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Browsing Category
Regulations
SEC, Ripple seek to end multi-year legal dispute with amended filing
Ripple and the U.S. Securities and Exchange Commission have refiled a joint request asking a federal judge to dissolve a court-imposed injunction and approve a revised $50 million penalty settlement, aiming to conclude their years-long…
Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act
Bank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build conducted alongside other industry participants, Reuters reported on June 11.However, Moynihan added that…
Senate’s 68-30 cloture vote speeds GENIUS Act toward simple majority passage
The Senate voted 68-30 on June 11 to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, ending the filibuster option and moving the bill toward a final floor vote that will require a simple…
Digital Asset Market Clarity Act moves to House floor with bipartisan backing
A legislative proposal to establish a regulatory framework for digital assets in the United States, the Digital Asset Market Clarity Act, has advanced through two key House committees with bipartisan support.The bill, also known as H.R.…
potential approval arrives within 5 weeks
The US Securities and Exchange Commission (SEC) asked would-be Solana exchange-traded fund (ETF) sponsors to file amended S-1 Forms within a week, Blockworks reported on June 10, citing three people familiar with the discussions.The sources…
RLUSD surpasses $300M supply as Ripple secures UAE backing
Ripple’s stablecoin RLUSD expanded its circulating supply by 29% in the week ended June 8, adding $72.5 million and closing at $320.6 million.The movement marks the first time the token’s float crossed the $300 million threshold.…
SEC Chair Paul Atkins backs DeFi, rejects forced intermediaries during latest roundtable speech
US Securities and Exchange Commission (SEC) Chairman Paul Atkins told the agency’s fifth cryptocurrency roundtable on June 9 that the ability to hold crypto without an intermediary belongs at the core of US law.Atkins opened the “DeFi and…
Newly introduced GOP Bill seeks to write Trump’s strategic Bitcoin reserve into law
A new House bill introduced Friday would lock in President Trump’s unprecedented executive order establishing a Strategic Bitcoin Reserve, signaling the GOP’s deepening embrace of digital assets as fiscal and geopolitical leverage tools.The…
OpenSea’s OS2 launch brings 44% increase in user activity amid 2 million NFT sales
OpenSea’s rollout of its OS2 platform has driven its highest user growth in over two years, suggesting that the long-dormant NFT market may be flickering back to life.Monthly active users on OpenSea jumped to roughly 467,000 in May, marking…
Senator Lummis says new Fed vice chair appointment signals ‘brighter future’ for crypto
US Senator Cynthia Lummis said the confirmation of Michelle “Miki” Bowman as Vice Chair for Supervision at the Federal Reserve marks a critical shift in the regulatory approach toward digital assets.According to Lummis, the appointment is a…
