Coinbase is reportedly lobbying US lawmakers to reject any transfer to amend the crypto market construction invoice to limit its skill to pay rewards to stablecoin holders on its platform. Coinbase depends on income generated from curiosity on the reserves backing stablecoins like USDC as a big supply of earnings,Continue Reading
Seven Labour MPs who chair parliamentary committees have urged the federal government to ban cryptocurrency donations, citing dangers to transparency and electoral integrity. Ministers acknowledge the dangers however imagine a ban won’t be prepared for inclusion within the forthcoming elections invoice. Reform UK’s acceptance of a serious fiat donation fromContinue Reading
President Trump formally dominated out a pardon for Sam Bankman-Fried, confirming he is not going to intervene within the FTX founder’s 25-year sentence. The choice got here throughout a broader dialogue the place Trump additionally rejected clemency for Sean “Diddy” Combs, Robert Menendez, and Nicolás Maduro. Regardless of SBF’s makesContinue Reading
Florida’s SB 1038 proposes a “Strategic Cryptocurrency Reserve” to carry Bitcoin, managed individually from normal state funds by the Chief Monetary Officer. The invoice restricts purchases to belongings with a $500 billion common market cap, successfully making Bitcoin the one eligible cryptocurrency for the state’s treasury. Not like failed 2025Continue Reading
A federal choose in Florida dismissed a class-action lawsuit in opposition to Mark Cuban and the Dallas Mavericks that accused them of deceptive traders by selling Voyager Digital. The ruling dismissed all allegations of securities regulation violations and shopper fraud “in its entirety,” leaving the plaintiffs with no path toContinue Reading
Police in India arrested a former employee concerned in a buyer information theft and a 20-million-dollar ransom demand. Criminals bribed assist workers to steal data from 70,000 customers however Coinbase refused to pay and mentioned no funds had been misplaced. The breach was linked to outdoors contractors and will priceContinue Reading
The Digital Asset PARITY Act introduces a $200 capital beneficial properties tax exemption for purchases made with regulated US greenback stablecoins beginning after 2025. Taxpayers might select to defer earnings taxes on crypto staking and mining rewards for as much as 5 years to keep away from being taxed onContinue Reading
The ECB has accomplished all technical and preparatory work for the digital euro, with President Christine Lagarde confirming that issuance now will depend on the European Parliament and Council passing the required laws in 2026. Whereas charges had been left unchanged and inflation is projected to return to the two%Continue Reading
US lawmakers and trade teams sign rising momentum towards advancing a crypto market construction invoice regardless of a delayed markup. Negotiations deal with SEC–CFTC jurisdiction, DeFi remedy, ancillary property, and stablecoin yield provisions. Bipartisan talks are persevering with, with advocates anticipating formal motion in January or early 2026. US lawmakersContinue Reading
The FDIC is launching a 60-day public remark interval for its first rule proposal underneath the GENIUS Act, which creates a pathway for banks to situation stablecoins by means of subsidiaries. The proposal establishes a “tailor-made” utility course of with a 120-day overview window and an appeals system to minimiseContinue Reading
