Jason Brett

2 weeks ago | unchainedcrypto.com | Jason Brett

After failing in a 48-49 procedural vote earlier this month, the GENIUS Act — a bill that would establish federal oversight of payment stablecoins — is getting a second chance today. The legislation returns to the Senate floor for another cloture vote at 5:30 p.m. ET following a week of bipartisan negotiations and a revised draft released over the weekend. Does that mean passage is likely? Actually, even though Democrats obtained several concessions, it’s a toss-up.

4 weeks ago | unchainedcrypto.com | Jason Brett

For almost a decade, Tether, the largest stablecoin issuer in the world, has dodged allegations of incomplete reserves and rumors because it operated in the shadows outside of regulation. And now Senate Republicans (and maybe Democrats) appear to be poised to remove that stigma by pulling Tether into U.S. jurisdiction. On Thursday, the Senate failed to push through a vote to try and begin formal debate on a newly revised version of the stablecoin bill.

4 weeks ago | unchainedcrypto.com | Jason Brett

Correction and updates, Saturday, May 10, 2025, 12:07pm ET: This article has been updated to state that a definition in the current form of the bill will not apply to DeFi. Unchained originally inaccurately reported that the bill would hurt DeFi. Unchained regrets the error. Additionally, this article has been updated to say that exclusions were added to the definition of a digital asset service provider, and a three-year compliance grace period was added for exchanges and custodians.

4 weeks ago | unchainedcrypto.com | Jason Brett

The U.S. Senate came close to passing long-awaited stablecoin legislation this week — but ultimately, politics prevailed over policy. The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), was blocked on the floor in a 48–49 cloture vote.

1 month ago | unchainedcrypto.beehiiv.com | Jason Brett |Steven Ehrlich |Juan Aranovich

Hi! In today’s edition: ❌ Stablecoin bill stalls 🚀 Liquidations follow Bitcoin surge 📉 Coinbase profit collapses ⚖️ Celsius’s Mashinsky jailed 🤝 Ripple and SEC settle 🇪🇺 CRO ETF launches despite drama By Jason Brett, Tikta and Steven Ehrlich The U.S. Senate came close to passing long-awaited stablecoin legislation this week — but ultimately, politics prevailed over policy.