Five major banking trade groups issued a joint statement opposing the compromise barely hours after its release. Circle Internet Group’s stock jumped nearly 20% on Monday after two US senators announced a bipartisan compromise […]
Coinbase argued that Rule 40.11 is being applied as a blanket ban when the actual statute requires two separate determinations. Coinbase recently filed a formal comment letter with the Commodity Futures Trading Commission (CFTC), […]
According to critics, half of crypto’s most influential people were at Trump’s recent meme coin dinner, which is why they can’t say anything. The CLARITY Act, the most consequential crypto legislation working through the […]
The POTUS spoke at a crypto and fintech conference in his golf club in Palm Beach yesterday and mentioned the highly anticipated CLARITY Act. Just hours before attending another event in the White House […]
New York AG filed a lawsuit against prediction markets operated by Coinbase and Gemini. The Attorney General for New York filed a lawsuit against the prediction market arms of Coinbase and Gemini on Tuesday. […]
The SEC’s guidance highlights how protocol-level execution can reduce compliance burdens for frontend builders. The US Securities and Exchange Commission (SEC), on April 13, published a staff statement clarifying that certain user interfaces for […]
White House economists oppose prohibiting crypto platforms from offering yields on stablecoin deposits as Clarity Act debates heat up. White House economists, part of the Council of Economic Advisers, reported today that banning crypto […]
KuCoin has agreed to settle with the US CFTC and pay a $500,000 civil penalty. The US District Court for the Southern District of New York has entered a consent order against the company […]
Circle already keeps the yield generated from USDC reserves, meaning the proposed rule would just codify what the company already does. Circle Internet Group, issuer of USDC, the world’s second-largest stablecoin, saw $4.6 billion […]
Crypto platforms may no longer offer interest-like stablecoin rewards, but activity-based incentives remain under new legislative draft. Crypto and bank representatives convened again on Capitol Hill this week to review the latest legislative text […]
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