Large US banks are paying close attention to the emergence of stablecoins as an increasingly serious rival to established banking services. On recent earnings c ...

A decade after stablecoins first emerged as an almost instantaneous payment method used mainly by crypto adopters, the Genius Act is giving these coins more solid footing with financial regulators and ...

Investors bet passing of Genius Act and other legislation will send billions of Wall Street dollars into digital assets ...

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

The Genius Act may give commercial banks and central banks even more power to control the creation and storing of money, ...

“Crypto Week,” as it was dubbed by GOP leadership, culminated in a bipartisan 308-122 House vote approving the GENIUS Act, a ...

There would be a great irony if cryptocurrency — which was created in 2008 to provide an alternative to the mainstream financial system that had just failed — led to another economic crash. But that ...

The U. S. House of Representatives has approved the GENIUS Act, the inaugural federal regulatory framework targeting ...

Some large US lenders, including Bank of America (BofA) and Citibank, are working on launching stablecoins at a time when the country is looking to adopt more crypto-friendly regulations.

Bank of America beat estimates for second-quarter profit on Wednesday, driven by tumultuous markets that helped its traders ...