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Marking Congress’s first digital-asset law, the U.S. Senate has passed the GENIUS Act with bipartisan backing, setting dollar-backed reserve rules and shared state-federal supervision for stablecoins. Industry groups say the clarity could restore U.S. leadership ahead of an expected House review. The post Senate Passes GENIUS Act, Paving Way for $239B Stablecoin Expansion appeared first on Cryptonews.

Hong Kong has passed its Stablecoin Bill in a third reading, setting a detailed licensing path for fiat-backed tokens. By clarifying backing rules and interest treatment, the city has positioned itself as a regulated hub and invited banks and crypto firms to file with the HKMA before 2025. The post Hong Kong Passes Stablecoin Bill, Paving Way for Licensing Regime by Year-End appeared first on Cryptonews.