Swiss campaigners are abandoning their effort to mandate the Swiss National Bank to hold bitcoin reserves after collecting only half of the required signatures. The initiative aimed to amend the constitution to include BTC alongside gold and foreign currencies, but faced opposition due to concerns over volatility and liquidity.
Bitcoin and major cryptocurrencies paused their recent rally as global equities hit new records on Iran ceasefire hopes, with Bitcoin holding near $81,000 and Ether slipping below $2,330.
White House crypto adviser Patrick Witt revealed a July 4 target for the Clarity Act's passage during a Wednesday address at Decryptnews's Consensus Miami conference, outlining a tight legislative schedule and recent compromises on stablecoin yields and conflict-of-interest rules.
Sacramento District Attorney Ho argues that ambiguous crypto regulations stifle innovation and drive developers offshore, urging Congress to clarify laws to distinguish between software developers and actual criminals.
Ripple and JPMorgan have successfully completed the first cross-border redemption of a tokenized U.S. Treasury fund on the XRP Ledger, processing the transaction in under five seconds outside traditional banking hours. This pilot demonstrates the potential for 24/7 global markets by linking public blockchains with interbank settlement rails.
Canada has introduced its first regulated CAD-pegged stablecoin, CADD, backed by major financial players like Shopify and the National Bank of Canada, aiming to challenge U.S. stablecoin dominance in the crypto space.
The founder and CEO of Cardano’s Input Output said Google, Amazon and Facebook are terrified because AI agents will not behave like humans when confronted with ads.
Swiss campaigners are abandoning their effort to mandate the Swiss National Bank to hold bitcoin reserves after collecting only half of the required signatures. The initiative aimed to amend the constitution to include BTC alongside gold and foreign currencies, but faced opposition due to concerns over volatility and liquidity.
Senator Kirsten Gillibrand insists that any crypto market structure bill must include strict ethics rules prohibiting senior officials from holding digital asset investments, a key hurdle in current negotiations.
ECB President Christine Lagarde cautions against Europe simply adopting the U.S. stablecoin model, emphasizing the need for central bank-backed infrastructure to safeguard financial stability and monetary sovereignty. While private initiatives push for a digital euro, Lagarde advocates for a CBDC approach, targeting a 2029 rollout.
Payward, Kraken's parent company, has submitted an application to the OCC for a national trust company charter, aiming to establish a federally regulated entity for digital asset custody services.
GameStop's ambitious $55.5 billion bid for eBay has reignited speculation that the retailer may liquidate its $368 million Bitcoin portfolio to finance the transaction, despite CEO Ryan Cohen's previous emphasis on strategic growth over crypto holdings.
Institutional borrowers are demanding greater transparency, standardized contracts, and traditional risk controls from crypto lenders, signaling a shift away from complex DeFi structures toward familiar TradFi practices.
SEC Chair Paul Atkins outlines potential regulatory updates for blockchain markets and AI-driven finance, emphasizing a shift toward formal rulemaking to accommodate hybrid traditional-decentralized models and automated financial systems.
Coinbase surged 10% as altcoins like Solana, LINK, and SUI led gains, while Bitcoin maintained its $80,000 support amid positive regulatory signals from the SEC.
Legal representatives for North Korean terrorism victims have shifted their argument in a federal court case, claiming the April 18 Aave exploit was fraud rather than theft to justify seizing $71 million in frozen cryptocurrency.
The Decryptnews 20 Index climbed 1.3% today, with all 20 constituent assets posting gains. Internet Computer (ICP) and Chainlink (LINK) led the charge, while Litecoin (LTC) and Binance Coin (BNB) posted the smallest increases.
Bermuda is distributing USDC stablecoins to residents and merchants to foster an on-chain economy, drawing praise from Coinbase's Paul Grewal for its collaborative regulatory model.
Tetra Trust launches CADD, Canada’s first regulated CAD-pegged stablecoin, backed by Shopify and the National Bank of Canada, aiming to challenge USD stablecoin dominance with 24/7 institutional settlement solutions.
Crypto stocks rallied Monday with Circle and Coinbase leading gains as Bitcoin surpassed $80,000 and progress on the Digital Asset Market Clarity Act fuels optimism.