Under President Trump's encouragement for the crypto sector, the U.S. Senate Banking Committee has successfully pushed forward a bill regulating stablecoins. This marks a significant move towards having the legislation reach President Trump's desk for his signature.

New data from the market intelligence platform Santiment suggests that the digital assets industry may be poised for a bullish move. In a new thread on the social media platform X, Santiment says that historically, when stablecoins activity rises when crypto prices are low, investors are ready to start accumulating assets.

The United States Senate Banking Committee elected to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in an 18-6 vote.None of the amendments proposed by Senator Elizabeth Warren made it into the bill, including her proposal to limit stablecoin issuance to banking institutions. “Without changes, this bill will supercharge the financing of terrorism.

Authorities in India have apprehended Aleksej Besciokov, the alleged co-founder of Garantex, a cryptocurrency exchange reportedly implicated in “extensive money laundering activities (MLA).” $60 Billion In Transactions Linked To Criminal Activity Besciokov, a 46-year-old Lithuanian national, was reportedly arrested while vacationing with his family in Varkala, a coastal city in the Indian state of Kerala.

The Senate Banking Committee passed the GENIUS Act with bipartisan support on an 18-6 vote, clearing the bill for the full Senate to consider.

Former Binance CEO Changpeng Zhao is pushing back on a Wall Street Journal report that Donald Trump has held talks with Binance to buy a stake in Binance.US.

Ondo Finance, BlackRock-Securitize and Superstate gained the most among the larger issuers, while Hashnote's USYC declined.

This is a segment from The Drop newsletter. To read full editions, subscribe.

The bill's sponsors say they intend for the GENIUS Act to receive a full vote on the Senate floor by the end of next month.

Bankers and their allies in the US Senate are pushing back against the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act over fears that stablecoins will disintermediate banks and erode banking market share.According to an article from American Banker, the bill requires 60 votes to pass in the Senate, meaning that at least seven Democrats will have to vote with Republicans to push through the Act. This could prove a difficult proposition, as US Senator Elizabeth Warren, one of crypto's staunchest political critics, is proposing an amendment prohibiting tech firms from issuing stablecoins.

After CZ partially refuted an explosive WSJ article, Bloomberg used its own sources to corroborate a few claims. It maintains that World Liberty Financial (WLFI), a project affiliated with the Trump family, considered doing business with Binance.

The reduced trading activity indicates rising uncertainty among investors, casting doubt on the durability of recent price recoveries.

TL;DR The U.S. Senate approved a bill in its Banking Committee to regulate stablecoins. The GENIUS Act received majority support from the committee with an 18-6 vote, but it still needs approval from the House of Representatives.

The U.S. Senate Banking Committee has approved the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), moving the bill closer to a full Senate vote. The legislation, introduced by Senator Bill Hagerty (R-TN), aims to create a federal framework for stablecoin regulation.

Crypto expert Rekt Capital recently discussed the altcoin season and provided an analysis which showed why the $425 billion market cap level is important. Meanwhile, Mags, another crypto expert, provided some insights into when the next altseason could occur.

Babylon Foundation airdrop registration has been extended to March 19, 2025. The airdrop was supposed to end on March 15 but was extended for 4 days.

The Wall Street Journal reported that representatives of the Trump family were in talks with Binance to take a stake in the exchange giant's U.S. arm.

BNB, the native token of Binance, surged by approximately 7.40% to tap $613 on Thursday before recoiling following reports that the Trump family has been exploring a potential investment in Binance.US.

Trump family representative reportedly held talks with Binance to take a financial stake in its U.S. arm after CZ sought pardon for his money laundering charges. The Binance founder denied the report, saying it was a war on crypto.

As cryptos disrupt traditional financial systems, Russia is taking a paradoxical approach. The central bank proposes to open exchanges to qualified investors while maintaining a cautious distance.

Coinbase Ventures has joined Echo.xyz, an on-chain private investment platform, as a “Group Lead” to expand funding opportunities for startups building on Base.

Turkey is making significant strides in bolstering its cryptocurrency regulations with new updates targeting crypto asset service providers (CASPs).

Polling of 19,000 households across 11 EU countries revealed that many people are perfectly happy with the payment methods they already use.

TL;DR Changpeng Zhao (CZ), former CEO of Binance, denied the Wall Street Journal's claims about possible negotiations between representatives of Trump and Binance.US. The businessman suggested that the report aimed to discredit both President Trump and the crypto industry.

