Judge Strikes Federal Rule Requiring Employers to Accommodate Employee Abortions
A federal rule that required employers to give workers time off and other accommodations for abortions is illegal, a judge ruled on May 21.
The Equal Employment Opportunity Commission (EEOC) went beyond a law crafted by Congress—the Pregnant Workers Fairness Act (PWFA)—when it
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Wall Street Journal
7 hours ago
- Wall Street Journal
A Senate Stablecoin Breakthrough
What do you know? Congress is stepping up to do at least one job. The Senate this week passed a bill, 68-30, to establish a regulatory framework for crypto stablecoins. With one big caveat, this is a good development. Stablecoins are a form of digital currency pegged to another fiat currency or asset like gold and are designed to hold a constant value. If you buy $1 of a stablecoin, you are supposed to be able to redeem it for $1 in hard currency. They are also supposed to be backed by safe and liquid assets like Treasurys and bank deposits similar to government money-market funds.
Yahoo
8 hours ago
- Yahoo
Congress introduces the CLARITY act to regulate digital assets
Congress introduces the CLARITY act to regulate digital assets originally appeared on TheStreet. In a major bipartisan move, U.S. lawmakers have introduced the Digital Asset Market Clarity (CLARITY) Act—a bill designed to finally bring clear regulations to the crypto and digital asset industry. Announced on May 29, the legislation is being led by House Financial Services Committee Chairman French Hill (R-AR), along with a wide coalition of Republicans and Democrats, including House Majority Whip Tom Emmer and Reps. Ritchie Torres (D-NY) and Angie Craig (D-MN). Chairman Hill said the bill 'brings long-overdue clarity to the digital asset ecosystem, prioritizes consumer protection and American innovation.' He added, 'I look forward to delivering our bill to President Trump's desk and securing America's position as the global leader in digital assets.' House Agriculture Committee Chair G.T. Thompson, a co-sponsor, called it 'an exciting step towards delivering the certainty and clarity digital asset entrepreneurs and markets need.' Rep. Emmer praised the bill as a step toward ensuring 'the next iteration of the internet is developed by Americans and driven by our values.' The legislation sets out clear roles for regulators and is designed to unleash innovation, while also protecting consumers from scams and fraud. It builds on momentum from last year's FIT21 Act, which passed the House with strong bipartisan support. Subcommittee Chair Bryan Steil said, 'The golden age of digital assets is here. America won't just participate in the Web3 revolution; we will win it.' Rep. Warren Davidson said the bill 'protects the right to self-custody and the freedom to transact,' values he says are essential for innovation and economic freedom. Rep. Angie Craig emphasized that crypto is no longer niche. 'Digital assets…are becoming more and more integrated with our current financial architecture.' Rep. Ritchie Torres echoed the call for clarity, saying, 'For too long, regulatory uncertainty has held back the full potential of digital innovation.' If passed, the CLARITY Act will create the first comprehensive legal framework for digital assets in the U.S., potentially setting the global standard. Congress introduces the CLARITY act to regulate digital assets first appeared on TheStreet on May 29, 2025 This story was originally reported by TheStreet on May 29, 2025, where it first appeared.
Yahoo
8 hours ago
- Yahoo
Superintelligent CEO warns of complication ahead for crypto regulation
Superintelligent CEO warns of complication ahead for crypto regulation originally appeared on TheStreet. Superintelligent founder and CEO Nathaniel Whittemore hailed the passage of the GENIUS Act, that deals with stablecoin regulation, in the Senate as 'encouraging.' Speaking to TheStreet Roundtable host Scott Melker, Whittemore said it has been remarkable for the legislation to secure a 'bipartisan consensus,' given the kind of noise it generated toward the end. However, Whittemore flagged one potential complication ahead for crypto regulation in the U.S. He said that he didn't find the attempts by a lot of people, including Representative Warren Davidson (Rep.-R-OH-8), to combine the crypto market structure bill to the stablecoin bill, logical. Melker agreed, calling it a 'disaster' because the market structure bill is far more complicated than the stablecoin bill as it's going to deal with a number of issues, such as how to distinguish between a security and a commodity, how crypto exchanges operate, etc. 'That's no way that gets done by August if they do that,' Melker added. Whittemore agreed how the market structure bill is far broader in its scope. He gave the example of Congressman Tom Emmer (R-MN) introducing a bill to address the securities versus commodities designation and underlined how leaders have tried to introduce parts of the market structure bill as separate bills because tackling the broader bill is 'such a big thorny issue.' The two also discussed the promising performance of the Circle (NYSE: CRCL) stock around the time the GENIUS Act passed. Circle is the company behind the USDC stablecoin that went public on June 5. Its stock surged past the $200 price mark following the GENIUS ACT passing the Senate. At press time, it was trading at $241.80. Melker praised the company for capturing 'this perfect moment in time' when there was a thirst among investors for stablecoins. Whittemore concurred, saying all the market cared about was exposure to stablecoins. The more the Circle stock rises, the more institutions will get involved, he said and underlined that it consolidates Circle's position as a legitimate and regulated stablecoin in the U.S. Superintelligent CEO warns of complication ahead for crypto regulation first appeared on TheStreet on Jun 20, 2025 This story was originally reported by TheStreet on Jun 20, 2025, where it first appeared. Sign in to access your portfolio
