The investigation was reportedly not connected to Jesse Powell’s activities within the crypto industry.
The Genius Act is a US law aimed at establishing federal oversight for stablecoin issuers, setting rules for reserves, redemption rights, and licensing requirements.
Western Union is exploring stablecoin integration for cross-border transfers, conversions and digital wallets, positioning it as an innovation opportunity.
Hashed Emergent’s Vishal Achanta told Cointelegraph that COINS Act aims to turn India from a “regulatory minefield” into a destination of choice for the crypto community.
Chinese blockchain Conflux launched Conflux 3.0 network and unveiled a new offshore yuan-backed stablecoin targeting “Belt and Road” cross-border payments.
Institutional investors will increasingly adopt blockchain-based compliance solutions and tokenized RWAs, Chainlink’s co-founder Sergey Nazarov told Cointelegraph.
ERC-3643 Association president Dennis O’Connell told Cointelegraph the SEC showed “a noticeable shift in tone” and openness to blockchain standards.
House Republicans have proposed a plan to trim the SEC’s budget and cut enforcement funding for a Biden-era rule requiring public companies to quickly report cyberattacks.
Crypto ATM arrests in London come as US states like Wisconsin move to limit daily transactions and mandate fraud warnings.
The second week of the Roman Storm trial kicked off with Judge Katherine Failla allowing a witness to testify that Tornado Cash could have been modified to prevent criminal use.