Federal Reserve banking regulator proposes 1% crypto holding allowance for staff in 2024 policy review
Federal Reserve Vice Chair Michael Barr proposes allowing Fed staff to hold Bitcoin and Ethereum, with a 1% portfolio cap on crypto investments.
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.
Fed official backs staff cryptocurrency ownership, referencing Bitcoin and 2023 policy review
Fed official Christopher Waller supports staff crypto holdings, citing Bitcoin and Ethereum, with 20% of Americans owning digital assets as of 2023.
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.
SEC Chair Paul Atkins endorses GENIUS Act to reform financial technology regulations in 2023
SEC Chair Paul Atkins endorses the GENIUS Act, aiming to streamline regulations for emerging technologies like blockchain and AI, potentially impacting 500 firms.
