The SEC has submitted commission-level interpretive guidance, which is currently at the prerule stage undergoing interagency review.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Some crypto advocates argue the decision could open the door to payment-focused financial institutions that operate without traditional deposit-lending models.
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.
Prediction markets platform Polymarket has archived a contract on whether a nuclear weapon would be detonated this year.
The prolonged debate around stablecoin interests has led to the delay of a broader digital asset market structure legislation.
Indiana Governor Mike Braun signed House Bill 1042 into law on Tuesday, allowing certain state retirement programs to offer crypto exposure.
Top Republican Rep. French Hill has some advice for his colleagues in the Senate on how to unstick its stablecoin yield problem.
"To us, the banks will eventually lose on this issue politically as they are arguing against consumers getting paid money."
JPMorgan's CEO argued that yield-bearing stablecoins should face the same regulatory requirements as bank deposits amid policy negotiations.
Iran's cryptocurrency ecosystem has contracted sharply and shifted into risk containment mode in the wake of military strikes, said TRM Labs.
The bill includes a provision prohibiting the Federal Reserve from issuing a CBDC through the beginning of 2031.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Commodity Futures Trading Commission Chair Michael Selig tapped David Miller to lead the agency's enforcement division.
Even as crypto sentiment remains weak, JPMorgan analysts see the possible mid-year approval of U.S. market structure legislation as a positive catalyst.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Senate Democrats are urging AG Pam Bondi to investigate Binance following reports that the crypto giant may be violating sanctions laws.
U.S. officials said they froze and seized roughly $580 million in cryptocurrency linked to Chinese scam networks targeting Americans.
Minnesota lawmakers considered bill to ban crypto kiosks after testimony detailed $80,000 elder fraud case and overseas transfers.
Some senators warned that stablecoin yields could blur the line between crypto products and traditional bank deposits.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Former FTX CEO Sam Bankman-Fried's support of a broader cryptocurrency bill isn't sitting well with either side of the aisle in the Senate.
Bluprynt secured $4.2 million in a seed funding round led by major industry players, including Coinbase Ventures and Robinhood.
The bill seeks to open up crypto investment options for public retirement plans and protect digital asset activities on an individual level.
The GENIUS Act will take effect on the earlier of 18 months after enactment, which would make it Jan. 18, 2027.
About 94,636 BTC tied to the 2016 Bitfinex hack, roughly 30% of the U.S. Strategic Bitcoin Reserve, remain frozen pending legal proceedings.
Bitwise CIO Matt Hougan said crypto markets may be underestimating Wall Street's accelerating shift toward tokenization.
The funds were traced to crypto wallets allegedly used to launder money stolen from victims lured online to fake trading platforms.
Sen. Richard Blumenthal has opened an inquiry into crypto giant Binance following reports of potential sanctions violations.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.