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Republicans Introduce Bills to Halt CBDC Implementation

15.9.2023
Lawmakers for the House Financial Services Committee (HFSC) introduced three bills on Thursday aimed at curbing the Federal Reserve's potential foray into the world of CBDCs. The trio of bills rekindled prior Republican efforts to explicitly restrict the Federal Reserve from issuing a digital...

Dueling CBDC Bills Heading for U.S. Digital Dollar Debate in Congressional Hearing

14.9.2023
The idea of a digital dollar in the U.S. is so egregious to Republican lawmakers that it’s become a presidential campaign talking point and the subject of multiple bills to strangle it before it takes a first breath. But Rep. Stephen Lynch (D-Mass.) reintroduced a bill Thursday calling for...

Digital Trading Platform MetaComp Offers Clients Stablecoin-to-TradFi Security Path, Claiming Singapore First

13.9.2023
Trading volume has climbed to around $50 million since the service was introduced last month

Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters

9.9.2023
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral...

Tether's Ardoino says it's now one of top buyers of US Treasury bills, holds $72.5B

5.9.2023
The amount of exposure places Tether in the top 22 biggest holders of US Treasury bills, ranking above countries like Spain, Mexico, Australia and the United Arab Emirates

Crypto Exchange Mango’s Legal Bills Swell, a Year After Alleged $116M Heist

7.8.2023
First the blockchain-based exchange was allegedly victimized by a market manipulator, and now it's having to spend big on lawyers to pursue suits and other remedies

X will foot legal bills of users unfairly treated by employers for posting or liking content: Elon Musk

6.8.2023
The move appears to be related to cancellations, and people that were fired or mistreated at work for liking or posting certain content

Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash

3.8.2023
The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter

Stablecoin Bill's Failure Reflects Deepening Political Divide in Crypto

3.8.2023
The passing of a much-discussed stablecoin bill last week in the House Financial Services Committee revealed just how deep the political divide in Washington has become, a recent Fortune Crypto newsletter said. The bill, which was close to getting bipartisan support after negotiations between...

Tether Attestation Reveals Reserve Increase of $850 Million in Q2, Excess Reserves Reach $3.3 Billion

1.8.2023
Tether, the company behind the USDT stablecoin, has published an attestation revealing the company’s financials during Q2 2023. The document, prepared by BDO, a network of accounting and consulting services, found Tether has increased its reserves by $850 million during this period, with...

Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly

1.8.2023
The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law

4 Crypto Bills Pass US House Committee

1.8.2023
The U.S. House Financial Services Committee has passed four crypto bills. “Congress is asserting its authority to design a regulatory framework, rather than allowing overzealous federal agencies to fill the gap with enforcement actions,” said the CEO of Blockchain Association. US House Committee...

First major success in US Congress for two crypto bills: Law Decoded

31.7.2023
In a 35–15 vote, the House Financial Services Committee approved the Financial Innovation and Technology for the 21st Century Act

Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills

31.7.2023
Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion

US House Committee Passes ‘Keep Your Coins Act’ to Protect Right to Self-Custody Crypto

30.7.2023
The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said Congressman Warren Davidson who introduced the bill....