The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.

As Trump prepares to sign the law, Consumer Reports' senior director monitoring digital marketplaces, Delicia Hand, told Ars that the group plans to work with other consumer advocates and the implementing regulator to try to close any gaps in the stablecoin legislation that would leave Americans vulnerable.

Ether and other crypto related stocks climbed to end the week as the GENIUS Act heads to President Donald Trump's desk to be signed into law. Bitcoin and its proxies took a breather. The price of ether was last higher by 3.

Europe and the U.S. have acted to regulate Stablecoin issuers and service providers. Could this provide a boost for UK and European fintechs working in the sector?

Charles Schwab plans to launch Bitcoin, Ethereum trading, calling it a meaningful growth driver for the $10.7 trillion company.

There is perhaps no hotter segment in the cryptocurrency world at the moment than stablecoins. Companies like Amazon or Walmart are considering adopting them, while big banks such as JPMorgan Chase and Citigroup are exploring launching their own stablecoins, according to The Wall Street Journal.

KUN, a Hong Kong-based company specialising in stablecoin payments, has closed its Series A funding round with oversubscription. The company, which has been operational for 20 months, said it has raised more than $50m since its establishment.

Citigroup Inc. is considering issuing its own stablecoin, positioning the company as a possible early mover in the push by traditional banks to expand into cryptocurrencies.