Category: Law of the Chain
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Wyoming launches first state stablecoin in 2024, backed 1:1 by U.S. dollar reserves
Wyoming launched the first state-backed stablecoin in 2024, pegged 1:1 to the U.S. dollar, but public availability remains pending regulatory approval.
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PBOC launches digital yuan stablecoin initiative in 2024 to counter dollar hegemony
China explores yuan-backed stablecoins to challenge USD dominance, with PBOC testing digital yuan and cross-border transactions reaching $1.2 trillion in 2023.
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Celsius Network distributes $220 million to creditors in 2024 bankruptcy resolution
Celsius Network initiated a $220 million creditor payout in 2024, affecting over 100,000 users and involving assets like BTC and ETH.
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China approves yuan stablecoins to counter dollar tokens like Tether with $130 billion market cap in 2023
China considers yuan-backed stablecoins to counter dollar dominance, with Tether and USD Coin holding over $130 billion in market capitalization as of 2023.
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China plans 2025 stablecoin pilot to increase yuan adoption in international trade
China explores stablecoin adoption to internationalize the yuan, targeting cross-border trade efficiency and reducing USD reliance with a 2025 pilot goal.
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Federal Reserve mandates blockchain integration for banks by 2025 to prevent 30% market share erosion
The Federal Reserve warns banks like JPMorgan and Bank of America risk irrelevance by 2030 if they delay blockchain adoption, citing 40% efficiency losses.
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CFTC wins $228M judgment against pastor Eli Regalado for crypto Ponzi promising 5-10% weekly returns
CFTC secured a $228 million judgment against pastor Eli Regalado for a crypto Ponzi scheme promising 5-10% weekly returns through INDXCoin and Kingdom Wealth Exchange.
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Federal Reserve Governor advocates crypto regulatory framework adoption citing Bitcoin and Ethereum metrics
Federal Reserve Governor Christopher Waller advocates for crypto regulation, citing Bitcoin’s 2023 150% surge and Ethereum’s market cap exceeding $200 billion.
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Wall Street urges SEC to postpone 2026 cryptocurrency compliance regulations
Wall Street firms seek to delay SEC crypto rules set for 2026, citing compliance costs and operational challenges for Bitcoin and Ethereum markets.
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Fed Vice Chair Barr permits staff crypto holdings, pushing Maxi Doge up 15% in June 2023.
Fed Vice Chair Barr permits staff crypto holdings, boosting Maxi Doge by 15% amid broader market optimism and regulatory clarity for Bitcoin and Ethereum.
