The US Treasury could experience a surge in demand for government debt from the digital asset sector, potentially reaching $2 trillion over the next several years, according to Treasury Secretary Scott Bessent. Bessent made the statement during a House Financial Services Committee hearing on the global financial system, where he emphasized the growing financial relevance […]
Senate Democrats introduced legislation that would bar sitting presidents, lawmakers, and their families from issuing, endorsing, or holding cryptocurrency. The End Crypto Corruption Act, announced May 6, seeks to prevent elected officials from personally benefiting from digital assets while shaping policy. Bill targeting Trump’s memecoin issuance drops amid stablecoin legislation worries As Senator Jeff Merkley’s (D-OR)
Senate bill seeks to block presidential crypto gains amid TRUMP memecoin controversy Read More »
Bitwise CIO Matt Hougan cautioned that the digital asset market may face a turbulent summer if lawmakers in Washington fail to pass key crypto legislation, despite strong early momentum under President Donald Trump’s administration. In a note to clients, Hougan said crypto’s recent gains remain fragile without legal safeguards from Congress, warning that political gridlock
Bitwise sees peril in stalled crypto legislation amid political unrest Read More »
Coinbase unveiled an open-source protocol for on-chain payments via HTTP called x402. Announced on May 6, the system repurposes the previously unused HTTP 402 “Payment Required” status code to support direct machine-native payments using stablecoins. The protocol enables autonomous agents and applications to pay for API access, data, and services without relying on human intervention,
Coinbase reveals x402 protocol to enable on-chain payments via HTTP Read More »
Senate Democrats, led by Sen. Gallego, signaled opposition to advancing the current stablecoin (GENIUS Act) bill. Concerns stem from President Trump’s increasing personal financial ties to crypto ventures (memecoin, family-linked stablecoin). The legislative stall threatens not only the stablecoin bill but also progress on broader crypto market structure rules. The path forward for landmark stablecoin
Trump’s crypto ventures complicate path for landmark stablecoin legislation Read More »
Ripple’s XRP trading volume on top-tier exchanges throughout the first quarter, with average daily volume (ADV) holding nearly $3.2 billion, while XRP Ledger (XRPL) activity decreased. According to a May 5 report by Ripple, the volume trend reflects sustained institutional and retail engagement despite sharp price swings and moderating on-chain activity. Spot market data shows
XRP trading volume steady at $3.2B in Q1, but XRPL activity contracts sharply Read More »
Ripple has pledged $25 million in its RLUSD stablecoin to support US education through nonprofit organizations DonorsChoose and Teach For America. The contribution, revealed on May 5, aims to support teachers, fund classroom projects, and expand access to essential academic resources for underserved communities across the United States. This initiative comes at a time when
Ripple commits $25 million in RLUSD stablecoin to boost US education Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure United States Sen. Elizabeth Warren is urging Congress to reject the GENIUS Act, a bill that would potentially pave the way for what she terms “crypto corruption.” The bill – the Guiding and Establishing National Innovation for US Stablecoins Act – has
Senator Rips GENIUS Act, Alleges Trump Cashing In On USD1 Coin Read More »
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Whales Lose Big In $8.58 Million Sell-Off Read More »
A group of nine Democratic Senators announced that they will withdraw their support for the landmark U.S. stablecoin legislation unless changes are made to the bill. In a joint statement issued on May 3, the Senators noted that there are several issues with the current version of the stablecoin bill known as the Guiding and
U.S. stablecoin regulation could be delayed as pro-crypto Democrats pull support Read More »
