Former Commodity Futures Trading Commission Chairman J. Christopher Giancarlo has said U.S. regulators can continue building crypto rules after the Senate failed to advance the CLARITY Act in a 49-50 procedural vote. Giancarlo told journalist Eleanor Terrett on Sept. 16…
Dollar stablecoins have grown to about $300 billion in circulation, prompting a Bank of England policymaker to warn that their expansion could increase demand for US Treasurys while creating new risks during periods of heavy redemptions. Stablecoins could extend the…
The House Ways and Means Committee has released a 114-page crypto tax package that would exempt certain network fees under $10 from tax while extending wash-sale rules to digital assets ahead of a Sept. 16 committee markup. Bloomberg Government reported…
The U.S. House Financial Services Committee has scheduled a markup of legislation that would put the federal Strategic Bitcoin Reserve into law and require government-held Bitcoin to remain in the reserve for at least 20 years. The House Financial Services…
Bitmine Immersion Technologies has purchased 27,180 Ethereum over the past week, lifting its holdings to 5.96 million ETH as chairman Tom Lee points to U.S. legislation and institutional demand as possible drivers of a year-end crypto rally. Bitmine’s ETH holdings…
Four U.S. financial regulators have proposed new third-party risk guidelines that would let banks and credit unions tailor oversight to each outside relationship while replacing existing guidance. Proposed bank guidelines favor risk-based oversight The Federal Reserve, Federal Deposit Insurance Corporation,…
The U.S. Department of Justice has restrained more than $52 million in cryptocurrency while targeting wallets and online channels linked to the Xinbi Guarantee scam network. Tether said in a Sep. 11 statement that the DOJ credited the stablecoin issuer’s…
The Treasury Secretary wants it passed. The President worked senators in person. Coinbase's CEO says it is happening. Galaxy has it at 10%, down from 75% in May, and the prediction markets agree with Galaxy. One of those groups is wrong and we find out Tuesday.
Truflation has forecast that annual U.S. headline inflation will remain at 3.4% in August as higher gasoline prices, tariffs and producer costs threaten to keep price pressure above the Federal Reserve’s target. Truflation said in its August inflation report that…
U.S. Treasury Secretary Scott Bessent has urged senators to advance the CLARITY Act as lawmakers prepare to return from their August recess for a procedural vote that will test whether the crypto market structure bill has enough support to move…
Singapore Exchange has secured CFTC authorization to give U.S. institutional investors direct access to its Bitcoin and Ether perpetual futures, opening its existing crypto derivatives order books to American trading firms. SGX Group head of crypto derivatives KC Lam told…
US authorities have restrained more than $52 million in cryptocurrency tied to Xinbi Guarantee and its vendor network while seizing wallets and Telegram channels used by the Chinese-language marketplace. The US Department of Justice said on Sept. 9 that its…
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