Category: Law of the Chain
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The GENIUS Act Killed Yield-Bearing Stablecoins. That Might Save DeFi.
The GENIUS Act bans yield-bearing stablecoins, reshaping DeFi by requiring strict compliance. Only 15% of stablecoins may qualify, integrating crypto with U.S. monetary policy via short-term Treasuries.
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US House Panel Declares Digital Assets a National Priority – “The Defiant”
The US House Committee on Financial Services declared digital assets a national priority, signaling increased congressional focus on cryptocurrency and blockchain policy.
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South Korea Nominee Vows Crackdown on Crypto Tax Evasion
South Korea’s tax nominee Lim Gwang-hyun pledges stricter crypto tax enforcement, proposing AI monitoring systems and international cooperation to combat digital asset tax evasion during confirmation hearing.
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Breaking: Donald Trump Says GENIUS Act Will Put US Ahead Of China And Europe
President Trump supports the GENIUS Act to strengthen US leadership in digital assets, aiming to surpass China and Europe. The bill is part of Crypto Week’s regulatory push.
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Ripple, Coinbase, MoonPay execs to advise California on gov’t efficiency
California Governor Gavin Newsom forms a task force with crypto executives from Ripple, Coinbase, and MoonPay to improve government efficiency and transparency through blockchain technology.
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Kazakhstan Plans National Crypto Reserve Using Wealth Funds – Brave New Coin
Kazakhstan plans to create a national cryptocurrency reserve using seized digital assets and state-controlled mining operations, positioning itself as a pioneer in government-held crypto investments.
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Crypto Custody Made Clear: Joint Guidance From US Banking Regulators Released | Bitcoinist.com
US banking regulators OCC, Fed, and FDIC issued joint guidance on crypto asset custody, emphasizing risk management, compliance, and staff expertise for banks handling digital assets.
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US DOJ Ends Probe Into Crypto Prediction Platform Polymarket
The US DOJ has ended its investigation into Polymarket, clearing the crypto prediction platform. This comes as Polymarket seeks $200M funding and awaits new crypto regulations from Congress.
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US House Makes Digital Assets a National Priority for Growth
The US House Committee on Financial Services declared digital assets a national priority, highlighting legislative efforts like the CLARITY Act and GENIUS Act under Trump’s pro-crypto administration.
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Global Financial Watchdog Makes Stablecoins Top Priority Ahead of G20 Summit
The Financial Stability Board (FSB) prioritizes stablecoin regulation ahead of the G20 summit, citing risks to financial stability, monetary trust, and oversight due to their rapid expansion.
