Hong Kong's legislature passed a stablecoin bill on Wednesday that establishes a licensing regime for fiat-referenced stablecoin issuers in Hong Kong, providing regulatory clarity for upcoming stablecoin issuers.

A battle has erupted within the Senate Democratic Conference over a bipartisan bill that would pave the way for broader commercial acceptance of cryptocurrency assets known as stablecoins, which

Hong Kong overpowers the US in crypto regulation as the city establishes a licensing regime for fiat-referenced stablecoin issuers.

Hong Kong passes a stablecoin bill requiring issuers to obtain licenses from Hong Kong Monetary Authority, marking a major step in crypto regulation.

The U.S. Senate is poised to try another high-stakes procedural vote to push stablecoin legislation forward, which could mark a major win for the crypto sector.

Sen. Warren, the ranking member of the Banking Committee, is on the opposing side of the so-called GENIUS Act.

There is a “first of its kind” crypto bill making progress through the Senate that you’re going to be tempted to snooze on because a) it’s about “stablecoins,” which is a subcategory of crypto – a parallel financial system almost no one understands,

A bill to regulate stablecoins passed a key procedural hurdle in the Senate Monday night, paving a path for final passage of legislation pushed by the crypto industry.