In a move that diverges from many other U.S. states, Connecticut has passed a new law that bars state and local governments from investing in bitcoin or any other digital currency. The bill, HB7082, passed unanimously in both the House and Senate with zero opposing votes. The law, officially titled “An Act Concerning the Regulation […]
Connecticut Enacts New Law Banning State Investment in Bitcoin Read More »
Bank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build conducted alongside other industry participants, Reuters reported on June 11. However, Moynihan added that any progress in a potential launch would be contingent on forthcoming federal rules. He also told investors the bank
Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act Read More »
The Senate voted 68-30 on June 11 to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, ending the filibuster option and moving the bill toward a final floor vote that will require a simple majority. Majority Leader John Thune, who controls the chamber’s schedule, started the 30-hour post-cloture clock
Senate’s 68-30 cloture vote speeds GENIUS Act toward simple majority passage Read More »
The UK Financial Conduct Authority (FCA) has appointed Sarah Pritchard as its new Deputy Chief Executive, a role created to reflect the organization’s expanding responsibilities, including the integration of the Payment Systems Regulator and the regulation of stablecoin and crypto firms. Since joining the FCA in June 2021, Pritchard has led the supervision, policy, and
U.S. lawmaker pressures SEC to release internal documents on ethereum’s security status, citing regulatory inconsistency and need for public transparency. US Lawmaker Presses SEC for Transparency on Ethereum’s Security Designation U.S. Representative William Timmons (R-SC) has written to U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins, requesting specific documents related to the SEC’s historical
US Lawmaker Demands SEC Release Documents on ETH Security Status Read More »
Key Takeaways Scott Bessent is considered a potential candidate to succeed Jerome Powell as Federal Reserve Chair. Tensions between President Trump and Jerome Powell exacerbate the urgency of naming a successor. Share this article Scott Bessent, the current Treasury Secretary and a Bitcoin supporter, is being considered as a potential successor to Federal Reserve Chair
Pro-Bitcoin Scott Bessent emerges as candidate for next Fed chair Read More »
Ripple’s stablecoin RLUSD expanded its circulating supply by 29% in the week ended June 8, adding $72.5 million and closing at $320.6 million. The movement marks the first time the token’s float crossed the $300 million threshold. Additionally, it represents a sixfold increase since the launch of RLUSD on Dec. 17, 2024. Data from Artemis
RLUSD surpasses $300M supply as Ripple secures UAE backing Read More »
Key Takeaways: Ethereum community member Eugenio Reggianini published a GDPR compliance proposal on June 9 as part of the European Blockchain Association’s consultation response. The proposal recommends keeping personal data off-chain and using privacy-preserving technologies to reduce exposure across Ethereum’s modular architecture. A new role classification framework would assign GDPR controller status only to front-end
A new House bill introduced Friday would lock in President Trump’s unprecedented executive order establishing a Strategic Bitcoin Reserve, signaling the GOP’s deepening embrace of digital assets as fiscal and geopolitical leverage tools. The bill, H.R. 3798, sponsored by Rep. Tim Burchett (R-TN), aims to codify Executive Order 14233, signed by Trump. Bitcoin reserve law
Newly introduced GOP Bill seeks to write Trump’s strategic Bitcoin reserve into law Read More »
The Japanese Senate, the House of Councilors, has approved a legal amendment that will give crypto brokerage firms more freedom to operate in the country. Per the Japanese newspaper Nihon Keizai Shimbun, senators approved several revisions to the Payment Services Act on June 6. Japanese Crypto Brokerages: Deregulation on The Way The revised act contains
Japanese Senate Approves Crypto Brokerages Reform Bill Read More »
