Cheyenne Ligon

Cheyenne is a features and opinions editor at CoinDesk. Previously, she covered U.S. policy and regulation, with a focus on court proceedings and crime. She was part of the Gerald Loeb award-winning team that chronicled the downfall of FTX's Sam Bankman-Fried. She has no significant crypto holdings.

Cheyenne Ligon

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Opinion

Big banks want to freeze innovation. History says that’s a mistake

The fight over stablecoin yield is less about protecting consumers and more about protecting banking incumbents, argues Bill Hughes, Senior Counsel and Director of Global Regulatory Matters for Consensys.

Wall street signs, traffic light, New York City

Finance

Algorand Foundation returns to U.S. amid friendlier crypto regulation under Trump

The blockchain nonprofit is moving its base of operations back to the United States and has appointed a new board to oversee its next phase of growth.

Algorand - ALGO Logo

Opinion

Congress must bar interest on payment stablecoins to avoid harming Main Street lending

Allowing crypto exchanges and other intermediaries to offer yield-like incentives on payment stablecoins would pose significant risks to local economies, argues Kevin Paintner, chairman of the Independent Community Bankers of America’s Digital Assets Subcommittee.

Main Street (Unsplash/Olivia Hutcherson/Modified by CoinDesk)

News Analysis

How a battle with bankers tarnished crypto's market structure bill near the finish line

The crypto industry contends that Wall Street giants stood behind community banks to undercut digital competitors before they could get a major legislative win.

Coinbase CEO Brian Armstrong at the White House

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Opinion

As America nears 250, financial freedom shouldn’t be up for debate

The banking lobby’s efforts to revisit or reinterpret Congress’ decisions regarding stablecoin rewards are driven by attempts to re-litigate settled law and blunt competition after the fact, argues Blockchain Association’s Summer Mersinger.

U.S. Congress (Jesse Hamilton/CoinDesk)

Tech

ClearBank taps crypto custody firm Taurus to power stablecoin services

The U.K. clearing bank has selected Taurus' wallet infrastructure as it expands into digital assets and stablecoin-based payments.

Stablecoin networks (Unsplash, modified by CoinDesk)

Markets

Former 'bitcoin mayor' Eric Adams faces $3 million rugpull allegation after issuing NYC Token

On-chain data revealed that a wallet linked to the token's deployer removed $2.5 million in liquidity, prompting accusations of a possible rug pull.

Eric Adams (Credit: Nikhilesh De)

Policy

Federal judge temporarily halts Tennessee's bid to shut down Kalshi sports contracts

A new ruling freezes a state cease-and-desist order while the court considers whether Kalshi’s CFTC-regulated platform is shielded from state gambling laws.

Kalshi website on a laptop.

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Markets

Staking goes mainstream: what 2026 could look like for ether investors

From fully staked ETFs to customizable institutional vaults, staking is evolving from a secondary consideration into a foundational pillar of Ethereum’s market structure.

Ethereum Logo

Policy

Wall Street broker Benchmark says this could be a pivotal week for digital assets

Senate action on market structure legislation could end years of regulatory uncertainty, unlock institutional liquidity and re-rate crypto-linked stocks.

The U.S. Capitol.