
The stablecoin bill sponsored by Senator Bill Hagerty (R-TN) is moving to the next stage of the legislative process after securing support from the Senate Banking Committee with a bipartisan 18-6 vote. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act aims to establish clarity on the regulation of stablecoins – cryptocurrencies that […]
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The stablecoin issuer Tether has hired a new chief financial officer (CFO) and committed to completing a full audit. The veteran finance executive Simon McWilliams will now serve as CFO for Tether, which issues the dollar-pegged USDT, the top stablecoin by market cap. McWilliams will lead the stablecoin issuer toward a full audit and “spearhead […]
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