Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Claims That The EU Will Launch Digital Euro On Ethereum Or Solana: Response Comes

28/08/2025

“Will ETH Price Continue to Rise?”

28/08/2025

Fed’s Hammack Says ‘No’ to Rate Cut; Bitcoin Slips to Session Low Below $113K

28/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    “Will ETH Price Continue to Rise?”

    28/08/2025

    Ethereum’s Early August Surge Meets Reality Check as Bears Eye Dip Below $4,000

    27/08/2025

    DeFi Treasury Protocol ETH Strategy Deploys Over 50% of Its ETH for Yield

    27/08/2025

    Ether could face volatility as markets eye Powell at Jackson Hole

    27/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    27/08/2025

    Blue chip NFTs sink double digits as ETH retreats from record highs

    26/08/2025

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    26/08/2025

    What’s Behind the Double-Digit Declines?

    26/08/2025

    Claims That The EU Will Launch Digital Euro On Ethereum Or Solana: Response Comes

    28/08/2025

    “Will ETH Price Continue to Rise?”

    28/08/2025

    Fed’s Hammack Says ‘No’ to Rate Cut; Bitcoin Slips to Session Low Below $113K

    28/08/2025

    Australian CEO faces allegations of misleading investors over crypto firm collapse

    28/08/2025
  • Blockchain

    Flipflop Launches 30 Projects, Introducing a Bitcoin-Inspired Launchpad on Solana

    26/08/2025

    Zoro and CDARI Ally to Trigger AI Agents for OnChain Purchases and Rewards

    26/08/2025

    Blazpay Joins Gmatrix to Redefine Web3 by Merging AI, DeFi, and Gaming

    26/08/2025

    KAJ Labs Integrates Hive MCP to Power AI Agents with Real-Time Blockchain Context

    26/08/2025

    ULTILAND Taps Fableration to Fuse AI Publishing and Cultural RWAs on Solana

    26/08/2025
  • DeFi

    WLFI Futures Tumble 44% on Debut as Traders Short the Trump-Linked Token

    27/08/2025

    Flare and MoreMarkets Partner to Unlock OnChain Yield for XRP Holders

    27/08/2025

    Ethereum Reclaims DeFi Crown, Sentora Says Chain Now Holds 62% of TVL

    27/08/2025

    What is DeFi in Crypto?

    27/08/2025

    DeFi Stablecoin Yield Aggregator AutoStaking Partners With Orbiter Finance for Cross-Chain Bridge Solution

    27/08/2025
  • Metaverse

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025

    The Sandbox Game Maker: Unleashing Revolutionary Metaverse Experiences

    07/08/2025

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025
  • Regulation

    Fed’s Hammack Says ‘No’ to Rate Cut; Bitcoin Slips to Session Low Below $113K

    28/08/2025

    Asia’s wealthy investors direct liquidity into as Bitcoin rallies stoke interest

    27/08/2025

    Major Pension Fund Unlocks $133M Crypto Investment

    27/08/2025

    Loop Crypto raises round led by VanEck, Fabric Ventures

    27/08/2025

    A 20x Surge in RWAs and a $3 Billion ETF Influx Solidify Ethereum’s Market Dominance

    27/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    OKX Lists $WLFI Pre-Market Perpetuals as Tate Brothers Jump In

    27/08/2025

    Terminus Taps Digital Era Bank to Bridge Crypto and Fiat Transfers Globally

    27/08/2025

    South Korea Experiences Trading Volume Explosion in 14 Altcoins – Majors Take Top Three Spots

    27/08/2025

    Binance Faces Allegations of Market Games as Solana Nears BNB

    27/08/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Play Solana to ship handheld gaming device in October

    27/08/2025

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    26/08/2025

    Pudgy Penguins launches “Early to the Party” Soulbound Token ahead of Pudgy Party release

    26/08/2025

    ‘Sugar Match’ Puts a Crypto Twist on ‘Candy Crush’ via Tezos Etherlink Network

    26/08/2025

    TeraWulf’s Multi-Billion Dollar HPC Deal Backstopped by Google

    27/08/2025

    Unveiling Massive US Expansion & 10K BTC Holdings

    27/08/2025

    Bitcoin Miner Hut 8 Surges 10% on 1.5GW Expansion Plans

    27/08/2025

    Modular Bitcoin Miner Challenging Bitmain’s Dominance

    27/08/2025

    Claims That The EU Will Launch Digital Euro On Ethereum Or Solana: Response Comes

    28/08/2025

    Australian CEO faces allegations of misleading investors over crypto firm collapse

    28/08/2025

    Vancouver Explores Bitcoin Taxes, Reserves, and Pool Heating

    27/08/2025

    Telegram founder Pavel Durov says case going nowhere, slams French gov

    27/08/2025

    Claims That The EU Will Launch Digital Euro On Ethereum Or Solana: Response Comes

    28/08/2025

    “Will ETH Price Continue to Rise?”

