Senate advances stablecoin bill with bipartisan support

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

Senator Bill Hagerty’s GENIUS Act — aiming to establish regulatory guidelines for stablecoin issuers — advanced to the Senate floor today after a Banking Committee markup. 

If there’s bipartisan support for the legislation, it was not apparent during today’s debate. Democrats put forth a number of amendments to the bill, urging lawmakers to adopt further protections against money laundering and consider more strict guidelines for issuers to receive licenses. 

Republican Committee members voted against all of Sen. Elizabeth Warren’s proposed amendments, often with little…

Read more on Blockworks

Bitcoin 2025 Conference Brings Back Highly Anticipated Legal Education Program

BTC Inc., a leading provider of Bitcoin-related news and events, has announced the return of its Continuing Legal Education (CLE) program at The Bitcoin 2025 Conference in Las Vegas, Nevada. Scheduled for May 27th at the Venetian Expo Hall, this premier program provides legal and financial professionals with the opportunity to stay informed about the ever-evolving regulatory landscape surrounding Bitcoin.

Following a highly successful debut at Bitcoin 2024, where attorneys, startup founders, corporate legal teams, and policymakers praised the program for tackling crucial legal topics, the 2025 CLE session will continue to deliver valuable insights into the legal and regulatory…

Read more on BitcoinMagazine

LATEST: Cboe Submits 19b-4 Form for XRP Spot ETF with Franklin Templeton

The Chicago Board Options BZX Exchange has taken a significant step toward embracing digital assets by filing for a rule change to list and trade shares of the Franklin XRP ETF. This bold move follows Franklin Templeton’s filing of an S-1 registration with the SEC focusing on XRP the fourth-largest cryptocurrency by market cap which saw its value jump 2% following the news.

XRP’s rising prominence among digital assets is evident as Franklin Templeton alongside other heavyweight asset managers pushes to diversify investment products. This initiative not only includes XRP but also other cryptocurrencies like Solana and Dogecoin each potential subjects of future ETFs under Franklin’s expansive digital asset strategy aimed at broadening investor horizons.

With Coinbase Custody managing the XRP holdings the proposed ETF promises to offer investors seamless access to XRP’s performance without the complexities of direct ownership. As the market awaits regulatory nods for various crypto ETFs experts remain optimistic about their eventual approval highlighting a pivotal shift towards diversified and regulated investment options in the crypto space.