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Democratic senators have asked Comptroller of the Currency Jonathan Gould to explain how he’ll prevent Donald Trump from influencing stablecoin rules that may benefit his family. Source: cointelegraph.com (Read Full Article)
Salvadoran President Nayib Bukele can now run for election indefinitely
El Salvador approved indefinite reelection for president and extended terms to six years, sparking backlash from critics warning of increasing authoritarianism. Source: cointelegraph.com (Read Full Article)
Andreessen Horowitz warns of loopholes in draft US crypto rules
Andreessen Horowitz urged the US Senate Banking Committee to scrap the “ancillary asset” concept in draft crypto legislation, warning of loopholes. Source: cointelegraph.com (Read Full Article)
GENIUS sets new stablecoin rules but remains vague on foreign issuers
The GENIUS Act leaves a foreign stablecoin loophole that puts US issuers at a competitive disadvantage, says former CFTC Chair Timothy Massad. Source: cointelegraph.com (Read Full Article)
State of stablecoins after GENIUS Act: Expert weighs in
Following the landmark US passage of the GENIUS Act, Fabian Dori of Sygnum Bank breaks down what lies ahead for stablecoins, institutional adoption and global crypto regulation. Source: cointelegraph.com (Read Full Article)
UK regulator lifts ban on crypto ETNs for retail investors
After banning retail access to crypto ETNs and derivatives in 2021, the FCA has reversed its approach in favor of ETN access for retail. Source: cointelegraph.com (Read Full Article)
Crypto treasuries top $100B for Ethereum’s 10th anniversary: Finance Redefined
Ethereum’s 10th anniversary celebration was marked by an uptick in institutional demand for Ether as an alternative treasury reserve asset, prompting Wall Street to look past Bitcoin. Source: cointelegraph.com (Read Full Article)
Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset
Stablecoin-linked stocks in Hong Kong plunged by double digits amid the city’s new regulatory transition, but experts say it’s a healthy correction. Source: cointelegraph.com (Read Full Article)
SEC Chair Aktins calls to ‘reshore crypto’ as companies move back to the US
With officials urging companies to “reshore crypto,” global companies are expanding US operations as the Trump administration rolls out pro-crypto reforms. Source: cointelegraph.com (Read Full Article)
DeFi Education Fund urges Senate to strengthen crypto dev protections in draft bill
DeFi Education Fund called on the Senate Banking Committee to frame a key crypto market bill in a more tech-neutral way and strengthen crypto developer protections in a recent letter. Source: cointelegraph.com (Read Full Article)