House advances GENIUS and Clarity acts in second procedural vote, reviving Crypto Week momentum
The US House advanced the GENIUS and Clarity crypto bills in a second procedural vote, reviving momentum for stablecoin regulation and digital asset oversight after an initial setback.
$36.1 Trillion later, Wall Street can’t ignore stablecoins anymore
Wall Street giants JPMorgan and Citigroup are adopting stablecoins amid regulatory debates, with $36.1T in annual transactions. Despite legislative hurdles, stablecoin market shows resilience and growth.
House rejects crypto package containing the GENIUS Act despite Trump urging progress
The House rejected a crypto package including the GENIUS, CLARITY, and Anti-CBDC Surveillance Acts despite Trump’s support. The measures must now be repackaged or reintroduced individually.
ZachXBT Slams Hacked CEX BigONE, Says Firm Failed to Stop Months of Scam Activity – “The Defiant”
ZachXBT accuses BigONE exchange of ignoring $60M in scam activity before a $27M hack. The exchange claims cooperation with law enforcement but faces criticism for inaction.
Trump reveals draft letter firing Fed Chair Powell during crypto bill discussion
Trump revealed a draft letter to fire Fed Chair Powell during a crypto bill meeting, escalating his criticism of Powell’s policies. Legal protections make such a dismissal unprecedented and unlikely.
GOP Rep. French Hill says GENIUS, CLARITY, and Anti-CBDC acts have enough votes to advance
Rep. French Hill states the GENIUS, CLARITY, and Anti-CBDC acts have sufficient House votes to advance, aiming to regulate stablecoins and block CBDCs, despite earlier procedural setbacks.
DEA, FBI Have Seized $10 Million in Crypto From Mexican Drug Cartel Sinaloa This Year – Decrypt
DEA and FBI seized $10M in crypto from Mexico’s Sinaloa cartel, part of a wider operation recovering drugs and highlighting cartels’ use of cryptocurrency for money laundering.
French Hill Claims House Now Has Bipartisan Support To Pass GENIUS Act
French Hill confirms bipartisan support for the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act, with a House vote expected soon. Bitcoin and altcoins rise amid optimism.
Ethereum Gets Billionaire Boost as Thiel Makes Big Bet
Peter Thiel’s Founders Fund acquires 9.1% stake in BitMine Immersion Technologies, a firm accumulating Ethereum, signaling strong institutional interest in ETH as a treasury asset.
EU Sanctions crypto entities for election interference, disinformation
The EU sanctioned nine individuals and six entities for using crypto to bypass sanctions and fund pro-Russian disinformation, including Kremlin influencer Simeon Boikov and firm A7 OOO.
