The United States Senate is attempting to pass a bill that would establish a framework for legally issuing stablecoins in the States, dubbed the GENIUS Act.
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Plasma Attracts $500 Million for ICO—And One Trader Spent $100K on Ethereum Gas Fees
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Plasma’s $500 million vault raise coincided with major stablecoin developments: the US Senate advanced the GENIUS Act to regulate stablecoins issuance, and Circle’s USDC stock reportedly more than quadrupled after its NYSE debut
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