The Fed proposed rules on putting last year’s GENIUS Act into place with regulations, including those governing stablecoin yield programs. www.coindesk.com
Federal
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In brief The Federal Reserve proposed rules requiring Board-supervised payment stablecoin issuers to fully back their tokens with permissible assets like short-term …
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Bitcoin’s drawdown mirrors its position before the Fed’s first hike in March 2022, raising questions over whether a relief rally could precede …
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Finance
Does becoming a federal bank protect crypto from Washington—or give Washington more control?
by shayaanby shayaanSilvergate’s former chief executive, Alan Lane, says the crypto-focused bank survived withdrawals of roughly 70% of its demand deposits before political pressure …
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Regulation
Federal Courts Now Disagree on Kalshi’s Sports Contracts. New Jersey Wants the Supreme Court to Settle the Fight
by shayaanby shayaanIt is the first time either side of the dispute has asked the justices to step in, and the timing is not …
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A federal judge has allowed parts of an investor class-action lawsuit against Coinbase and certain executives to proceed, keeping allegations over risk …
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The SEC’s proposed “Regulation Crypto Assets” framework has been published in the Federal Register, starting a 60-day public comment period for one …
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Markets
Binance Theft Lawsuit Can Proceed In Federal Court, Appeals Panel Rules
by shayaanby shayaanA US appeals court has allowed a proposed Binance-related theft lawsuit to proceed in federal court, rejecting a lower-court order that had …
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Markets
Trump-backed World Liberty wins conditional bank charter from federal regulator
by shayaanby shayaanThe Office of the Comptroller of the Currency said it granted “preliminary conditional approval” to World Liberty Trust Co. on Friday. www.coindesk.com
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Finance
Federal Reserve Chairman Kevin Warsh Allegedly Prepared to Support Interest Rate Hike at September Meeting
by shayaanby shayaanFederal Reserve Chairman Kevin Warsh is reportedly prepared to support a rate hike at the September meeting if inflation data, due to …