Stablecoins, or cryptocurrencies pegged to a stable asset like gold or the U.S. dollar, have ballooned into a $227 billion market. While federal regulation has been slow to materialize, that may soon change. On Thursday, the Senate Banking Committee will mark up the bipartisan GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), which aims to establish a regulatory framework for stablecoins. Meanwhile, The US Securities and Exchange Commission may be preparing to end its enforcement action against Ripple Labs after more than four years.
00:00 Intro
00:19 Sponsor: Uphold
00:36 DeFi Broker rule
00:58 House Floor Debate
01:34 Dems fight back against bill
03:05 Why the bill doesn’t work
04:37 Vote results
05:08 Dex volume
05:56 Elizabeth Warren against STABLE Act
06:31 Stablecoins
06:53 Stripe panic acquisition
07:20 Stripe stablecoins will 10X business
08:20 Ripple Monica Long: Floodgates oopen
09:55 SEC closing XRP case?
10:31 Wyoming stablecoin
11:30 Gov. Mark Gordon, the world is watching
13:04 Outro
#Crypto #XRP #ethereum
~DeFi Bill Passes!✅Stablecoin Bill Tomorrow!🚨XRP Set To Explode!🚀~
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