Trump signs stablecoin law
Digest more
Jim Cramer warns Circle may lose its edge as BlackRock and Fidelity eye stablecoins, even as Circle stock hits an all-time high post-GENIUS Act.
Tether plans to launch a U.S.-specific stablecoin under the new GENIUS Act, while Circle affirms its long-standing compliance.
Paolo Ardoino, Tether's chief, said his firm will come to the U.S., is chasing high-level auditing and will adjust reserves, but Jeremy Allaire said Circle is already compliant.
Tether and Circle CEOs laid out their plans for the future after President Trump signed sweeping stablecoin legislation into law.
Shares of Circle Internet Group are surging Wednesday morning. The stock is gaining following a legislative reversal in Washington.
A key federal banking regulator is set to receive a wave of charter applications under stablecoin legislation heading to President Donald Trump, potentially stretching the agency’s capabilities even as its workforce shrinks.
Circle shares slid Tuesday after the House blocked a key procedural vote, stalling momentum on legislation the industry has counted on for regulatory clarity.
Congress delivered a watershed victory for the crypto industry on Thursday, passing the first federal legislation to regulate stablecoins and clearing the way for broader use of the technology in everyday finance.
Jeremy Allaire, Circle CEO, joins 'Money Movers' to discuss stablecoin demand, the future of fintech and crypto.