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Tag Archives: Economy

GENIUS Act: A Turning Point for Stablecoin Regulation

The U.S. Senate has taken a significant step toward regulating the stablecoin market by advancing the GENIUS Act with strong bipartisan support. The bill, which passed 66–22, establishes clear rules for stablecoin issuers, requiring them to maintain equivalent reserves, provide consumer protections in the event of insolvency, and adhere to established anti-money laundering and counter-terrorism protocols.

Financial institutions and market analysts see the legislation as a meaningful attempt to integrate digital assets into the broader financial system. By clarifying expectations and formalizing oversight, the bill is expected to reduce uncertainty and encourage more institutional involvement in the digital currency space. Supporters believe this framework could help bridge the gap between traditional finance and crypto markets, enabling stablecoins to function more securely and transparently.

Some lawmakers feel the bill leans too heavily in favor of industry players. Their concerns include the ability to exploit loopholes and enforcement measures as well as issuance exemptions for the President and Vice President. 

As the bill moves to full Senate review, its future remains uncertain, but it clearly signals the beginning of more structured federal engagement with digital assets. Whether or not it passes, the GENIUS Act marks an important moment in the evolution of cryptocurrency regulation.

Food & Drink Looking Good for 2023

A recent study by Marcum LLP indicates that over two-thirds of executives in the food and beverage industry maintain a positive outlook for 2023. Executives in food manufacturers, eateries, distributors, retailers, and agriculturists were asked about the various issues facing their work and businesses. With close to 70% of respondents pointing to an increase in… Continue Reading

Moxion Power Batteries are on Set

Close to half of the carbon emissions of any movie are produced by the fuel used to power generators and transportation needs, according to the Sustainable Production Alliance. That is why movie sets are going green with cleaner energy batteries. Moxion Power technologies are replacing diesel generators on sets film and TV sets for creators… Continue Reading

U.S. Museum Workers Unionizing Despite Labor Movement Slump

National union membership has reached historic lows; according to the Bureau of Labor Statistics, 10.3% of employed Americans are members of a union. And yet, over the past few years, workers at more than ten American art museums have formed unions to improve their wages and conditions of employment. In 2020, some 250 curators, stewards, conservators, guides,… Continue Reading

Pandemic Brings New Opportunities for Entrepreneurs

Pandemic Brings New Opportunities for Entrepreneurs

A growing number of Americans are starting their own business. The reasons behind this pandemic-driven entrepreneurial surge vary: some were laid off because of COVID and transitioned their “side hustle” to be their primary form of income; others took the time to reconsider their priorities and gave up on their grueling corporate jobs; for some,… Continue Reading

Trading Card Business Goes to Fanatics

Topps, the trading card business that paired Bazooka bubble gum and baseball cards over fifty years ago, has been bought by Fanatics, the sports memorabilia company. The sale valued Topps’s sports and entertainment sectors at just over $500 million. Topps lost its 70-year-old licensing agreement with Major League Baseball and the Major League Baseball Players Association… Continue Reading

BI Trends for 2022

It seems that automation is permeating practically every aspect of our lives. From grocery shopping to banking, communicating to cooking—automation functions and platforms are making every task easier and accessible. And business intelligence (BI) is no exception. Automation is set to be one of the biggest trends in that industry in 2022. Alongside process automation,… Continue Reading