Legislative Efforts for Stablecoin Regulation: Insights from Congressman Patrick McHenry
Patrick McHenry discusses the need for clear stablecoin regulations, emphasizing bipartisan cooperation as the U.S. navigates the complexities of cryptocurrency policies.
Senators Demand Answers on Banking and Cryptocurrency Ties Post-FTX Collapse
Senators Warren and Smith demand clarity on banking ties to cryptocurrency, following FTX’s downfall. Hearings set for December 13 and 14.
US Acting Comptroller Michael Hsu Expresses Skepticism on Crypto During Recent Lectures
Michael Hsu addresses skepticism surrounding cryptocurrency utility and the need for effective regulations during lectures at DC FinTech Week and Harvard Law School.
Binance BTC Withdrawals Hit $500 Million Amid CEO’s ‘FUD’ Comments
Binance sees over $500 million in BTC withdrawals as CEO CZ tackles FUD from the FTX fallout. Crypto market reacts with humor and resilience.
Fed Governor Waller Questions Impact of U.S. CBDC on Dollar’s Global Status
Christopher Waller expresses doubts about the benefits of a U.S. CBDC during a Harvard speech, emphasizing the dollar’s enduring global primacy.
FSB Proposes Comprehensive Crypto Regulatory Framework Amid Market Turmoil
The Financial Stability Board has proposed a new regulatory framework for cryptocurrencies, emphasizing a consistency in regulations across the crypto market as it prepares for public feedback.
OCC Warns Banks on Cryptocurrency Risks: Proceed with Caution
The OCC cautions banks about the risks in cryptocurrency. Discover key concerns that banks must consider when engaging with crypto firms.
Surge in Stablecoin Usage in Russia Post-Invasion, According to Chainalysis Report
Following the Russian invasion of Ukraine, stablecoin usage in Russia has surged to 67% of transaction volume, as reported by Chainalysis amid rising inflation.
Using Zero-Knowledge Proofs to Enhance Privacy and Compliance in Stablecoins
Explore how researchers propose using zero-knowledge proofs to improve privacy and regulatory compliance in stablecoins, allowing them to function like cash.
Stablecoins Face Dimming Prospects Amid Interest Rate Hikes and Regulatory Scrutiny
Explore the challenges facing the stablecoin market amid interest rate hikes, declining borrowing demand, project failures, and increasing regulatory scrutiny.