The crypto and banking industries saw Senators Alsobrooks and Tillis’ agreement-in-principle for stablecoin yield. www.coindesk.com
State
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Regulation
Trump Policy Has Crypto Privacy Developers in a ‘Very Bad State’, Says Coin Center
by shayaanby shayaanFor over a year now, the White House has made strong efforts to court the crypto industry, rolling out permissive regulations that …
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Regulation
Crypto wallets to offer a backdoor recovery if buried amendment to state bill passes Senate
by shayaanby shayaanThis month, Kentucky lawmakers advanced another bill that critics say could make self-custody impossible for hardware wallet manufacturers to deliver without building …
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Joint SEC-CFTC interpretive guidance outlines how the agencies will determine whether a cryptocurrency is a security. www.coindesk.com
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Scams
White House AI Proposal Seeks to Override State Laws, Avoid New Regulator
by shayaanby shayaanIn brief The White House proposed federal AI standards while preserving key state enforcement powers. The framework aims to avoid creating a …
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Smart Contracts
Nevada Becomes First State to Ban Prediction Market Kalshi—At Least for Now
by shayaanby shayaanIn short Kalshi was temporarily banned in Nevada, shutting down the sports, politics and entertainment markets for at least a fortnight. A …
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The SEC and CFTC signed a memorandum of understanding to do a better job providing a combined regulatory approach to the digital …
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Missouri is making history by becoming the first U.S. state to fully eliminate state taxes on Bitcoin capital gains. With the passage …
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Hopes are rising that the Clarity Act may soon see some forward motion. www.coindesk.com
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Smart Contracts
Florida Gov. Ron DeSantis Eyes State Stablecoin Framework Following Senate Passage
by shayaanby shayaanIn short The Florida State Senate unanimously passed Senate Bill 314 on Friday, allowing Florida to join other states with local stablecoin …