The debate over stablecoin rewards seems to be the final stumbling block to Congress passing the Clarity Act.
The bill follows years of warnings from Canada's election watchdog and comes one day after the U.K. announced a moratorium on political crypto donations.
US Senate Majority Leader John Thune said he does not expect the bill to clear the Senate Banking Committee before April, Punchbowl reported.
CFTC Chair Michael Selig said the agency is drafting asset taxonomy, DeFi guidance and leveraged trading rules.
The Bank Policy Institute is reportedly weighing a lawsuit against the OCC over national trust charters for crypto and fintech firms.
UK is working to finalize its broader crypto rulebook, but firms like Coinbase are urging regulators to avoid restrictive stablecoin policies.
Russia's central bank proposed allowing banks to obtain crypto exchange licenses based on their existing banking licenses, Interfax reported.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Sen. Murphy plans legislation banning prediction market bets on government actions after $1 million in profits tied to Iran strike contracts.
White House advisor Patrick Witt also recently pushed back against JPMorgan CEO Jamie Dimon’s comments on the topic.
Trump's direct involvement is required, but it is hard to see that occurring while the U.S. is in armed conflict with Iran, TD said.
FATF flagged AML risks from peer-to-peer stablecoin transfers, pointing to freeze and deny-list controls as potential safeguards.
The ABA urged the OCC to confirm that resolution tools are sufficient for uninsured crypto banks before approving further charters.
And the more significant challenge is securing enough Democratic support in the Senate for the crypto legislation, TD Cowen added.
Gold's breakout above $5,000 and Clarity Act uncertainty are putting crypto's next market move to the test, Matt Hougan said.
Bank of America CEO Brian Moynihan warned that stablecoin yield rules could shift up to $6 trillion in deposits from banks.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The incoming policy chief arrives as the crypto industry seeks to influence the market structure bill in Congress, including its heavy DeFi implications.
Expected attendees include Coinbase CEO Brian Armstrong, Galaxy Digital CEO Mike Novogratz, Uniswap CEO Hayden Adams, and others.
The government’s shutdown may not completely derail cryptocurrency legislation efforts, but insiders say it’s certainly not helping.
"This is a textbook example of more clarity for the digital asset space," said Bloomberg Intelligence analyst James Seyffart.
Excluding digital assets from the UK-US Tech Bridge would be a "missed opportunity" that risks leaving Britain on the sidelines, they said.
One of Washington's largest lobbying groups focused on decentralized finance is debuting the nonprofit DeFi Education Foundation.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Top crypto firms such as a16z crypto, the Solana Policy Institute, Uniswap Labs, and more signed on to the comments.
Ant Group and JD urged the PBOC to authorize yuan-backed stablecoins in addition to those pegged to the Hong Kong dollar, Reuters reported.
The frameworks propose bringing assets like stocks, bonds, and funds onchain as well as carve outs for autonomous, non-custodial blockchain protocols.
Facebook's earlier Libra project collapsed under regulatory pressure, but a slew of Big Tech firms are now exploring stablecoin adoption.
A group of cryptocurrency advocacy groups urged lawmakers to include legislation to protect software developers in to a larger bill.