Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

Bitcoin’s Correction Could Be the Setup for the Next Leg Up

July 18, 2025

Nasdaq applies to include staking in BlackRock’s Ethereum ETF as SEC weighs broader industry requests

July 18, 2025

How Dolce & Gabbana Burned NFT Buyers and Evaded Blame

July 18, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    Bitcoin’s Correction Could Be the Setup for the Next Leg Up

    July 18, 2025

    Bitcoin Primed for Further Upside Based on Current Market Structure, Says Crypto Analytics Firm – Here’s the Outlook

    July 18, 2025

    Congress Fumbles GENIUS Act and CBDC Bills; What Went Wrong?

    July 17, 2025

    Analyst Says BTC Reversal ‘Just a Matter of Time’ Amid Euphoria – Here’s His Outlook

    July 17, 2025

    Solana rally incoming? – How Ethereum could trigger SOL price surge

    July 18, 2025

    SharpLink now holds 280K ETH, flips Ethereum Foundation’s 241K stash: Will this change things?

    July 17, 2025

    Ethereum Price Explodes 40% in July as ETF Inflows Hit Record $726M

    July 17, 2025

    Assessing if Ethereum could flip $3K into support, if so, what’s ahead?

    July 17, 2025

    GENIUS Act Headed to Trump

    July 18, 2025

    Crypto Analytics Firm Swissblock Points to Further Bitcoin (BTC) Upside, Says Altseason May Already Be Here

    July 18, 2025

    Assessing why XRP’s run to its ATH faces a MAJOR risk!

    July 17, 2025

    House Passes Motion To Reconsider Key Bills

    July 17, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    Bitcoin’s Correction Could Be the Setup for the Next Leg Up

    July 18, 2025

    Nasdaq applies to include staking in BlackRock’s Ethereum ETF as SEC weighs broader industry requests

    July 18, 2025

    How Dolce & Gabbana Burned NFT Buyers and Evaded Blame

    July 18, 2025

    Kadena Report Categorizes ERC-3643 as Top Standard in Compliant RWA Tokenization

    July 18, 2025
  • DeFi

    Arthur Hayes-linked wallet bags $2M worth of AAVE and LDO in an OTC deal

    July 18, 2025

    Memecoins and DeFi beat Bitcoin as BONK, CRV, FRAX post over 20% gains in 24 hours

    July 17, 2025

    Best memecoins to buy right now: SPX, FLOKI, FARTCOIN

    July 17, 2025

    Aethir and Credible launch first DePIN-powered crypto credit card

    July 17, 2025

    World Liberty Financial holders back WLFI public trading with massive 99.9% positive votes

    July 17, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Kadena Report Categorizes ERC-3643 as Top Standard in Compliant RWA Tokenization

    July 18, 2025

    Asia-Pacific Faces Record Bitcoin Thefts and Deadly “Wrench Attacks”—Chainalysis

    July 18, 2025

    Boundless beta launch triggers new era of zero-knowledge market infrastructure

    July 18, 2025

    Westpac and Australia’s RBA Launch Chainlink-Based Tokenized Asset Settlement Project

    July 17, 2025

    MITRE Launches New Framework to Tackle Crypto Risks

    July 16, 2025

    Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

    July 11, 2025

    Scam targets dormant Bitcoin wallets with fake legal notice

    July 9, 2025

    North Korean Hackers Target Crypto Firms with Novel macOS Malware

    July 3, 2025

    Bitcoin’s Correction Could Be the Setup for the Next Leg Up

    July 18, 2025

    Nasdaq applies to include staking in BlackRock’s Ethereum ETF as SEC weighs broader industry requests

    July 18, 2025

    How Dolce & Gabbana Burned NFT Buyers and Evaded Blame

    July 18, 2025

    Kadena Report Categorizes ERC-3643 as Top Standard in Compliant RWA Tokenization

    July 18, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    How Dolce & Gabbana Burned NFT Buyers and Evaded Blame

    July 18, 2025

    SaaS Mortgage Software Market Market Likely to Boost in Future: Ellie Mae, Black Knight

    July 18, 2025

    Waterleaf International Announces Appointment of Dave Burg to Board of Directors

    July 17, 2025

    Soaring Demand Set to Propel Sports Betting Market to $153.71 Billion by 2029

    July 17, 2025

    GaFin Joins Efforts with Helium Wars to Redefine the Future of Web3 Gaming

    July 16, 2025

    Crypto games are struggling in 2025, but big brands aren’t giving up

    July 16, 2025

    ‘League of Kingdoms’ Expands Into ‘Arena-Z’ as New Games and Tokens Emerge

    July 16, 2025

    R-Games and LoveBit Unite to Power ESG-Driven Web3 Gaming

    July 15, 2025

    Bitcoin’s Correction Could Be the Setup for the Next Leg Up

    July 18, 2025

    Nasdaq applies to include staking in BlackRock’s Ethereum ETF as SEC weighs broader industry requests

    July 18, 2025

    How Dolce & Gabbana Burned NFT Buyers and Evaded Blame

    July 18, 2025

    Kadena Report Categorizes ERC-3643 as Top Standard in Compliant RWA Tokenization

    July 18, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Nasdaq applies to include staking in BlackRock’s Ethereum ETF as SEC weighs broader industry requests

