Regulation

Powell reaffirms Fed has no issues with banks conducting crypto activities

Powell reaffirms Fed has no issues with banks conducting crypto activities

Federal Reserve Chair Jerome Powell reaffirmed that the central bank does not object to U.S. banks providing services to cryptocurrency companies or participating in crypto-related activities, so long as they follow established risk management and consumer protection standards. Powell made the statement during his semiannual monetary policy report testimony before the House Financial Services Committee […]

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US Senator’s Bill Aims to Block Officials From Profiting off Crypto Endorsements

US Senator’s Bill Aims to Block Officials From Profiting off Crypto Endorsements

U.S. Senator Adam Schiff has introduced the “Curbing Officials’ Income and Nondisclosure (COIN) Act,” aimed at preventing the president, vice president, and their immediate families from using their positions for personal financial gain. Act Seeks to Block Officials From Endorsing Tokens Bearing Their Names U.S. Sen. Adam Schiff has introduced a bill barring the U.S.

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Senator Adam Schiff Moves to Ban Presidents and Families From Profiting Off Crypto

Senator Adam Schiff Moves to Ban Presidents and Families From Profiting Off Crypto

Senator Adam Schiff (D-CA) introduced legislation on Monday that would bar the president, vice president, and their immediate family members from engaging in crypto-related business ventures while holding office. Key Takeaways: Senator Schiff’s COIN Act would bar the president and family members from issuing or endorsing crypto. The bill requires disclosure of any digital asset

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Crypto Scores Major Win as Fed Scraps Reputation Risk in Supervision

Crypto Scores Major Win as Fed Scraps Reputation Risk in Supervision

The Federal Reserve’s pivotal policy change strips away reputational risk limits, opening powerful new avenues for U.S. banks to expand crypto services and fuel digital asset growth. Fed’s Shift on Reputation Risk Accelerates Crypto’s Banking Integration A major regulatory shift is paving the way for stronger integration of cryptocurrencies into the U.S. banking system, marking

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Texas could potentially invest up to .1B in Bitcoin if it allocates 10% of its treasury fund

Texas could potentially invest up to $2.1B in Bitcoin if it allocates 10% of its treasury fund

Texas Governor Greg Abbott signed the “Bitcoin Reserve Bill” SB 21 into law on June 21, allowing the state to invest an unlimited amount of money from the state’s fund into Bitcoin (BTC). SB 21 creates the Texas Strategic Bitcoin Reserve and lets the Comptroller buy BTC so long as the asset’s market cap exceeds

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Texas could potentially invest up to .1B in Bitcoin if it allocates 10% of its treasury fund

Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers

Texas is now legally empowered to build its own Bitcoin reserve funded with taxpayer dollars before the federal government takes any comparable action. Governor Greg Abbott on Saturday signed Senate Bill 21, a law that explicitly allows the state to buy and hold Bitcoin and other top-tier cryptocurrencies. The measure passed the Texas House and

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FTX Lawyers Slam 3AC’s .5B Claim — Say Collapse Was Entirely Self-Inflicted

FTX Lawyers Slam 3AC’s $1.5B Claim — Say Collapse Was Entirely Self-Inflicted

FTX lawyers are pushing back against a $1.5 billion claim from defunct hedge fund Three Arrows Capital (3AC), calling it baseless and rooted in the firm’s own trading missteps. Key Takeaways: FTX is seeking to fully reject 3AC’s $1.5B claim, calling it legally and factually unfounded. The exchange argues 3AC breached margin terms and ignored

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XRP joins Solana and Litecoin in top ETF approval tier

XRP joins Solana and Litecoin in top ETF approval tier

Key Takeaways Bloomberg analysts raised approval odds for spot crypto ETFs like XRP, Solana, and Litecoin to 90% or higher. SEC’s positive engagement signals likely approval for multiple new spot crypto ETFs beyond Bitcoin and Ethereum. Share this article XRP has moved into the top tier of ETF approval prospects, next to Litecoin and Solana,

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Coinbase makes history with EU-wide crypto license under MiCA

Coinbase makes history with EU-wide crypto license under MiCA

Coinbase, the largest US-based exchange, has taken a major step in its global expansion by securing approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation, according to a June 20 statement. The exchange confirmed that Luxembourg’s financial watchdog, the Commission de Surveillance du Secteur Financier (CSSF), granted it the necessary license to operate across the

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Norway eyes crypto mining ban amid local firms’ heavy investments in Bitcoin

Norway eyes crypto mining ban amid local firms’ heavy investments in Bitcoin

Norway is reportedly planning to introduce a temporary ban on the development of new data centres linked to crypto mining, Reuters reported on June 20. According to the report, the government is expected to implement the restrictions before the end of the year, citing environmental and energy concerns. The government says the aim is to

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