KUN, a Hong Kong-based company specialising in stablecoin payments, has closed its Series A funding round with oversubscription. The company, which has been operational for 20 months, said it has raised more than $50m since its establishment.

On Monday, Greene joined the MAGA blowback over how the Trump administration has handled the Jeffrey Epstein files, telling CNN’s Manu Raju that the FBI and DOJ’s flip-flops on the late child sex offender’s alleged “client list” were crossing a “red line.”

Democrats have also raised concerns that the legislation opens the door for major corporations to issue their own private cryptocurrencies.

Bank of America CEO Brian Moynihan said the bank is exploring stablecoin initiatives, as Congress considers a bill that would allow private companies to issue their own.

President Donald Trump said Tuesday, July 15, he has secured the commitment of House Republicans to vote in favor of the GENIUS Act after procedural failures halted its progress earlier in the day.