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A group of community bankers is pressing lawmakers to draw clear boundaries for yield-generating stablecoins, arguing that a lack of clear limits could draw deposits away from local banks and disadvantage small businesses and households.In a letter sent this week to the U.S. Senate, the American Ban…
The next year is set to be pivotal for cryptocurrency legislation, with the big question being whether lawmakers can pass an all-encompassing bill to regulate digital assets before the midterms.Crypto advocacy sources who spoke with The Block gave a range of 50% to 60% chance of such a bill becoming…
The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law on July 18, is billed as the statute that finally drags dollar‑pegged tokens out of the regulatory gray zone into a supervised, payments‑first framework. Supporters say it offers legal clarity, consumer…
Investors should exercise “discernment” when considering privately-issued stablecoins, which carry all the risks of a central bank digital currency (CBDC) plus their own unique risks, according to Jeremy Kranz, founder and managing partner of venture capital firm Sentinel Global.Kranz called private…
Today in crypto, the European Union is moving to expand its oversight of digital asset companies. Crypto funds saw strong inflows amid worries over the US government shutdown, and a Multicoin Capital executive said the Genius Act could finally give traditional banks a run for their money.EU eyes cry…
The “Bitcoin OG” that began rotating its $11.4 billion fortune to Ether in August continued buying ETH over the weekend and now holds $3.8 billion of it, onchain data shows. In its latest move, the Bitcoin whale sold 4,000 Bitcoin (BTC) worth $435 million, exchanging it for 96,859 spot Ether over a …
The total US dollar-pegged stablecoin market is projected to swell to $1.2 trillion by 2028, spurred on by comprehensive crypto regulations in the United States, according to crypto exchange Coinbase.Coinbase said the projections mean the US Treasury issuance would have to be $5.3 billion per week o…
The Blockchain Association and the Crypto Council for Innovation pushed back against recent claims by the banking industry that newly passed stablecoin legislation—known as the GENIUS Act—needs changes.In a letter sent to Senate Banking Committee leadership on Tuesday night, two leading crypto advoc…
The supply of yield-bearing stablecoins has surged since the United States’ passage in July of the GENIUS stablecoin bill, which prohibits issuers from offering yields on stablecoins.Data shows the biggest beneficiaries have been Ethena USDe (USDe) and Sky’s USDS (USDS), which provide a yield when t…
The recent US passage of the GENIUS Act marked a significant turning point for stablecoins, setting a regulatory precedent that may shape digital finance globally.Fabian Dori, chief investment officer at Sygnum Bank, joined the latest episode of Cointelegraph’s Byte-Sized Insight podcast, detailing …
Anchorage Digital, an institutionally-focused digital asset service provider, announced the launch of a stablecoin issuance platform on Thursday, tapping synthetic dollar and stablecoin issuer Ethena as its first partner client.The company will launch Ethena’s USDtb stablecoin in the United States, …
The GENIUS Act contains a little-noticed clause that prevents technology giants and Wall Street behemoths from dominating the stablecoin market, according to Circle Chief Strategy Officer Dante Disparte.“The GENIUS Act has what I’d like to call — just for my own legacy sake — a Libra clause,” Dispar…