Fed official directs staff to hold minimal cryptocurrency under 2023 regulatory framework
Fed official advises staff to hold minimal crypto like Bitcoin and Ethereum, citing 2023 regulatory guidance and market volatility concerns.
WazirX restructuring plan approved by users with 75% support after court rejection
WazirX users approved a new restructuring plan after court rejection, involving 75% creditor support and Binance integration to address financial stability.
12 Democrats support CLARITY Act as Tim Scott announces bipartisan Senate backing
Senator Tim Scott announced 12 Democrats support the CLARITY Act, with 18 total senators involved, marking a bipartisan legislative development.
Blockchain and AI Policy Institute targets 100 congressional meetings on Bitcoin and Ethereum in 2024
The Blockchain and AI Policy Institute launched to educate policymakers on Bitcoin and Ethereum, targeting 100 congressional meetings in 2024.
Wyoming issues first state stablecoin across seven blockchains with $10 million 2023 launch
Wyoming issued the first state-backed stablecoin across seven blockchains including Ethereum and Solana, with a $10 million initial issuance in 2023.
Tether hires former White House crypto director Carole House for US stablecoin dominance in 2024
Tether hired former White House crypto director Carole House to boost USDT’s $112 billion market cap amid growing stablecoin competition with Circle’s USDC.
Digital ruble implementation delivers $3.2 billion annual revenue for Russia by 2025 according to Moscow
Russia’s digital ruble project claims $3.2 billion annual revenue by 2025, with Moscow targeting CBDC adoption across BRICS nations and domestic financial systems.
GENIUS Act directs U.S. Treasury to collect public input on stablecoin monitoring tools for 60 days
The GENIUS Act requires U.S. Treasury to gather public feedback on stablecoin monitoring tools, involving entities like Tether and Circle, with a 60-day comment period.
Brazil debates $19 billion Bitcoin reserve proposal in congressional hearing on cryptocurrency allocation
Brazil’s Congress will debate a $19 billion Bitcoin reserve proposal involving BTC and ETH, potentially allocating 1% of national reserves to cryptocurrencies.
Federal Reserve permits US banks to serve crypto clients without penalties in 2024
Federal Reserve allows US banks to serve crypto clients without penalties, including Bitcoin and Ethereum, affecting over 4,000 institutions in 2024.
