Ripple CEO has thanked the US Senate for passing the GENIUS Act, naming it the first major financial bill since the Dodd-Frank Act.

South Korea and the U.S. are moving forward with landmark legislation regulating stablecoins. The U.S. proposes a dual ...

Conversely, South Korea’s Digital Asset Basic Act, championed by President Lee Jae-myung, adopts a more sweeping approach. It ...

South Korea leads the US in crypto regulation with a stablecoin legalization proposal put forward by Lee Jae-myung's ...

South Korea's central bank governor said on Wednesday he was not against issuing won-denominated stablecoins but had concerns ...

A major legislative initiative by South Koreas Democratic Party to regulate digital asset service providers, cryptocurrencies, and stablecoins has been launched with the implementation of a Digital ...

Cloture is a key step in the Senate’s process. By invoking cloture, lawmakers limit further debate and prepare to move directly to a final vote on the bill.

SEOUL, - Round-up of South Korean financial markets: ** South Korean shares rose on Wednesday, led by a renewed rally across tech firms amid policy optimism over artificial intelligence and ...

A South Korean court has cleared President Lee Hyung-soo of Haru Invest of embezzlement and fraud charges worth $650 million. Tuesday’s Seoul Southern District Court ruling followed a year of legal ...

A South Korean lawmaker has introduced a new stablecoin bill, which aims to improve the crypto landscape in the region.

The GENIUS Act, officially the Guiding and Establishing National Innovation for U.S. Stablecoins Act, passed a key procedural hurdle in the Senate on May 19. The bipartisan vote limits debate on ...

Moreover, because the U.S. dollar is the global reserve currency and is involved in almost 90% of foreign exchange transactions, the Genius Act will encourage global use of U.S. stablecoins.