Certain stablecoins aren't securities, SEC says in new guidance
"Covered stablecoins," or tokens backed by physical fiat or high-liquidity assets and redeemable 1:1 with the US dollar are exempted from reporting requirements.
"Covered stablecoins," or tokens backed by physical fiat or high-liquidity assets and redeemable 1:1 with the US dollar are exempted from reporting requirements.
The lawsuit against Bakkt alleged investor losses in part due to the company misrepresentating "revenue was substantially dependent on a single contract with Webull."
Bills to create a Bitcoin reserve have been introduced in 26 US states, with Arizona currently being the closest to passing a law to make one.
The US House Financial Services Committee has passed a stablecoin framework bill, the STABLE Act, which will now head to a full House vote.
Bills regulating stablecoins and a potential digital dollar moved out of the US House Financial Services Committee after a late-night vote.
US lawmakers in the Senate Banking Committee voted to advance four of President Donald Trump's picks for crucial government positions, including prospective SEC chair Paul Atkins.
Economic observers are concerned over Trump’s tariff policy, which has markets worried about a possible recession.
US officials sanctioned eight crypto wallet addresses tied to Russian exchange Garantex and the Yemeni Houthi movement after blockchain forensics linked nearly $1 billion in funds to Houthi operations.
According to RWA.XYZ, the total stablecoin market cap is currently over $227 billion, with over 155 million holders worldwide.
Elon Musk’s ambitious plan to integrate blockchain into the US Treasury has sparked intense debate. While blockchain promises transparency and accountability, its implementation faces significant challenges.