Stablecoin
Sen. Lummis Addresses Algorithmic Stablecoin Ban in New Bill
Sen. Cynthia Lummis (R-Wyo.) joins "First Mover" to discuss the new bill she introduced with Sen. Kirsten Gillibrand (D-N.Y.) that again aims at providing a regulatory framework for stablecoins in the U.S. Plus, why they proposed to ban algorithmic stablecoins in the bill.
What's Stopping Congress From Passing Crypto Regulation?
Sen. Cynthia Lummis (R-Wyo.) explains that crypto-related "colossal failures" in the past few years have prevented Congress from moving forward with digital assets regulation. Therefore, she believes that "starting with a very firm, solid regulatory framework seemed to be a good place to just lay the product on the table for comment."
USDe Holders Should Monitor Ethena's Reserve Fund to Avoid Risk, CryptoQuant Warns
CryptoQuant also said that Ethena's keep rate should remain above 32% in the event of a bear market.
DeFi Firm Usual Labs Raises $7M Round Led by Kraken Ventures and IOSG Ventures
The firm has received a commitment of $75 million in total value locked for the launch of its stablecoin USD0.
Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra
"A lot of things can go wrong," in Ethena's yield-generation strategy, said Folkvang CEO Mike van Rossum.
Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl
House Financial Services Committee Chairman Patrick McHenry and the panel's ranking Democrat, Maxine Waters, reportedly met with the Senate's majority leader on next steps.
Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push
FDUSD has quickly become the fourth-largest stablecoin since its launch last year under Hong Kong's digital asset regulations, benefitting from crypto exchange giant Binance's trading promotion.
Republican Sen. Tillis Calls for ‘Light’ Crypto Regulatory Framework Ahead of Presidential Election
Lawmakers on both sides of the aisle urged the need for new crypto laws on Tuesday, as Deputy Treasury Secretary Wally Adeyemo asked for “additional tools” to effectively crack down on illicit crypto financing.
Eisenberg's $110M Fraud Trial Opens; FSI Calls for Consistency in Stablecoin Regulation
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as ether rallied to near $3,600 during the early hours of the East Asia trading day. Plus, crypto trader Avi Eisenberg's criminal fraud and manipulation trial opens. And, the latest study from Financial Stability Institute calls for countries to make their regulatory frameworks for stablecoins consistent.
Key Congressman McHenry Is Bullish U.S. Stablecoin Law Will Pass This Year
The window is narrowing for legislation to set up rules for stablecoin issuers in 2024, but the retiring chairman of the House Financial Services Committee says it can be done.
