American Bankers Association urges banks to oppose stablecoin yield loophole in Digital Asset Market Clarity Act ahead of Senate markup

Increased scrutiny on crypto transactions may elevate compliance costs and operational challenges for banks, impacting global financial flows. The post US urges banks to report suspected Iranian money laundering tied to crypto networks appeared first on Crypto Briefing.

Coinbase CEO Brian Armstrong said the CLARITY Act gave banks their must-haves as the Senate released its 309-page bill text. The Senate Banking Committee released the 309-page substitute text of the CLARITY Act on May 12, setting a committee markup…

Stablecoin yield startup Osero is also launching with access to a $2.5B USDS credit facility extended by Sky Ecosystem.

Senate Banking Committee Republicans mounted a defense of the CLARITY Act ahead of a scheduled May 14 markup, rejecting claims that the bill would weaken securities law, create loopholes, or ignore illicit finance risks. They argued the legislation would instead assign regulator authority, require disclosures, and add anti-fraud protections across digital asset markets. Republicans Answer […]

Warsh's likely succession as Fed Chair signals potential policy shifts, impacting market dynamics and Fed-Treasury coordination strategies. The post Senate confirms Warsh as Fed Governor, poised to succeed Powell as chair appeared first on Crypto Briefing.

Boundary Finance's stablecoin initiative could enhance institutional trust in crypto, potentially accelerating broader market adoption and regulatory alignment. The post Boundary Finance raises $2M in pre-seed funding led by Galaxy Ventures to build verifiable stablecoin appeared first on Crypto Briefing.

Grassley's support for the CLARITY Act could accelerate regulatory clarity, potentially boosting crypto investments but challenging smaller entities. The post Clarity Act gains support from Chuck Grassley ahead of Senate vote appeared first on Crypto Briefing.

The world’s largest asset manager, BlackRock, has picked Ethereum over the XRP Ledger (XRPL) as it plans to launch two tokenized money-market funds. These funds will target stablecoin holders as BlackRock continues to expand its crypto offerings.  BlackRock Picks Ethereum Over XRP Ledger For New Funds According to a Bloomberg report, BlackRock has filed with […]