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The proposal aligns with recently elected President Lee Jae-myung's promise to approve and promote a Korean won-based stablecoin market.
Senate Majority Leader John Thune filed cloture on the GENIUS Act for a Wednesday vote, according to Bloomberg.
Iurii Gugnin, a 38-year-old New York resident and Russian national, was arrested and arraigned Monday on charges related to the alleged scheme.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Whether through IPO or sale, Uphold is seeking a valuation north of $1.5 billion, a person familiar with the matter told The Block.
The head of the Securities and Exchange Commission is turning a new page at the agency in how it views self-custody.
President Santiago Peña's social media post also linked to a Bitcoin address and encouraged citizens to "invest."
The firm's spot Bitcoin fund, the largest of its kind, passed $70 billion in AUM in 341 of trading, five times faster than a gold fund.
Lawmakers have included a measure aimed at protecting software developers in the latest version of a digital asset market structure bill.
Less than a week on the public market, issuers have already filed for ETFs tracking the stock behind the second-largest stablecoin.