Bitcoin Climbs After Powell Says Crypto ‘Is Becoming Much More Mainstream’ – Markets and Prices Bitcoin News
Bitcoin prices rose after Fed Chair Jerome Powell acknowledged cryptocurrency’s growing mainstream adoption during Senate testimony, signaling increased institutional acceptance.
US Senator Adam Schiff Introduces Legislation To Stop President Trump’s ‘Exploitation’ of Digital Assets – The Daily Hodl
US Senator Adam Schiff introduces the COIN Act to prevent President Trump and family from profiting via crypto, requiring financial disclosures and banning digital asset endorsements by officials.
Stablecoin Regulation Faces Key Unresolved Questions: IMF
IMF’s Bo Li highlights unresolved stablecoin regulatory issues, including classification as currencies or assets and enforcement challenges, urging global alignment among financial bodies.
Turkey Tightens Grip On Crypto To Foil Money Launderers
Turkey introduces strict crypto regulations to combat money laundering, requiring transfer notes, proof of funds, and withdrawal delays. Stablecoin transfers are capped, with penalties for non-compliance.
Change in US crypto laws may affect charges in Do Kwon’s criminal case
Do Kwon’s criminal case may be impacted by the GENIUS Act, a US bill regulating stablecoins. The Terraform Labs co-founder faces fraud charges related to UST and LUNA’s collapse. His trial is set for 2026.
$3.4T LATAM Crypto: CBDC Wars, RWA Boom & Tax Shocks Inside! News ETHNews
Latin America’s crypto market grew 45.7% to $3.4T, with Brazil advancing CBDCs and new tax rules. Argentina approved RWA tokenization, Colombia recognized Bitcoin for payments, and stablecoins combat inflation.
Ethereum Foundation Matches Community Donations for Roman Storm Defense ETHNews
The Ethereum Foundation will match community donations for Roman Storm’s legal defense against U.S. charges tied to Tornado Cash. The case tests open-source development rights amid shifting crypto regulations.
Florida Duo Allegedly Steal $100,000,000 in Funding Meant To Support Americans With Special Needs and Disabilities: DOJ – The Daily Hodl
Two Florida men allegedly stole $100 million from a nonprofit managing funds for people with disabilities, using the money for personal expenses. They face decades in prison for fraud and money laundering.
Fed’s Powell says Bitcoin and crypto have matured and become more mainstream
Fed Chair Jerome Powell acknowledges Bitcoin and crypto’s maturation into mainstream finance, supports regulated bank involvement, and hints at reassessing past crypto policies for safer integration.
Ethena Lab’s USDe Saga Ends: BaFin Forces 42-Day Redemption Plan After Regulatory Standoff
Ethena Labs agrees with BaFin on a 42-day redemption plan for USDe stablecoin holders in the EU, ending August 6. Post-deadline, claims shift to Ethena (BVI) Ltd in the British Virgin Islands.
