Stablecoin issuer Paxos has formally reapplied for a national trust bank charter with US regulators. This move seeks enhanced regulatory oversight and operational standards following prior regulatory challenges and the expiration of its earlier conditional approval. Paxos previously secured conditional… Read More »Paxos Reapplies for US National Trust Bank Charter Amid Compliance Push
Circle’s USD Coin (USDC) has solidified its leading position in the cryptocurrency payroll sector, representing 63% of all salaries paid in digital assets last year. This decisive market share highlights accelerating institutional trust in dollar-backed stablecoins and signals a structural… Read More »Circle’s USDC Dominates Crypto Payrolls With 63% Market Share as Stablecoin Adoption Surges
The U.S. Securities and Exchange Commission (SEC) has issued new guidance potentially easing the path for institutional adoption of stablecoins. The guidance clarifies that certain regulated, dollar-pegged stablecoins backed by robust and secure redemption mechanisms can be classified as cash… Read More »SEC Classifies Compliant Stablecoins as Cash Equivalents, Aiding Institutional Adoption
The recently enacted GENIUS Act has prohibited stablecoin issuers from offering yield-bearing products, significantly diminishing stablecoins’ competitive advantage against traditional financial instruments. The legislation explicitly bars returns on stablecoin holdings, making tokenized money market funds (MMFs) increasingly attractive alternatives due… Read More »GENIUS Act Bans Yield-Bearing Stablecoins, Shifting DeFi Focus to Tokenized Money Market Funds
The recently enacted GENIUS Act has created a comprehensive federal regulatory framework for stablecoins in the United States. The legislation mandates that stablecoin issuers maintain one-to-one reserves, obtain federal licenses, and implement anti-money laundering (AML) compliance measures. Circle, issuer of… Read More »GENIUS Act Establishes Federal Stablecoin Framework Amid Ethereum Market Volatility
JPMorgan Chase CEO Jamie Dimon has publicly endorsed stablecoins as reliable digital assets, emphasizing their price stability and regulatory compliance while expressing renewed skepticism about Bitcoin’s volatility. Speaking at an industry event, Dimon reaffirmed his reservations about Bitcoin due to… Read More »JPMorgan CEO Jamie Dimon Endorses Stablecoins Over Bitcoin Amid Volatility Concerns
The Tron blockchain network has conducted its largest-ever Tether (USDT) token issuance, minting $1 billion worth of the stablecoin. This milestone transaction follows closely after Tron’s listing on Nasdaq and the submission of a hybrid securities filing with the U.S.… Read More »Tron Executes Record $1 Billion USDT Mint Following Nasdaq Debut and SEC Filing
BlackRock’s latest market analysis indicates that dollar-pegged stablecoins are reinforcing the U.S. dollar’s global dominance amid growing regulatory clarity. Stablecoin transactions showed over 25% annual growth last year, coinciding with the passage of the GENIUS Act which establishes formal legal… Read More »BlackRock: Stablecoins Boost U.S. Dollar Supremacy as Bitcoin Gains Diversification Appeal
Recent developments across global cryptocurrency markets underscore a dynamic interplay of political influence, regulatory advancements, and significant price fluctuations. Former U.S. President Donald Trump’s calls for Federal Reserve interest rate cuts are fostering optimism among Bitcoin traders. This political pressure… Read More »Cryptocurrency Markets Navigate Policy Shifts, Regulatory Moves, and Volatility Surges
Bitcoin’s recent price correction appears driven by market rotation rather than panic, according to key risk indicators and on-chain data analytics. The cryptocurrency faces critical support at the $115,000 level as significant whale activity emerged, involving approximately $9.6 billion in… Read More »Cryptocurrency Market Sees Regulatory Shifts and Bullish Momentum Amid Bitcoin Correction
Despite seasonal market sluggishness, Ethereum has recorded a notable rise in open contracts, signaling sustained derivatives activity during the typically slow summer period. Bitcoin faces persistent selling pressure as early adopters capitalize on gains through profit-taking. Analysts project extended consolidation… Read More »Ethereum Open Contracts Surge Amid Summer Slump While Bitcoin Faces Selling Pressure
The bipartisan-backed GENIUS Act has catalyzed approximately $4 billion in stablecoin inflows since its implementation, with total market capitalization surging 26.9% this year to surpass $264 billion. This regulatory advancement has accelerated institutional adoption through compliant offerings like USDtb and… Read More »GENIUS Act Drives $4B Stablecoin Surge Amid Korean Bitcoin ETF Withdrawals and Institutional Blockchain Growth
Proposed legislation known as the GENIUS Act could redirect institutional capital from traditional stablecoins like USDT toward decentralized finance (DeFi) platforms. The act imposes restrictions on stablecoin yields, incentivizing investors to explore DeFi alternatives offering programmable yields and enhanced liquidity.… Read More »GENIUS Act May Redirect Capital to DeFi by Restricting Stablecoin Yields
Hong Kong will implement its Stablecoin Ordinance effective August 1, imposing severe penalties on unlicensed stablecoin activities to balance technological innovation with consumer safeguards. Unlicensed issuers or promoters face fines up to HKD 50,000 (approximately USD 6,300) and potential six-month… Read More »Hong Kong Enforces Strict Stablecoin Rules Starting August 1 with Prison Terms
A coalition of ten financial technology and cryptocurrency industry groups has formally appealed to U.S. President Donald Trump regarding market competition concerns, notably highlighting JPMorgan Chase’s proposed charges for consumer banking data access. The coalition—including the Crypto Innovation Council—warned these… Read More »Fintech Coalition Appeals to Trump Over JPMorgan Data Access Fees Impacting Stablecoins
Senate Republicans have introduced the Responsible Financial Innovation Act, legislation designed to establish a clearer regulatory framework for digital assets in the United States. The core objective is to promote innovation within the sector while implementing robust investor protections through… Read More »Senate Republicans Propose Responsible Financial Innovation Act for Digital Asset Oversight
The U.S. Securities and Exchange Commission (SEC) has formally delegated regulatory oversight of stablecoins to federal banking regulators, a move intended to resolve long-standing jurisdictional ambiguities and enhance market stability through clearer frameworks. SEC Chairman Paul Atkins confirmed the delegation… Read More »SEC Delegates Stablecoin Oversight to Banking Regulators to Resolve Jurisdictional Conflicts
SEC Chair Paul Atkins has publicly backed the Growing Economy through New and Innovative Uses of Stablecoins (GENIUS) Act, proposed legislation designed to create a comprehensive regulatory structure for stablecoin markets. The bill focuses on enhancing transparency, strengthening security measures,… Read More »SEC Chair Paul Atkins Endorses GENIUS Act to Establish Stablecoin Regulatory Framework
President Trump has signed into law the Generative and Institutional National Infrastructure for United States Act (GENIUS Act), establishing a foundational regulatory framework for stablecoins and blockchain innovation. The landmark legislation introduces comprehensive standards targeting stablecoin issuance and operation, while… Read More »Trump Signs GENIUS Act, Setting Stablecoin Rules Amid Industry Praise
The GENIUS Act, landmark legislation establishing comprehensive stablecoin regulations in the United States, has entered its final stages before potential presidential signing. The bill aims to create a balanced regulatory framework fostering financial innovation while ensuring adequate consumer and systemic… Read More »US GENIUS Stablecoin Bill Advances to Final Stage Amid Industry Engagement