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New Fed Chair Kevin Warsh Ditches Rate Signals, Bitcoin Slides as Nasdaq Bounces 1.5%

Federal Reserve Chairman Kevin Warsh used his debut press conference on June 17 to strip away decades of central bank communication habits, and markets spent the following day sorting out…

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Fed Joins 4 Agencies to Demand ID Programs From Payment Stablecoin Operators

The U.S. Federal Reserve and four partner agencies moved Thursday to impose bank-grade customer identification requirements on payment stablecoin issuers, while a top Fed governor warned the broader legislative framework…

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Coinbase Bets on Proshares ETF as Stablecoin Reserve Standards Evolve

Coinbase invested in Proshares’ GENIUS Money Market ETF as stablecoin reserve standards evolve. The fund uses short-term U.S. Treasurys, cash, and cash equivalents, giving issuers another compliance-focused option for backing…

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