — Read More

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