Major US Banks Mulling Joint Stablecoin Venture: Report
Major US banks, including JPMorgan and Bank of America, are discussing a joint stablecoin venture to compete with crypto, pending legislation and market demand.
Illicit Bitcoin Service Lands US Man 6-Year Sentence, Must Surrender $1.5M
A Massachusetts man was sentenced to six years in prison for running an unlicensed Bitcoin operation that laundered money for scammers and drug dealers, forfeiting $1.5M in proceeds.
US big banks hold early talks on joint crypto stablecoin: WSJ
Major US banks including JPMorgan, Bank of America, Citigroup, and Wells Fargo are in early talks to jointly issue a crypto stablecoin, amid regulatory developments and growing stablecoin demand.
Trump’s Meme Coin Dinner Draws Protests Calling For End to ‘Crypto Corruption’ – Decrypt
Protesters gathered outside Trump’s meme coin dinner, calling it ‘crypto corruption.’ Advocacy groups organized the event, while Democrats introduced a bill to ban presidents from crypto ownership during their terms.
CFTC to Greenlight Crypto Perpetual Futures ‘Very Soon’: Outgoing Commissioner
CFTC outgoing commissioner Summer Mersinger suggests crypto perpetual futures will soon be approved in the US, highlighting benefits for the industry and economy.
America’s Biggest Banks Consider Teaming Up to Challenge $245B Stablecoin Market: WSJ – Decrypt
Major U.S. banks like JPMorgan and Bank of America are considering a joint stablecoin project to compete with crypto-native issuers Circle and Tether, pending federal legislation like the GENIUS Act.
“Bye Bye Circle” Arthur Hayes Says As Big Banks Explore Joint Stablecoin Venture
Arthur Hayes predicts Wall Street banks’ joint stablecoin venture could threaten Circle’s USDC dominance as the GENIUS Act progresses, causing USDC’s peg to slip slightly amid acquisition talks.
NYC Mayor Goes Full Crypto With Council Launch and Tax Plan – Featured Bitcoin News
NYC Mayor Eric Adams promotes crypto adoption through a new council, tax incentives, and blockchain-powered city services at the NYC Crypto Summit.
Crypto perp futures coming ‘very soon,’ says CFTC’s Mersinger
CFTC Commissioner Summer Mersinger states crypto perpetual futures may soon gain US regulatory approval, aiming to bring trading onshore and benefit the industry before her departure.
‘No questions asked’ Bitcoin launderer gets 6 years in prison
A US man running an unlicensed cash-to-Bitcoin service was sentenced to 6 years in prison and ordered to forfeit $1.5M for money laundering and evading financial regulations.
