Tim Scott, a U.S. senator, has revealed that this week banks and crypto lobbyists may compromise regarding stablecoin yield payments. In the current scenario, the Senate’s crypto market structure bill progress is stalled. Scott attended a crypto lobby event in Washington chaired by the Senate Banking Committee, in which he
Wells Fargo filed a trademark application for “WFUSD”, igniting speculation that the U.S. banking giant may be looking for a blockchain-based payment token or stablecoin. As per the filing, the mark covers financial services associated with digital assets, comprising crypto-associated payments and electronic financial transactions. While Wells Fargo hasn’t publicised
The recent debate concerning stablecoin yields may be neglecting a wider macroeconomic dynamic, as per Patrick Witt, the executive director of the President’s Council of Advisors for Digital Assets. On March 11, Witt posted on X, mentioning that the stablecoins’ complaint with the GENIUS Act framework could really influence new
The federal prosecutors of the United States have filed a civil forfeiture action to recoup around 3.44 million USDt associated with a claimed online crypto investment scam that targeted victims across various states. As per the March 10 announcement from the US Attorney’s Office in Boston, the funds were associated
A banking lobby group hailing from the US is looking to take legal action against the Office of the Comptroller of the Currency over the agency permitting national trust bank charters to crypto companies. An unknown source close to the lobby’s thinking has informed The Guardian that the Bank Policy
The U.S. Department of the Treasury has revealed that cryptocurrency ATMs are growingly being used by fraudsters and criminal groups. These devices permit users to swiftly exchange cash for cryptocurrency. As per the agency, criminals use such terminals to gather funds from victims with minimal oversight, as per the reports.
The U.S. federal court permitted the Tether/Bitfinex crypto case yesterday to proceed as a class action. Although the case of investors claims that both companies influenced Bitcoin and Ethereum prices at the time of the 2018 crypto boom using newly issued USDT tokens. A federal judge in New York permitted
The officials from the crypto industry are integrating via US President Donald Trump’s National Cyber Strategy after it got released on March 6, looking for hints regarding what it could indicate for government support of the crypto industry. Alex Thorm, the head of firmwide research of Galaxy Digital, mentioned in
The cryptocurrency ecosystem of Iran is still structurally sound regardless of contracting sharply after the United States and Israeli military strikes, as per a new report published by TRM Labs. On March 2, a published post mentioned that the blockchain analytics company mentioned that transaction volume on Iranian exchanges slipped
The recent U.S.-Iran war update consists of the announcement from President Trump that his country would not retaliate for its airstrike until its objectives are met. The comments led to the crash of the crypto market resuming after the brief recovery. BTC and altcoins have carried on their free fall
