GENIUS Act Poised to Reshape Global Stablecoin Landscape, Experts Say – Crypto News Bitcoin News
The GENIUS Act, a new U.S. law, is expected to set global standards for stablecoin regulation, requiring compliance from non-U.S. issuers to access U.S. financial systems.
GENIUS Act Passes, Targets Stablecoin Oversight News ETHNews
The GENIUS Act establishes federal oversight for stablecoins, mandating transparency. Ripple’s RLUSD, backed by U.S. Treasuries, may challenge Tether’s dominance and aid global dollar reach via XRP’s network.
Data From Tornado Cash Trial Shows A Relatively Low Amount Of Criminal Usage Of The Protocol
FBI testimony in the Tornado Cash trial revealed 55% of funds during certain periods were criminal, but defense showed only 10% overall between 2020-2022 were illicit.
Roman Storm’s defense hints at mistrial after agents fail to trace funds stolen from witness to Tornado Cash
Roman Storm’s defense considers a mistrial after FBI agents fail to trace stolen funds from a witness to Tornado Cash, challenging the prosecution’s case.
JPMorgan Chase Forced To Halt $1,100,000,000 Lawsuit Against Fintech Firm Execs, Court Rules: Report – The Daily Hodl
JPMorgan Chase must halt its $1.1 billion lawsuit against Viva Wallet executives after a UK court ruling. The dispute stems from a failed call option and alleged business sabotage.
Polymarket eyes return to the US following acquisition of CFTC-licensed QCEX for $112M
Polymarket acquires CFTC-licensed QCEX for $112M, enabling US operations. The deal follows resolved regulatory probes and aims to offer compliant prediction markets with institutional safeguards.
FTX seeks time to respond as creditors fight freeze on $470M foreign claims
FTX estate seeks delay to address objections against halting $470M repayments to creditors in 49 restricted jurisdictions, citing legal risks and penalties for directors.
Coinbase launches CFTC-regulated crypto perps for US retail traders
Coinbase introduces CFTC-regulated nano BTC and ETH perpetual futures for US retail traders, offering 10x leverage and low fees, following Kraken’s similar move earlier this month.
GENIUS Act fuels Ripple’s rise – Breaking down the connection
The GENIUS Act’s approval boosts Ripple’s RLUSD stablecoin, positioning it as a compliant alternative to Tether’s USDT. Versan Aljarrah predicts RLUSD will globalize the dollar, backed by Treasuries and integrated with XRP for cross-border settlements.
Coinbase Launches CFTC-Regulated Perpetual Futures in the U.S.
Coinbase launches CFTC-regulated perpetual futures trading in the U.S., offering nano Bitcoin and Ether contracts with up to 10x leverage and low fees, boosting its stock price.
