Regulation

US Treasury’s first GENIUS rule now redraws who controls stablecoins at scale

Treasury's first proposed GENIUS rule landed on April 1 as a notice of proposed rulemaking.The text inside it builds the operational architecture for...

Tether hired top HSBC gold traders, then cut them weeks before auditors arrive

Paolo Ardoino said that Tether wanted to allocate 10% to 15% of its $20 billion proprietary investment portfolio to physical gold. Two days...

CLARITY Act deadline in weeks could kill stablecoin earnings and push money into Bitcoin

Senate Banking is targeting the second half of April for a markup of the Digital Asset Market Clarity Act, with Easter recess running...

Congress proposes removal of widely used Bitcoin tax loophole and giving it to regulated stablecoins

Congress has introduced the Digital Asset PARITY Act, a bipartisan discussion draft introduced by Reps. Steven Horsford and Max Miller, who would rewrite...

Sports blew up prediction markets. Now it could destroy them

Prediction markets spent years trying to present themselves as smarter, better, and more useful than straight-out gambling.Then sports arrived and did what elections,...

Coinbase standoff over stablecoin reward CLARITY is now holding up rules for the entire US crypto market

The stablecoin yield fight has once again consumed the CLARITY Act debate on Capitol Hill, and the cost of that consumption is now...

Why a quiet but important power shift is happening in Washington around crypto

On Mar. 24, the Commodity Futures Trading Commission (CFTC) launched its Innovation Task Force, tasked with developing frameworks for crypto assets, blockchain technologies,...

After years of “harsh” treatment Tether finally convinces ‘Big Four’ firm to audit USDT

For years, the shortest line of attack against Tether was the demand for a full independent audit.The audit never came, and the company...

Crypto wallets to offer a backdoor recovery if buried amendment to state bill passes Senate

This month, Kentucky lawmakers advanced another bill that critics say could make self-custody impossible for hardware wallet manufacturers to deliver without building a...
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