Ripple CEO Sets May Timeline For CLARITY Act Approval Amid Stablecoin Yield Debate
[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Congress returned from the Easter recess on Monday, and Ripple CEO Brad Garlinghouse used the moment to sound notably more confident about the CLARITY Act—the anticipated crypto market structure bill that has been stuck for months. In recent remarks, Garlinghouse pointed […]
Stablecoin Yield Debate Pits Wall Street Against Crypto as US Nears Policy Breakthrough
[ad_1] A potential breakthrough on stablecoin yield signals a shift in US policymakers’ approach to crypto market structure, industry experts tell DeFi Rate, with implications for how stablecoins are classified and regulated. Thursday’s closed-door GOP crypto market structure meeting signaled progress is being made on a compromise on stablecoin yield; however, conversations remain in a […]
Banks Should Embrace Stablecoin Yield in CLARITY Act: White House Adviser
[ad_1] Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill. The banking industry should not be threatened by crypto companies offering stablecoin yield to customers, and both sides must compromise on the issue, according to White House crypto adviser Patrick Witt. Witt […]
Why Bitcoin’s pullback looks riskier after a $2.24B stablecoin exit
[ad_1] As the market shifts into risk-off mode, risk management naturally takes center stage. Historically, this has meant either exiting positions or moving to the sidelines, waiting to re-enter once conditions flip back to risk-on. Notably, how investors are positioning around this shift is likely to shape Bitcoin’s [BTC] next move. On the speculative side, […]
LMAX Group Adds Ripple’s RLUSD Stablecoin For Global Exchange After $150 Million Deal
[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure financial technology company, LMAX Group, announced a significant partnership with blockchain payment leader Ripple on Thursday, backed by a $150 million investment from the crypto firm, aimed at incorporating its RLUSD stablecoin into LMAX’s payment infrastructure. New Trading Solutions With Ripple’s […]
Blockchain Association Rejects Proposal To Widen Stablecoin Yield Restrictions
[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Blockchain Association led a broad industry push this week, asking Senate Banking leaders to resist efforts that would widen a ban on stablecoin yields beyond what Congress wrote into law. According to the association, the letter was signed by more […]
US Congressmen Unveil Bipartisan Move To ‘Modernize’ Stablecoin Tax Code
[ad_1] U.S. lawmakers have unveiled a bipartisan effort to modernize the federal tax code’s treatment of digital assets, with a particular focus on stablecoins, everyday transactions, staking and mining rewards. Representatives Max Miller (R-OH) and Steven Horsford (D-NV) released a draft of the Digital Asset PARITY Act that aims to provide clearer, more practical tax […]
Brazil Brings Crypto Under Banking Rules, Targets Stablecoin Payments
[ad_1] Brazil’s central financial institution accomplished guidelines that deliver crypto corporations below banking-style oversight, classifying stablecoin transactions and sure self-custody pockets transfers as foreign-exchange operations. Underneath Resolutions 519, 520 and 521, revealed Monday, the Banco Central do Brasil (BCB) established operational requirements and authorization procedures for what it calls Sociedades Prestadoras de Serviços de Ativos […]
Canada Budget Promises to Stablecoin Regulation Next Year
[ad_1] Canada is about to introduce laws regulating fiat-backed stablecoins beneath its federal price range for 2025, following the footsteps of the US, which handed landmark stablecoin legal guidelines in July. Stablecoin issuers shall be required to carry enough reserves, set up redemption insurance policies and implement numerous threat administration frameworks, together with measures to […]
A Guide to Using Bitcoin for Stablecoin Loans – Navigating Bitcoin-Backed Lending
[ad_1] This information gives a complete overview of the method for changing Bitcoin (BTC) right into a wrapped or tokenized type (cbBTC, wBTC and others) for use as collateral for borrowing stablecoins like USDT and USDC. It explores a number of distinct pathways, detailing the related platforms, advantages, and inherent dangers of every strategy. The […]