Representative Image (AI) The United States Senate has advanced the Genius Act, a landmark bill aimed at regulating stablecoins, a type of cryptocurrency pegged to assets like the US dollar or gold. The bill passed a key procedural vote with a 66-32 margin, overcoming earlier opposition from Senate Democrats.The Genius Act introduces first of its…
Image used for representative purposes The Supreme Court on Monday questioned the Centre’s delay in establishing a definitive policy for cryptocurrency regulation, expressing concerns over its economic implications. The bench, comprising Justices Surya Kant and N Kotiswar Singh, drew parallels between Bitcoin transactions and illegal “hawala” operations. Justice Kant observed, “Trading in Bitcoin is an…
Bitcoin surpassed $100,000 for the first time on Thursday, following Republican Donald Trump‘s presidential victory in the United States, creating optimism for a cryptocurrency-friendly regulatory framework.The cryptocurrency‘s value has doubled this year, showing a 45% increase in the four weeks since Trump’s electoral victory, which also resulted in several cryptocurrency-supporting legislators entering Congress.As of 02.40…