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Woo X Introduces Tokenized US Treasury Bills for Retail Investors


Woo X has launched a new product offering retail customers exposure to tokenized U.S. Treasury bills, the first of its kind for a cryptocurrency exchange. The product, called RWA Earn Vaults, was developed with London-based Opentrade and provides an interest-bearing account backed by U.S....

Crypto Wealth Management Firm Abra Launches New Platforms for Private Clients


Crypto wealth management firm Abra said it has launched the “Abra Prime” and “Abra Private” platforms for private clients and received approval from the U.S. Securities and Exchange Commission to operate as an investment advisor The post Crypto Wealth Management Firm Abra Launches New Platforms...

U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill


U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain a value with some other asset, like the U.S. dollar – will operate in...

Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF


The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn't been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley...

Coinbase Seeks to Take Core Question in U.S. SEC Case to Higher Court


Coinbase is seeking to rip the bandage off of a legal impasse at the center of the crypto industry's fight with the U.S. Securities and Exchange Commission (SEC), filing an interim appeal on Friday that would ask a higher federal court to drill into the heart of the regulator's stance on digital...

Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl


The U.S. congressional effort to establish regulations for stablecoins has become an increasing longshot for passage this year, but the lawmakers who've pushed legislation the farthest reportedly had a meeting with Senate Majority Leader Chuck Schumer about it, Punchbowl News reported

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