Crypto legislation is hitting another snag this week — this time from the top Republican and top Democrat of the Senate Judiciary Committee.
U.S. prosecutors did not liquidate digital assets forfeited by Samourai Wallet developers, according to the White House's top crypto advisor.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A bill to regulate the cryptocurrency industry could be finalized within the next few weeks, according to Michael Novogratz, CEO of Galaxy.
Goldman Sachs CEO David Solomon said the firm is devoting significant resources to tokenization, stablecoins, and prediction markets.
Three House Democrats are urging the SEC to explain its crypto enforcement retreat and the pause in the Justin Sun case.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Despite the postponement of a hearing that could have advanced crypto legislation, lawmakers insist the effort is far from dead.
Generic’s natively private stablecoin, GUSD, reroutes yield away from issuers to applications and users in a bid to reshape incentives.
Ripple will provide $150 million in financing as LMAX Group integrates RLUSD as collateral across its institutional trading venues.
Bank of America CEO Brian Moynihan warned that stablecoin yield rules could shift up to $6 trillion in deposits from banks.
The Senate Banking Committee postponed a markup hearing for the legislation late Wednesday after Coinbase pulled its support for the bill.
A combination of timing pressures and unresolved policy concerns led Coinbase to withdraw its support for a sweeping cryptocurrency bill.
Former New York City Mayor Eric Adams denied allegations that his newly launched NYC Token was involved in suspicious liquidity withdrawals.
The Senate Banking Committee has pulled its hearing to amend and vote on sweeping crypto legislation following a tumultuous few days.
Coinbase won't be supporting the Senate Banking Committee's sweeping cryptocurrency legislation, its CEO said.
Lawmakers face a pivotal Senate hearing with over 70 amendments in play, as debates over stablecoin yield and DeFi come down to the wire.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitnomial noted that regulated futures are “a prerequisite for spot crypto ETF approval under the SEC’s generic listing standards."
Galaxy Research says illicit finance provisions in the Senate Banking draft go far beyond the House’s Clarity Act.
Kraken remains king in actively traded tokenized stocks, while Ondo has scaled issuance faster through its partnership with Bitget.
Lawmakers and the crypto industry are sifting through pages and pages of bill text, with much of the focus being on stablecoin rewards.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The updates allow traditional money market funds to plug into blockchain-based settlement and record-keeping systems.
Senators introduced a bill that clarifies that software developers who do not control users' funds are not considered money transmitters.
New CFTC Chhair Michael Selig debuted a committee as the agency seeks to define its approach to prediction markets and crypto.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bernstein said the window to pass the bill is rapidly narrowing amid a dispute between banks and the crypto industry over stablecoin rewards.
The rally came shortly after Powell said that the DOJ had threatened him with criminal charges over his June 2025 congressional testimony.
Coinbase may withdraw its support from the market structure bill if it imposes broader limits on stablecoin rewards, Bloomberg reported.