Banks Sound Alarm as Senate Prepares CLARITY Act Markup
The Senate Banking Committee is set to mark up the sweeping crypto market structure bill on Thursday.
Crypto News·
USDG, still issued by Paxos Singapore and regulated by MAS, will remain in market as one of many institutionally backed dollars as regulators, banks and VCs push toward a fragmented, multi‑issuer “economic OS.” Anchorage Digital, the first federally chartered crypto…
Read full articleThe Senate Banking Committee is set to mark up the sweeping crypto market structure bill on Thursday.
A U.S. senator criticized bank opposition to stablecoin legislation before a committee session, saying the American Bankers Association sought “immediate engagement” from bank CEOs. He framed the dispute as a fight over competition, yields, and control. US Senator Blasts Bank Pushback on Stablecoin Bill Senator Bernie Moreno (R-Ohio), a member of the U.S. Senate Committee […]
BNY is launching institutional Bitcoin and Ether custody from Abu Dhabi’s ADGM with Finstreet and ADI, paving the way for stablecoin and tokenized‑asset support. BNY plants a digital asset flag in ADGM BNY has announced the launch of institutional digital…
The post Stablecoins as a $9T ‘economic OS’ in a16z’s Arc bet appeared on BitcoinEthereumNews.com. a16z’s Arc thesis recasts stablecoins as a $9T “economic OS” for global finance, powering accounts, payments, FX and credit instead of just serving as crypto payment rails. Summary Andreessen Horowitz has laid out its investment thesis for Arc, arguing that stablecoins are evolving from simple payment rails into an on-chain “economic operating system” for global finance. The firm cites adjusted stablecoin transaction volume of around $9 trillion over the past year and a total USD stablecoin supply above $270 billion, framing the sector as systemic infrastructure rather than a niche crypto product. a16z positions Arc as a platform layer in this stack, abstracting stablecoins into programmable accounts, payments, FX and credit that can be embedded into applications worldwide. Andreessen Horowitz’s crypto arm has published a new thesis on its investment in Arc, arguing that stablecoins are “
a16z’s Arc thesis recasts stablecoins as a $9T “economic OS” for global finance, powering accounts, payments, FX and credit instead of just serving as crypto payment rails. Andreessen Horowitz’s crypto arm has published a new thesis on its investment in…
The BoE Governor warned U.S. dollar tokens could flood Britain in a crisis, given the gap in redemption guarantees under the GENIUS Act.
Polymarket traders price a 75% chance for the CLARITY Act becoming law in 2026. The probability dropped to 40% in January, peaked at 82% in February, fell to 43% in late April, then rose to the mid-70s. A Senate stablecoin yield deal caused the recent jump, banning bank-like rewards but allowing platform incentives. Polymarket traders […] The post CLARITY Act Gains Momentum as Polymarket Odds Hit 75% appeared first on Live Bitcoin News.
Peter Thiel-backed Augustus has won conditional OCC approval for a US bank charter focused on AI-driven payments and stablecoin settlement infrastructure.