Bank of England Warns Stablecoins Now Move Treasury Markets
A Bank of England policymaker says stablecoins now hold nearly $150 billion in Treasury bills, boosting dollar dominance while raising redemption risks for government debt markets.
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Regulation
Senate Blocks Clarity Act as Trump Crypto Wealth Sparks Ethics Fight
A Senate cloture vote on the Clarity Act failed after Democrats demanded tougher restrictions on Trump's crypto wealth, stalling the first comprehensive U.S. crypto market structure bill until after the midterms.
Ex-Robinhood Engineers Charged With Fraud Over Crypto Listing Trades
Two former Robinhood engineers face federal fraud charges for allegedly trading Hyperliquid perpetual futures on inside knowledge of upcoming crypto listings, in a novel use of commodities law.
House Tax Bill Drops Relief for Crypto Miners and Stakers
A House tax bill up for markup this week drops a proposal to let crypto miners and stakers defer taxes until they sell, disappointing industry groups even as it addresses fees, stablecoins and lending.
CLARITY Act Odds Sink as Senate Democrats Reject GOP’s ‘Final’ Offer
Polymarket odds for CLARITY Act passage fell to 16% after Senate Democrats rejected a revised GOP proposal, with banks, tribal gaming groups and state AGs also pushing back.
WTO Official: Fragmented Rules, Not Tech, Hold Back Stablecoins
A WTO official says fragmented rules, not blockchain technology, are the main reason stablecoins remain a tiny fraction of global cross-border payments.
Congress Committee to Vote on Locking Bitcoin Reserve Into Law
A U.S. congressional committee votes Wednesday on a bill to codify Trump's Strategic Bitcoin Reserve into law, aiming to shield it from reversal by future administrations.
Senate’s Clarity Act Faces Tuesday Test With Votes Still Short
Senate Republicans unveiled a final Clarity Act draft ahead of Tuesday's procedural vote, but Democratic objections and banking industry pushback leave the crypto market structure bill's fate uncertain.
Fake Government Domain Tricked Revolut Into Leaking Crypto Customer Data
A fake government domain was enough to convince Revolut to release customer passports, selfies and bitcoin transaction records, exposing gaps in how fintechs verify data requests.
EU’s New Cyber Law Forces Crypto Wallet Makers Into 24-Hour Alerts
The EU's Cyber Resilience Act now forces crypto wallet makers like Trezor and Ledger to report exploited vulnerabilities within 24 hours or risk fines up to €15 million.