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Banks Push Senate to Tighten Stablecoin Yield Rules in CLARITY Act

Banks Push Senate to Tighten Stablecoin Yield Rules in CLARITY Act

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US banking trade groups are pressuring lawmakers to tighten the stablecoin yield language in the CLARITY Act, arguing the current compromise still leaves room for crypto rewards that look an awful lot like interest. Banks want tighter stablecoin yield rules They fear rewards could mimic interest Crypto wants activity-based rewards preserved Senate markup is set […]

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Bank of England Warns U.S. Stablecoins Could Threaten UK Financial Stability

Bank of England Warns U.S. Stablecoins Could Threaten UK Financial Stability

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Bank of England Governor Andrew Bailey is warning that U.S.-issued stablecoins could become a real problem for the UK if they get too deeply wired into the financial system. Bailey’s warning: foreign stablecoins could create instability in a UK crisis Main risk: redemption runs and liquidity stress when confidence breaks Policy angle: the Bank of […]

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Senate Banking Committee Schedules May 14 Crypto Legislation Markup in U.S. Push

Senate Banking Committee Schedules May 14 Crypto Legislation Markup in U.S. Push

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The Senate Banking Committee has scheduled a May 14 markup for crypto legislation, putting Washington one step closer to deciding how much of the digital asset industry it wants to regulate, define, or shove into a bureaucratic straightjacket. Markup date: May 14 Focus: Senate Banking Committee review of crypto legislation Why it matters: U.S. rules […]

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Project Eleven Warns Quantum Computing Could Threaten Bitcoin by 2030

Project Eleven Warns Quantum Computing Could Threaten Bitcoin by 2030

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Bitcoin’s biggest long-term enemy may not be governments, exchange hacks, or the usual parade of scammers — it may be quantum computing. Project Eleven is warning that Bitcoin could face a serious cryptographic threat by 2030, and while that does not mean the network is on death row, it does mean the clock is ticking. […]

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