Christine Lagarde just dropped a bombshell, warning EU finance ministers that watering down euro stablecoin rules isn't just a minor tweak; it's a direct threat to the very bedrock of bank funding and the smooth operation of interest rate policy.
The Senate's markup of the U.S. Clarity Act, a significant piece of digital-asset legislation, is underway. Yet, the bitcoin market appears remarkably calm, ignoring the high stakes involved.
Crypto exchanges have reportedly waged an intense lobbying effort to scuttle a provision in the CLARITY Act that would have restricted the handling of risky tokens. The push appears to be working, with lawmakers eyeing swift passage of the bill.
Hong Kong's greenlit its first stablecoin issuers: HSBC and a joint venture packing Standard Chartered, Animoca Brands, and HKT. Big banks dipping toes into crypto—skeptical eyes watching who pockets the real gains.
Everyone figured MiCA would let stablecoins bloom under careful watch. France's Bank just called for hard caps on non-euro ones, flipping the script on dollar dominance in a euro-first power play.
Everyone braced for endless regulatory limbo on stablecoins. FDIC's bold proposal flips the script, crafting a framework that could turbocharge adoption.
Imagine stablecoins — crypto's steadiest bucks — finally getting the federal leash they've craved. FDIC's fresh proposal isn't just paperwork; it's the spark for a payments revolution.
Circle couldn't move faster to stop the Drift hack without legal risk. Here's why the stablecoin issuer's caution—not negligence—is the real story.
The OCC just handed Coinbase a trust charter. Community bankers are furious. And they might have a point.
The crypto market structure bill—Congress's most serious attempt at comprehensive digital asset regulation—is stalled over arcane language about how much interest stablecoins can pay. It's a mess that reveals something deeper about why crypto regulation keeps failing.