GENIUS Stablecoin Bill Passes to Next Stage of Voting
The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, passed in a 66-32 Senate vote on May 20. “The motion to invoke cloture on the motion to proceed…
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Trump Crypto Ventures Face Investigation Over Fraud, Bribery, and Conflicts Of Interest
Top House Democrats have launched an inquiry into President Donald Trump’s crypto ventures, citing concerns over potentially illegal fundraising, foreign influence, and abuse of political power. In line with this,…
SEC Chair Declares a ‘New Day’ in Aim to Become ‘Crypto Capital of the Planet’
Atkins opened the meeting, stating that the topic of the discussion is timely as “securities are increasingly migrating from traditional (or “off-chain”) databases to blockchain-based (or “on-chain”) ledger systems.” The…
GENIUS Act Gains Support from a16z’s Chris Dixon and Coinbase’s Brian Armstrong
Major industry figures, such as Chris Dixon and Brian Armstrong, have publicly backed the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. This endorsement comes ahead of…
US Treasury Predicts Stablecoin Market Could Surge to $2 Trillion by 2028
With the growth of the cryptocurrency and digital asset economy has come the expansion of the stablecoin market in the United States and abroad, stated the US Treasury in a…
Fed Lifts Crypto Restrictions for Banks in Landmark Shift
The Federal Reserve Board on Thursday announced the withdrawal of guidance for banks related to their crypto asset and stablecoin activities, with changes to its expectations for these engagements. According…
California Crypto Self-Custody and Payments Bill Passes Committee
California Assembly Bill 1052, or the “Digital Assets Bill” (formerly the Money Transmission Act), passed a Committee vote with bipartisan support on April 21. It was introduced by Assembly Member…
Crypto Takes Off in Panama: City to Accept Bitcoin, Ethereum for Public Services
Panama City’s council is all set to accept cryptocurrency payments for taxes, fees, tickets, and permits. The decision, announced on April 16th, marks a significant step in Panama’s integration of…
US DOJ Disbands Crypto Enforcement Unit
The U.S. Department of Justice (DOJ) has announced that it will no longer pursue criminal cases against crypto exchanges, developers, or users involved in regulatory violations. This follows the disbanding…
SEC Readies for First Crypto Regulation Roundtable
The SEC’s Crypto Task Force will host a roundtable titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading” on April 11 at the regulator’s headquarters in…