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A bipartisan agreement on stablecoin legislation was in reach, according to the chair of the House Financial Services Committee, but the ranking Democrat said McHenry halted talks. The U.S. Capitol (buschap/Flickr) House lawmakers have failed to reach a bipartisan deal on stablecoins legislation, with Financial Services Committee Chair Patrick McHenry (R-N.C.) blaming White House intransigence for the stalemate while the...
Regulators view Bitcoin and other proof-of-work cryptocurrencies as commodities. But mining firms can still trip over securities regulations if they’re not careful. This story is part of CoinDesk's Mining Week. SEC Chair Gary Gensler at a U.S. Treasury council hearing in October 2022 (Anna Moneymaker/Getty Images) You may be surprised to learn that the SEC’s ongoing efforts torein in the...
One pitch from Axie Infinity’s co-founder said to keep Twitter but have a crypto wallet named X for spending and creator tipping. Twitter users, along with the avid crypto community, may soon see a very different version of the social media app — which is set to ditch its iconic blue bird logo for an “X” as part of a...
The revised bill excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi. (Mark Van Scyoc/Shutterstock) U.S. House Republicans introduced a new digital assets oversightbillon Thursday that aims to establish a regulatory framework to protect investors in the crypto sector. “Today's introduction of the Financial Innovation and Technology for the 21st Century...
U.S dollar index's fate impacts global liquidity conditions, which, in turn, influences risk assets, including cryptocurrencies. Bitcoin's (BTC) negative correlation with the U.S. dollar index (DXY) has broken in recent weeks, with the top cryptocurrency struggling to gather upside traction amid continued sell-off in the greenback. The situation, however, may not last long, per one observer. The dollar index, which...
The news comes less than a month after Binance announced their plans to integrate Bit Lightning Network. Cryptocurrency exchange Binance has completed the integration of the Bitcoin Lightning Network on its platform for BTC withdrawals and deposits. The development wasconfirmedby Binance in a July 17 blog post, where they noted thatBinance userscan now use the layer-2 scaling solution for BTC...
CEO Brad Garlinghouse recently opined that the case would end soon, but the fight for crypto wasn’t over yet. CEO Brad Garlinghouse recently opined that the case would end soon, but the fight for crypto wasn’t over yet. Ripple Labs scored a victory in the United States District Court in the SouthernDistrict of New York on July 13 as Judge...
An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address. (Shutterstock) The moment finance giantBlackRock filed to create a spot bitcoin ETFin the U.S., market watchers wondered whether the world’s biggest asset manager had a...
With a $216 million cap to be imposed on stablecoins such as USDT and USDC, some say crypto adoption could be “stifled” under MiCA unless it changes. With a $216 million cap to be imposed on stablecoins such as USDT and USDC, some say crypto adoption could be “stifled” under MiCA unless it changes. Stablecoin use could be “stifled” by...
Binance CEO 'CZ' Brushes Off News of Top Executive Departures Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those that left the company, reportedly over the exchange's handling of DOJ investigations. Departures of key executive personnelfrom Binance are part of the company’s usual turnover of staff, Binance CEO...
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