Latest from Nikhilesh De
Brazil's central bank bans stablecoin and crypto settlement in cross-border payments
The ban applies to fintechs and payment firms, closing the back-end payment rail for cross-border flows, but individual crypto investors can still buy and hold assets.
Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup
The agreement necessitates firms restructure reward programs from a "buy and hold" to a "buy and use" model; however, CCI raised concerns over its broad prohibition.
Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield
The text released Friday blocks crypto firms from offering stablecoin yield offerings that look like bank deposits, but "bona fide" transactions are allowed.
Bitcoin takes another aim at $80,000 as stocks rise, oil drops on Iran optimism
The crypto asset rose nearly 3% over the past 24 hours.
Bithumb scores a legal win in South Korea as six-month suspension is lifted by local judge
South Korea's financial watchdog imposed a $24.6 million fine on Bithumb and partial suspension that came into effect last month.
U.S. senators won't be weighing in on prediction markets bets after banning themselves
The Senate agreed unanimously to revise its rules to ban members and their staffs from wagers on prediction markets platforms.
Senator Warren questions Commerce Secretary Lutnick on Tether loan to family
Senators Elizabeth Warren and Ron Wyden sent letters to Howard Lutnick and Tether CEO Paulo Ardoino asking about a loan Tether reportedly made to Lutnick's family.
Fed chair Jerome Powell says he will stay on as Govenor after term amid legal pressure
During a press conference following the Fed's interest rate decision, Powell said ongoing scrutiny and political tension forced him to stay, despite his plans to step down.
JPMorgan hires former Goldman Sachs exec for Kinexys. Here is why he believes tokenization is only half the battle
JPMorgan’s new crypto head Oliver Harris has previously warned that tokenizing assets isn't a magic fix for liquidity, but believes the technology is finally ready to "rip out" and replace the financial industry's legacy back end.
U.S. senator holding cards on Clarity Act's next move says it's ready to get to hearing
Senator Thom Tillis was at the center of the legislative negotiations over stablecoin yield that have delayed the market structure bill, but he said it's time to go.