The first committee approval of a stablecoin bill in this new congressional session now moves the so-called GENIUS Act toward the Senate floor.

The Senate Banking Committee voted to advance a monumental stablecoin bill, advancing it to the full Senate.

Crypto exchanges, custodians and wallet providers will now report to the CMB.

Russia's Ministry of Finance is set to legalize cryptocurrency through a controlled national framework, utilizing an experimental legal system to monitor and regulate its adoption, with the goal of creating a safer and more effective crypto environment. The post Russia's Ministry of Finance Plans to Regulate Crypto Operations with National Infrastructure appeared first on Cryptonews.

The Crypto Fear and Greed Index rebounded from its recent lows, showing diminished concerns of a bear market. However, several crypto stocks have posted huge losses, and gold is surging towards an all-time high.

Richard Teng, the CEO of Binance, says President Donald Trump's pro-crypto policies are forcing global regulators to rethink their approach. Speaking at CONVERGE LIVE in Singapore, Teng pointed to a clear shift from Biden's crackdown on crypto to an administration that is actively supporting the industry.

MoonPay Buys Stablecoin Infrastructure Platform Iron in Latest M&A Deal

New research by Dragonfly Capital reveals that U.S. users may have missed out on as much as $5.02 billion in potential revenue from geo-blocked airdrops.

Circle Internet Group is expanding its tokenized financial services in Bermuda.

Former Binance CEO Changpeng “CZ” Zhao has denied many of the claims in a Wall Street Journal report suggesting that he has been actively seeking a federal pardon from US President Donald Trump.In a March 13 X post following the release of the report, Zhao said he had no discussions regarding a business deal between the Trump family and Binance.US. He further denied claims that he wanted a presidential pardon from Trump, which could potentially allow him to assume an operational or management role at Binance.

Crypto payments company MoonPay said Thursday (March 13) that it expanded its enterprise offerings by acquiring API-first stablecoin infrastructure platform Iron. Iron's application programming interfaces (APIs) provide solutions for enterprises; FinTechs and payment processors; and marketplaces and merchants, MoonPay said in a Thursday press release emailed to PYMNTS.

GoPlus AVS Restakes 909K ETH, Pays Security Operators in $GPS

The Senate Banking Committee is considering bills to create a regulatory framework for dollar-denominated stablecoins and to prevent debanking due to "reputational risk."

Major cryptocurrency exchange Coinbase has announced its decision to delist three digital assets from its platform; meme coins Floki, GIGA and Turbo are affected in this latest cleanup. The move comes as part of the exchange's regular review process to ensure compliance and maintain quality standards.

The discussion is part of a broader strategy for Binance to re-establish its presence in the US.

TL;DR MoonPay has acquired Iron, a stablecoin infrastructure startup, expanding its presence in the enterprise market and its ability to provide transactions. The goal is to offer cryptocurrency payment solutions for businesses, positioning itself as a competitor to giants like Stripe.

Changpeng Zhao has dismissed a Wall Street Journal (WSJ) report suggesting he is discussing an investment deal with the family of US President Donald Trump in Binance.US, the American division of the global Binance crypto exchange.

The acquisition is comparable to Stripe's acquisition of stablecoin platform Bridge, and MoonPay's financial services will now include enterprise-grade stablecoin offerings.

The Indian Intelligence authorities arrested a Russian resident accused of involvement with Garantex, a cryptocurrency exchange. The exchange is said to help criminal entities such as terrorists and drug traffickers launder their money.

Pump.fun Trading Volume Plummets 63% in February

Changpeng Zhao (CZ) has taken to his account on the X social media platform to criticize the Wall Street Journal article about him allegedly pushing the president of the US for a pardon.

The denial highlights ongoing tensions in the crypto industry and potential political influences affecting its global perception. The post CZ denies WSJ's report of Trump-Binance deal talks, calls it an ‘attack on Trump and crypto' appeared first on Crypto Briefing.

Bolivia is facing a serious economic issue as the country has a severe lack of dollars and gasoline, forcing the state energy agency YPFB to use cryptocurrencies for energy imports. According to Reuters, a YPFB official acknowledged that the decision comes as Bolivia's foreign currency reserves plummet due to years of low natural gas exports.