Stablecoins
US Regulators Exploring How Banks Could Hold Crypto Assets
According to Federal Deposit Insurance Corporation (FDIC) Chairwoman Jelena McWilliams, a group of U.S. regulators are reportedly exploring how banks could hold and deal with digital assets. CoinDesk’s Nikhilesh De discusses the latest on global policy and regulation. Plus, an update on the Biden Administration’s stablecoin report.
VanEck Launching Bitcoin ETF ‘XBTF’
CoinDesk’s Nikhilesh De discusses what regulatory events he’s continuing to watch as wealth manager VanEck’s bitcoin futures ETF is expected to launch Tuesday under the stock ticker XBTF. This is the third bitcoin futures ETF to be approved by the SEC following ProShares and Valkyrie Investments.
Fractional-Algorithmic Stablecoin Protocol Frax’s Governance Token Surges 80% on Supply Squeeze
About three-quarters of all circulating FXS supply is locked away for an average of 1.08 years, one analyst said.
US Treasury to Say SEC Can Regulate Stablecoins: Report
SEC Chairman Gary Gensler wants more authority before Congress works out how best to regulate the cryptocurrencies.
Mastercard Partners With Bakkt for Crypto Payments
Mastercard and digital asset platform Bakkt are teaming up to allow merchants and banks to build cryptocurrency into their offerings. The two companies plan to also shake up the way consumers can collect loyalty rewards. "The Hash" hosts discuss the development as a possible big step forward in bringing stablecoins and other cryptocurrencies to a wider market.
What CBDCs Mean for the Future of DeFi and Stablecoins
Central bank-issued digital currencies are an existential threat to permissionless stablecoins and finance.
Chris Giancarlo: 'Crypto is A Solution to Old, Expensive, Exclusive Existing Legacy System'
As bitcoin hits a 6-month high following the first U.S. bitcoin futures ETF "BITO" rising since its Tuesday trading debut, Chris Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), discusses where BITO fits among the larger regulatory picture in the U.S. within the SEC, CFTC, and Congress. Plus, his views on stablecoins, state issues around crypto lenders, and more.
‘Bridge Szn’ Continues With $2M Raise for Stablecoin Connector Symbiosis
Blockchain.com Ventures is leading an investment in a different type of cross-chain bridge.
US Lawmakers Push Back on Facebook’s Novi Wallet Launch
A group of U.S. lawmakers have ordered Facebook CEO Mark Zuckerberg to “immediately discontinue the company’s pilot of Novi” and end its work on the Diem stablecoin project, saying the social media giant cannot be trusted to launch a digital currency. "The Hash" team discusses Facebook's latest regulatory hurdle.
