Category: Law of the Chain
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Fed Governor Christopher Waller Says Central Bank Should Cut Rates by Next Meeting Amid Slowdown in GDP – The Daily Hodl
Fed Governor Christopher Waller advocates for a 25 basis point rate cut by the next FOMC meeting, citing slowing GDP growth, labor market trends, and tariff impacts as key reasons for immediate action.
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UK government eyes £5 billion seized Bitcoin sale to manage fiscal shortfall
The UK government considers selling £5 billion in seized Bitcoin to address fiscal deficits. The Bitcoin, confiscated from a Chinese Ponzi scheme, has surged in value. Experts debate the timing and implications of such a sale.
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Republican Lawmaker Warns GENIUS Act Opens Door To Layered CBDCs | Bitcoinist.com
The GENIUS Act, signed into law by President Trump, establishes stablecoin regulations but faces opposition from Rep. Marjorie Taylor Greene, who warns it could enable CBDCs and threaten financial freedom.
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Experts say ‘just a starting point’ as Crypto Week ends on a high note
Crypto Week ended with regulatory progress like the GENIUS Act, but experts say it’s just the start. They emphasize scalable blockchains, custody solutions, and real-world integration for crypto’s future growth.
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UK Government Looks To Offload $7 Billion Seized Bitcoin – Details
The UK government plans to sell $7 billion in seized Bitcoin to address budget deficits, following BTC’s all-time high. A new crypto storage system will facilitate the sale of assets confiscated from crimes.
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UK Home Office Plans to Sell $7 Billion in Seized Bitcoin: The Telegraph
The UK government plans to sell over £5 billion in seized Bitcoin to address budget deficits, developing a centralized framework for storage and sales while monitoring potential proceeds.
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Treasury Secretary Scott Bessent Says US Dollar Coming On-Chain As Landmark Stablecoin Bill Becomes Law – The Daily Hodl
US Treasury Secretary Scott Bessent announces the dollar will integrate with blockchain technology following the GENIUS Act, a new law regulating stablecoins to ensure secure and transparent issuance.
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Brazil-US Trade Conflict May Escalate, Spurring Mutual Retaliation – Economics Bitcoin News
The Brazil-US trade conflict may escalate as both nations consider retaliatory measures following Trump’s 50% tariff on Brazilian imports, with Bolsonaro’s political status adding complexity.
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GENIUS Act blocks Big Tech, banks from dominating stablecoins: Circle exec
The GENIUS Act prevents Big Tech and banks from dominating stablecoins, requiring separate entities and strict regulations. It bans interest-bearing stablecoins, potentially boosting DeFi adoption.
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US Banking Associations Kick Against Banking License For Crypto Custody Firms – Details
US banking associations oppose granting banking licenses to crypto custody firms, citing lack of public input and fiduciary duty concerns, urging the OCC to scrutinize applications more thoroughly.
