Bankers and their allies in the US Senate are pushing back against the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act over fears that stablecoins will disintermediate banks and erode banking market share. According to an article from American Banker, the bill requires 60 votes to pass in the Senate, meaning that at…
Bitcoin (BTC) is up 5% over the past 24 hours, as the cryptocurrency rallied from a new local low at $76,450 to a high of $83,786 on March 12. On the weekly chart, BTC’s price retested its 50-weekly exponential moving average or 50W-EMA indicator (blue line) as support. Bitcoin 1-week chart. Source: Cointelegraph/TradingView As observed…
Synthetix founder Kain Warwick has threatened SNX stakers with “the stick” if they don’t take up a newly launched staking mechanism to help fix the protocol’s ongoing sUSD (SUSD) depeg. Warwick said in an April 21 post to X that it has now implemented a sUSD staking mechanism to address the depeg, but admitted it…
Key Takeaways World Liberty Financial plans to distribute USD1 tokens via an airdrop to WLFI holders as a trial. The test aims to verify the company’s onchain airdrop infrastructure and reward early adopters. Share this article World Liberty Financial (WLFI), the DeFi project backed by Trump and his sons, has issued a proposal to conduct…
Key Takeaways The SEC has dismissed its civil enforcement action against Coinbase through a joint stipulation. The SEC’s decision aligns with a shift towards developing a comprehensive regulatory framework for crypto assets. Share this article The SEC today dismissed its civil enforcement action against Coinbase and Coinbase Global through a joint stipulation, ending a legal…
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La reciente acción legal del Fiscal General del Estado de Nueva York (NAYG) contra Galaxy Digital sobre sus lazos promocionales con la criptomoneda ahora colapsada Terra (Luna) fue injusto y un abuso del sistema legal, dice Skybridge Capital y fundador Anthony Scaramucci. “Es la ley, pura y simple debido a una ley oscura pero peligrosamente…
Key Takeaways 18 US states have filed a lawsuit against the SEC for overreach in crypto regulation. The lawsuit highlights state-level crypto regulatory frameworks and challenges federal authority. Share this article 18 US states have filed a lawsuit against the SEC and its commissioners, challenging what they describe as unconstitutional overreach in crypto industry regulation….
Key Takeaways Tether is actively engaging with US lawmakers regarding new stablecoin regulations. Proposed regulations will require Tether to have monthly audits and maintain one-to-one reserves. Share this article Tether is working closely with US lawmakers to help shape upcoming stablecoin regulations, according to FOX Business journalist Eleanor Terret. Tether CEO Paolo Ardoino confirmed the…
Este artículo también está disponible en español. Crypto analysts have revealed that the Ethereum price is about to confirm a golden cross on the daily time frame. This provides a bullish outlook for Ethereum, as it enjoyed a parabolic rally the last time this happened. Ethereum Price To Confirm Golden Cross, What Next? In an…
