Yield-bearing stablecoins could kill banking — US Senator Gillibrand
The New York lawmaker said stablecoin issuers should not be protected by the Federal Deposit Insurance Corporation because they are not banks.
The New York lawmaker said stablecoin issuers should not be protected by the Federal Deposit Insurance Corporation because they are not banks.
Roughly five months after returning to the United States, Tigran Gambaryan spoke to the audience at the DC Blockchain Summit on his detention in Nigeria.
Immutable’s token shot up to its highest level since early March just hours after it said the US Securities and Exchange Commission dropped its investigation of the Web3 gaming firm.
North Carolina lawmakers have introduced twin bills in the House and Senate which could see up to 5% of crypto assets allocated to state retirement funds.
The SEC has been walking back its historic hardline stance on crypto under the Trump administration, having held its first crypto roundtable earlier in March.
The US Senate and House of Representatives have voted for the resolution of the repeal of IRS crypto broker rules, which were facing intense debate.
Observers have said that Trump’s stablecoin project could run afoul of the Constitution’s emoluments clause.
South Korean regulators expect the move to prevent money laundering and potential damages to local users.
The move follows the US Office of the Comptroller of the Currency ceasing examinations for reputational risk.
Ripple chief legal officer Stuart Alderoty said the firm had agreed to drop its cross-appeal with the SEC and will be refunded roughly $75 million from an August 2024 judgment.