Denis Beau breaks with Lagarde over stablecoins

The United States Senate Banking Committee has unveiled the draft text of the CLARITY Act ahead of a scheduled hearing, releasing a 309-page bill that represents the most comprehensive attempt yet to establish a federal regulatory framework for digital assets. The legislation covers significant ground across stablecoins, decentralized finance, and the broader crypto ecosystem — […]

The post Denis Beau warns dollar stablecoins threaten Europe appeared on BitcoinEthereumNews.com. Denis Beau urged immediate private-sector mobilisation to build euro stablecoins, breaking publicly with ECB president Christine Lagarde’s slower approach. Summary Banque de France deputy governor Denis Beau called for all relevant European players, public and private, to mobilise now to develop euro-based tokenised money. Beau’s position conflicts with ECB president Christine Lagarde, who favours a central bank digital euro targeted for launch around 2029. Dollar-pegged stablecoins account for 98% of the total stablecoin market, raising fears of digital dollarisation across European payment infrastructure. Denis Beau, deputy governor of the Banque de France, called on May 12 for a “mobilization of all relevant European players, public and private,” to develop euro-based tokenised money to counter the dominance of dollar-pegged stablecoins. His position puts him at odds with ECB president

Takuya Hirai warns on-chain finance lag threatens Japan’s economic security. LDP discussed stablecoins, tokenized deposits, and RWA tokenization. AI and blockchain unify transactions, settlements, and AI decisions. Japan stands at a key stage which shapes its future in digital financial technology. The former Digital Minister Takuya Hirai warns that the country must avoid technological delays […] The post Japan’s LDP Pushes Next-Gen Finance Amid Stablecoin Pressure appeared first on Live Bitcoin News.

The Senate Banking Committee, chaired by Sen. Tim Scott, set an executive session for May 14, 2026, to review the Clarity Act. Clarity Act defines tokens as securities or commodities to clarify regulators’ jurisdiction for U.S. crypto growth. Sens. Tillis (R) and Alsobrooks (D) brokered a deal banning rewards on idle dollar-backed stablecoins but allowing […] The post CLARITY Act Unveiled Ahead of Key Senate Banking Hearing appeared first on Live Bitcoin News.

Stablecoins are reshaping crypto in 2026. Learn what is driving adoption, key risks to check, and how investors can evaluate them wisely.

The post Ethereum Price Outlook After Bitmine’s Massive 26,659 ETH Purchase appeared on BitcoinEthereumNews.com. Ethereum price remained under pressure as the broader crypto market traded cautiously over the past 24 hours. Bitcoin price hoveres above $81,000, while other major digital assets were in a sideways mode as activity was weak. Investors are also closely monitoring the Senate Banking Committee vote, which could affect the future of crypto regulation and stablecoins. Bitmine Acquires 26,659 ETH As Holdings Reach 5.2 Million Ethereum price has continued to lag the broader cryptocurrency market after dropping by 1.05% to $2,310 in the previous 24 hours. Bitmine Immersion Technologies announced another substantial investment in the Ethereum network that garnered investor interest despite the drop. Last week, the company unveiled that it purchased 26,659 ETH, raising its overall holding to 5,206,790 ETH. This amount equates to almost 4.31% of all Ethereum in circulation, further ce

The American Bankers Association (ABA) is pressing for big changes to the Clarity Act, claiming the crypto market structure bill could put bank deposits at risk of losing ground to stablecoins. Last week, the Senate Banking Committee announced it had scheduled a new markup session to consider the potential legislation. Over the weekend, ABA President […] The post Bank Lobbyists Strike Out Against Clarity Act, Say Bill Would Risk ‘Flight of Bank Deposits’ Into Payment Stablecoins appeared first on The Daily Hodl.

The post Boundary’s USBD aims to turn stablecoins into an on-chain “verifiable” dollar appeared on BitcoinEthereumNews.com. Galaxy Ventures‑backed Boundary Labs is preparing to launch USBD, an over‑collateralized Ethereum stablecoin that swaps monthly attestations for continuous on‑chain verification of reserves and net asset value while pushing yield into a separate sUSBD token aimed at institutional risk‑takers. Summary Boundary raised 2 million dollars from Galaxy Ventures, First Block Capital, BlackWood and crypto funds to build USBD, an institutional‑grade stablecoin that makes reserves and NAV visible on‑chain in real time. USBD will be over‑collateralized on Ethereum and pay no yield; a separate sUSBD token will capture protocol earnings from delta‑neutral DeFi strategies, cleanly separating “cash‑like” settlement from risk‑bearing returns. Boundary Labs, a Galaxy Ventures–backed startup, is preparing to launch USBD, an institutional-grade stablecoin built around continuous on-c