Transaction URL: https://blockchain.com/btc/tx/6276dc768e917f1fb90cd609c3a1cd2cd376654d291b80fbc5bc8e241199e88c
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Members of the House Financial Services Committee heard from crypto and banking executives on the state of payment stablecoins this morning.
Lawmakers have a few bills to consider: the STABLE Act, Rep. Tom Emmer’s anti-CBDC bill, and the CRA seeking to overturn the CFPB’s new rule that would expand federal supervision over wallet and payment providers.
The hearing comes as the industry continues to quarrel over what stablecoin regulation should look like in the US. In the Senate, the latest discussion draft of the GENIUS Act sets reserve and anti-money laundering requirements…
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Today at the Bitcoin Policy Institute’s “Bitcoin for America” summit in Washington DC, U.S. Senator from Wyoming Cynthia Lummis announced that she is going to reintroduce her strategic Bitcoin reserve legislation in the Senate today.
“I am so pleased to announce that today I will be reintroducing The Bitcoin Act,” Senator Lummis stated. “And I’ll be joined here shortly by Senator Justice of West Virginia, who is one of the cosponsors. And we have several other additional cosponsors. And a lot of it is a result of the excitement that’s been building.”
“So far cosponsors are [Tommy] Tubberville, [Marsha] Blackburn, [Roger] Marshall, [Bernie] Moreno, and [Jim]…
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Reflecting the United States’ growing embrace of Bitcoin, investment bank Cantor Fitzgerald has announced partnerships with Anchorage Digital and Copper.co to support its expanding global Bitcoin financing business.
Anchorage Digital and Copper.co will serve as collateral managers and custodians for Cantor Fitzgerald, providing leverage to institutional investors holding Bitcoin. Anchorage Digital and Copper will use their industry-leading security solutions to custody and safeguard client assets.
“We are thrilled to partner with Anchorage Digital and Copper, whose industry-leading security solutions will help us deliver best-in-class digital asset custody services to our…
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This is a segment from the Supply Shock newsletter. To read full editions, subscribe.
Serial entrepreneur Dan Held, whose past exits include Zeroblock and Interchange, sees Bitcoin DeFi as the largest untapped opportunity of his decade-long crypto career.
Speaking on the Supply Shock podcast Tuesday, Held told host Pete Rizzo that he sees decentralized finance (DeFi) as the key to unlocking bitcoin’s potential as a $300 trillion global asset. He pointed to the ability to earn yield for lending bitcoin — one of the many financial functions DeFi replicates without centralized intermediaries — as a major opportunity.
Held’s journey into Bitcoin DeFi began with his…
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Bitcoin mining pool Braiins has reached a major milestone by processing over 1,000 daily payouts on the Lightning Network. This achievement demonstrates the potential for Lightning to enable instant, low-cost transactions at scale for the mining sector.
Since first introducing Lightning payouts in February 2024 through a partnership with payments platform Voltage, Braiins has experienced consistent double-digit monthly growth in Lightning transactions. Miners now have access to immediate payouts of their earnings rather than relying on slower, expensive on-chain settlement.
According to Braiins CEO Eli Nagar, “Lightning payouts have completely changed the way miners receive…
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