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US Senate Committee’s stablecoin approval throws Tether lifeline

CoinGeek LogoCoinGeek18h ago

US Senate Committee’s stablecoin approval throws Tether lifeline - CoinGeek

Quick Summary:

On March 13, the Senate Banking Committee made history in the stablecoins space by approving the GENIUS Act, which was introduced recently by Sen.Hagerty.

The post US Senate Committee’s stablecoin approval throws Tether lifeline appeared first on CoinGeek.

The bill, which Lummis reintroduced last week, calls on the government to buy up to one million BTC—at a current cost of $80 billion-plus—by issuing new gold certificates based on the true market price of the gold in Fort Knox, the value of which hasn’t been updated in half a century.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 14:00:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 2966 words

Reading Time: 17 minutes read

Sentences: 110 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 27086189

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Official Website: coingeek.com

Update Frequency: 3 posts per day

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Headquarters: Canada

News Last Updated: 20 hours ago

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Publisher ID: #82

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  • URL: https://beamstart.com/news/us-senate-committees-stablecoin-approval-174222113

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