The US Senate confirms FDIC acting chairman Travis Hill to lead the agency, which regulates stablecoin issuers and impacts how the crypto industry is banked
In a package of confirmations, the U.S. Senate approved Mike Selig to lead the CFTC and Travis Hill to run the FDIC, both with major potential reach into crypto.
Paxos applies to create a US national trust bank, which would let it manage and hold assets on behalf of customers, following Circle's and Ripple's applications
Here's why that matters Paxos : Paxos to Pursue National Trust Charter with the Office of the Comptroller of the Currency Ronaldo Marquez / Bitcoin Insider : Paxos Applies To Establish National Trust ...
Total crypto market value surpassed $4T for the first time, driven by altcoin rallies and US legislative momentum; Ether jumped 22% over the past five days
“Crypto Week” Lives Up to the Hype — 🔹 Bitcoin hit an all-time high above $122,800 … Ben Lavi : 🚨 The $4 Trillion Moment? — Today, the total cryptocurrency market cap may surpass $4 trillion for t...
Trump's EO to protect the dollar bars any further work on a CBDC and aligns the government's interests with those of stablecoin issuers like Tether and Circle
Bloomberg :
Trump's EO to protect the dollar bars any further work on a CBDC and aligns the government's interests with those of stablecoin issuers like Tether and Circle
Bloomberg :
JPMorgan: Tether, Circle, and other stablecoin issuers now hold $80B of short-term US government debt, accounting for 2% of the Treasury bills market as of May
Ownership highlights how digital asset players are encroaching on traditional markets — Stablecoin issuers like Tether … Tweets: @eden_holdings Tweets: @eden_holdings : “Tether and its peers account...
If crypto continues to integrate into the real economy, cryptocurrency sell-offs could impact ordinary people, especially if there are runs on stablecoins
which is now collapsing Rani Molla / Vox : Is this another tech bubble bursting? Brady Dale / Axios : Terra briefly halts blockchain amid stablecoin uproar Something Interesting : Autopsy and aftermat...
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute” the network, after UST and LUNA collapsed
Terra's “Stable” Coin Destabilizes Finsmart Community / Finsmart's Newsletter : Could this be the end of $UST / $LUNA? Ian Allison / CoinDesk : ‘Stable in Name Only’: Stablecoin Issuers Speak Out as U...
US policy makers identified stablecoins as an initial target for regulation, asking lawmakers to pass legislation that would treat stablecoin issuers like banks
US policy makers identified stablecoins as an initial target for regulation, asking lawmakers to pass legislation that would treat stablecoin issuers like banks
Digital assets tied to the dollar could pose risk to broader financial system, policy makers say Tweets: @ronwhammond , @jessmarindavis , and @dizer_ym Tweets: Ron Hammond / @ronwhammond : “It's helpf...