Search results for Thom Tillis
Crypto
Clarity bill faces new ethical clause sticking point in U.S. Senate
A U.S. cryptocurrency regulatory proposal known as the Clarity bill may face renewed resistance in the Senate as disagreements emerge over an ethics provision. Republican Senator Thom Tillis, a key negotiator on the Senate Banking Committee, said he would oppose the bill if it does not include ethics language. Analysts said the provision could affect businesses tied to President Donald Trump’s family, complicating talks ahead of expected Senate debate resuming after May.
Crypto
U.S. banks face May 1 deadline to comment on OCC stablecoin rules
U.S. banks have until May 1 to submit views on the Office of the Comptroller of the Currency’s proposed rules tied to the GENIUS bill. The draft lays out reserve standards, custody rules, capital requirements and supervisory authority, and would require federal approval for issuers with more than $10 billion in stablecoins outstanding. Smaller issuers could operate under state frameworks certified by the Treasury, the Federal Reserve and the FDIC.
Crypto
U.S. banking lobby seeks delay to GENIUS Act rollout amid stablecoin rulemaking hurdles
The American Bankers Association is seeking more time to submit comments as U.S. agencies draft rules to implement the GENIUS Act, a stablecoin bill. It asked the Treasury Department, the FDIC, FinCEN and OFAC to extend deadlines and to allow 60 more days after the OCC issues final rules. The law takes effect 120 days after final rules or 18 months after enactment, whichever is earlier.
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Crypto
Five obstacles to U.S. CLARITY bill, from Trump controversy to stablecoin interest
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Crypto
U.S. senator urges delay of CLARITY Act until May as bank-crypto split persists
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Crypto
Coinbase CLO says lawmakers cannot back CLARITY and oppose stablecoin rewards
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Crypto
U.S. banks-White House clash intensifies as stablecoin interest compromise becomes flashpoint
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Crypto
Stablecoin growth likely to have limited impact on U.S. banks in near term, infrastructure barriers in focus
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Crypto
U.S. Clarity Act delays release of stablecoin interest language until after next week
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Crypto
CLARITY Act vote faces more delay as Senate panel schedules Kevin Warsh hearing first
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Politics
Trump pressures Fed Chair Powell to step down in May, threatens dismissal
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Finance
U.S. Treasury\'s Bessent says no need to rush rate cuts, stay put for now
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Crypto
U.S. senator may unveil draft compromise on stablecoin interest in CLARITY bill this week
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Crypto
Fed chair nominee Wash discloses over $100 million in assets, including crypto and AI investments
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Crypto
Lummis says missing CLARITY Act window could delay passage until 2030
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Crypto
Bessent urges rapid Senate action on CLARITY Act
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Crypto
Coinbase says it cannot support current draft as backlash leaves U.S. Clarity Act in limbo
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Crypto
U.S. Senate to take up Clarity Act in late April as stablecoin interest provision holds it up