Transaction URL: https://whale-alert.io/transaction/algorand/5CV24QJWFZTV2KUN5YFNO4Y4NUZ4PCRPVLKL4MLNNJFXD45DYVSQ
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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…
Read more on Blockworks
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]…
Read more on BitcoinMagazine
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…
Read more on BitcoinMagazine