Morgan Stanley Quietly Launches Its First Fund Built Specifically for Stablecoin Issuers is quietly building the plumbing for the stablecoin economy, and that’s where the real money usually hides. New fund: Stablecoin Reserves Portfolio, ticker MSNXX Launch date: April 23, after an SEC filing on April 16 Purpose: A reserve vehicle for stablecoin issuers needing […]
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U.S. banking groups are pushing federal regulators for more time to comment on stablecoin regulation under the GENIUS Act, arguing the rules are too interconnected to rush without creating a mess. Banking groups want a 60-day extension for comment periods The OCC stablecoin framework is seen as the key starting point Regulators at Treasury, FDIC, […]
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SEC Chair Atkins Demands Action: Will Congress Deliver on Crypto Regulation with the CLARITY Act? Is the U.S. on the brink of squandering its chance to lead the cryptocurrency revolution? SEC Chair Paul S. Atkins seems to think so, taking to social media to urge Congress to pass the CLARITY Act—a bill that could finally […]
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FDIC Unleashes 144-Question Overhaul for Stablecoin Regulation The Federal Deposit Insurance Corporation (FDIC) has fired off a bold proposal to regulate stablecoin issuers under its jurisdiction, dropping a hefty 144 questions for public input during a 60-day comment period. Tied to the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law […]
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FDIC’s 191-Page Stablecoin Regulation: No Insurance for Crypto Holders The Federal Deposit Insurance Corporation (FDIC) has fired a major shot across the bow of the stablecoin industry, voting to release a sprawling 191-page proposed rule under the GENIUS Act. Targeting a $316 billion market, this framework imposes rigid standards on “permitted payment stablecoin issuers” while […]
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US Treasury’s Tight AML Rules for Stablecoins: Innovation or Overreach? The US Treasury has dropped a regulatory bombshell on dollar stablecoin issuers, unveiling stringent anti-money-laundering (AML) and sanctions compliance rules that could redefine the crypto game. Spearheaded by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC), these proposals demand […]
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Fed Governor Sounds Alarm on Stablecoin Risks as CLARITY Act Hits Roadblocks Stablecoins, the digital tokens pegged to fiat currencies like the US dollar, are pitched as a stable lifeline in the chaotic crypto markets. But are they a game-changer for finance or a looming catastrophe? Federal Reserve Governor Michael Barr dropped a stark warning […]
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U.S. Treasury Seeks Input on GENIUS Act Stablecoin Regulation: What It Means for Crypto The U.S. Treasury has taken a major step toward shaping the future of stablecoins with the release of its initial rules under the GENIUS Act, a groundbreaking law signed by President Donald Trump in July to formalize oversight of these digital […]
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Federal Reserve’s Barr Sounds Alarm: Stablecoins Risk Financial Chaos Despite New Law Federal Reserve Governor Michael S. Barr has dropped a stark warning: stablecoins, even with fresh U.S. legislation in place, could still ignite systemic financial turmoil if oversight fails and issuers cut corners. His concerns cut through the hype surrounding these dollar-pegged digital assets, […]
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Better Money Raises $10M for Stablecoin Clearinghouse Amid GENIUS Act Regulatory Changes Better Money, a promising new venture in the crypto infrastructure space, has clinched $10 million in seed funding to build a clearinghouse for U.S. dollar stablecoins. Co-founded by former a16z crypto investor Sam Broner and ex-Latham & Watkins attorney Adam Zuckerman, the startup […]
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