Corey DeRoche

Tag: US Senate

Trump’s Big Beautiful Bill: Sweeping Measure with Far-Reaching Consequences

Posted on by Corey DeRoche
In the early hours of Thursday morning, the House of Representatives passed a monumental tax cut bill, championed by President Donald Trump and his Republican allies. Dubbed "The One Big Beautiful Bill Act," this legislation aims to enact Trump's tax and spending priorities while adding a staggering $3.8 trillion to the US national debt over the next decade. The bill, which was approved with 215 votes in favor and 214 against, marks a...

Stablecoin Bill Advances Despite Concerns Over Trump’s Ties to Industry

Posted on by Corey DeRoche
In a move that has raised eyebrows in some quarters, 16 Democratic senators joined most Republicans on Monday to advance a bill aimed at creating a regulatory framework for stablecoins, digital assets whose value is pegged to traditional currencies or commodities. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, despite reservations about its impact on the crypto industry's ties to President Donald Trump,...