    28/08/2025

    Fed’s Hammack Says ‘No’ to Rate Cut; Bitcoin Slips to Session Low Below $113K

    28/08/2025

    Australian CEO faces allegations of misleading investors over crypto firm collapse

    28/08/2025
  • MarketCap
NBTC News
Home»Legal»It’ll Pay to ‘Choose Circle Over Tether’ Under U.S. Stablecoin Proposal
Legal

It’ll Pay to ‘Choose Circle Over Tether’ Under U.S. Stablecoin Proposal

NBTCBy NBTC20/04/2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The U.S. company Circle would have an easier time than Tether choosing to comply with the stablecoin regulations proposed by U.S. Sens. Cynthia Lummis and Kirsten Gillibrand.

Lummis argued U.S. customers will prefer U.S.-regulated stablecoin issuers.

Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill’s authors, Sen. Cynthia Lummis (R-Wyo.).

“Let’s say you’re a U. S. consumer,” and you’re not an expert in the details about specific stablecoin issuers, Lummis told CoinDesk TV in an interview. She argued such a person is likely to favor companies overseen by U.S. regulations.

“If that were me, I would choose Circle over Tether,” said Lummis, who introduced the latest stablecoin legislative proposal this week with her usual crypto partner Sen. Kirsten Gillibrand (D-N.Y.).

Stablecoins are designed to be tokens with steady value – typically pegged to the U.S. dollar – and are vital for use in other crypto trading or contracts. The Lummis-Gillibrand proposal is positioned as a work-in-progress bill meant to start conversations and to be modified for melding with whatever version emerges from the House, she said. But as it stands, it echoes other previous legislative efforts in demanding a bank-like regulatory regime for stablecoin issuers.

“This is very much oriented towards a U.S.-regulated company, and so Tether, if it chooses to remain offshore … that’s a business choice for them,” Lummis said, and the company and token, (USDT), would presumably be picked up by other regulators and continue operating beyond the U.S. system. “We’re very focused on companies that are located and embedded in the U. S. economy.”

Still, she said she’d expect existing stablecoin leaders such as Circle would have major regulatory hurdles to clear, such as getting licensed with a federal regulator. (Circle, as it exists today, would not be allowed to issue its (USDC) under the proposed bill, which demands that businesses issuing more than $10 billion in tokens be regulated depository institutions – either on the state or federal level.)

Circle hasn’t responded to requests seeking comment on the bill.

“We’re glad we went ahead and put it out just to get some good feedback,” Lummis said, describing it as a “very firm, solid regulatory framework” that’s meant to satisfy lawmakers who are worried about the crypto disasters they’ve been witnessing since 2022. “We’re happy to adjust it according to changes the House might want to make, changes the White House might want to make, changes the industry might want to make.”

While cryptocurrency legislation remains a longshot for this session of Congress, when viewing its current political turmoil, party divisions, workload and proximity to elections, several prominent lawmakers continue to issue optimistic statements. Recently, Senate Banking Committee Chairman Sherrod Brown (D-Ohio) reportedly said he’s willing to talk about stablecoins (though alongside a number of his other banking priorities), and Senate Majority Leader Chuck Schumer (D-N.Y.) also said he’s open to it.

The House Financial Services Committee’s heads recently met with Schumer about moving crypto legislation, though it’s unclear how far those talks have advanced. Lummis said Thursday that she’s still waiting to see what emerges from the committee’s chiefs, Reps. Patrick McHenry (R-N.C.) and Maxine Waters (D-Calif.). Spokespeople for both lawmakers did not return requests for comment about the Lummis-Gillibrand bill.

Read More: U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New BillNikhilesh De contributed reporting.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Claims That The EU Will Launch Digital Euro On Ethereum Or Solana: Response Comes

28/08/2025

Australian CEO faces allegations of misleading investors over crypto firm collapse

28/08/2025

Vancouver Explores Bitcoin Taxes, Reserves, and Pool Heating

27/08/2025

Telegram founder Pavel Durov says case going nowhere, slams French gov

27/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Claims That The EU Will Launch Digital Euro On Ethereum Or Solana: Response Comes

28/08/2025

“Will ETH Price Continue to Rise?”

28/08/2025

Fed’s Hammack Says ‘No’ to Rate Cut; Bitcoin Slips to Session Low Below $113K

28/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.