    July 18, 2025

    Congress To Start ‘Crypto Week’ to Decide U.S. Digital Asset Regulation

    July 18, 2025

    Congress moves forward on digital asset regulations with GENIUS, CLARITY Acts

    July 18, 2025

    Imminent Crackdown on Offshore Evasion Rings

    July 18, 2025

    Bit Origin lines up $500M to build Dogecoin treasury as corporate altcoin bets expand

    July 18, 2025

    DV8 completes first step in Thai crypto treasury pivot with 99.9% warrant execution

    July 17, 2025

    US Marshalls ‘forfeited’ Bitcoin stash may be $20B smaller than estimated, raising eyebrows about reserve

    July 17, 2025

    BofA CEO confirms bank is exploring stablecoins for potential payment revolution

    July 17, 2025

    Bitcoin’s Correction Could Be the Setup for the Next Leg Up

    July 18, 2025

    Nasdaq applies to include staking in BlackRock’s Ethereum ETF as SEC weighs broader industry requests

    July 18, 2025

    How Dolce & Gabbana Burned NFT Buyers and Evaded Blame

    July 18, 2025

    Kadena Report Categorizes ERC-3643 as Top Standard in Compliant RWA Tokenization

    July 18, 2025
  • Analysis

    Ripple’s XRP Hits New ATH Following Successful Crypto Week

    July 18, 2025

    Ethereum rallies as traders bet on $4K target and altcoin season

    July 17, 2025

    XRP Price Prediction For July 17

    July 17, 2025

    Top Crypto Exchange by Trading Volume Binance Announces Airdrop for New Ethereum (ETH) Ecosystem Altcoin

    July 17, 2025

    Tether fuels crypto ecosystem with new $2 billion USDT mint

    July 16, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Is Tokenization?

    July 11, 2025

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    Binance, Coinbase feud heats up amid Bloomberg report dispute

    July 15, 2025

    Binance processes $125 trillion trades as users exceed 280 million

    July 15, 2025

    Bitget Wallet launches new Pump.fun integrated mobile app for meme coin trading

    July 13, 2025

    Binance allegedly wrote the code for WLFI’s stablecoin USD1

    July 12, 2025

    Bitcoin’s Correction Could Be the Setup for the Next Leg Up

    July 18, 2025

    Nasdaq applies to include staking in BlackRock’s Ethereum ETF as SEC weighs broader industry requests

    July 18, 2025

    How Dolce & Gabbana Burned NFT Buyers and Evaded Blame

    July 18, 2025

    Kadena Report Categorizes ERC-3643 as Top Standard in Compliant RWA Tokenization

    July 18, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Taxes & Regulation»Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act
Taxes & Regulation

Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act

June 12, 2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bank of America is set to join the stablecoin game, with CEO Brian Moynihan confirming the lender’s plans to issue a dollar-pegged stablecoin. This move comes as the bank works on an internal build alongside other industry participants, with progress contingent on forthcoming federal rules. Moynihan emphasized the need for the bank to be prepared even though demand for stablecoins remains uncertain.

In the meantime, US lawmakers are discussing legislation that could create a clear regulatory framework for stablecoins. This bill would establish uniform requirements for reserve quality, redemptions, and disclosures, allowing banks like Bank of America to assess the viability of launching a stablecoin.

On the other side of the Atlantic, Societe Generale-FORGE recently introduced USD CoinVertible, a US dollar token native to Ethereum and Solana. This stablecoin complies with the EU’s Markets in Crypto-Assets framework and is the French lender’s second stablecoin offering. BNY Mellon has been appointed as the reserve custodian for the stablecoin, with daily collateral breakdowns set to be published.

Trading for USD CoinVertible is scheduled to begin in early July, allowing for seamless conversion between dollars, euros, and the token. Societe Generale-FORGE CEO Jean-Marc Stenger highlighted the client demand for round-the-clock settlement as the driving force behind the creation of this stablecoin.

In the world of legislation, the Senate recently advanced the GENIUS Act, which aims to regulate stablecoins in the US. The act would require payment stablecoins to maintain one-to-one backing with high-quality liquid assets and segregate reserves from operating funds. With a final vote on the GENIUS Act looming, senators are debating amendments to clarify oversight of non-bank issuers and remove proposed bans on in-kind redemptions.

See also  US court strikes down controversial SEC 'dealer' rule

Overall, the stablecoin landscape is evolving rapidly, with major financial institutions like Bank of America and Societe Generale-FORGE entering the market. Regulatory developments, such as the GENIUS Act, are also shaping the future of stablecoins and providing a clear framework for their operation. It will be interesting to see how these developments unfold in the coming months.

ACT America Bank dollarpegged Eyes FastTracking GENIUS Senate Stablecoin
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Nasdaq applies to include staking in BlackRock’s Ethereum ETF as SEC weighs broader industry requests

July 18, 2025

Congress To Start ‘Crypto Week’ to Decide U.S. Digital Asset Regulation

July 18, 2025

GENIUS Act Headed to Trump

July 18, 2025

Congress moves forward on digital asset regulations with GENIUS, CLARITY Acts

July 18, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Ethereum (ETH) on the Verge of Crash, $1,000 Calling?

April 7, 2025

Enhancing Security in Online Gambling with Blockchain Technology

April 11, 2025

Don’t FOMO and CounterFire Unite for Epic Blockchain Adventures

January 2, 2025
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin’s Correction Could Be the Setup for the Next Leg Up

July 18, 2025

Nasdaq applies to include staking in BlackRock’s Ethereum ETF as SEC weighs broader industry requests

July 18, 2025

How Dolce & Gabbana Burned NFT Buyers and Evaded Blame

July 18, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.