Federal Reserve requests comments on stablecoin issuer proposal

The proposed rulemaking establishes how U.S. crypto companies will have to screen stablecoin customers after the passage of the GENIUS Act.

Warsh's overhaul signals a shift towards unpredictability in Fed policy, potentially increasing market volatility and investor uncertainty. The post Federal Reserve chairman Kevin Warsh overhauls communication practices and launches task forces at first meeting appeared first on Crypto Briefing.

The Federal Reserve held rates steady, but a hawkish dot plot has put Bitcoin liquidity conditions back at the center of the market debate.

A bipartisan housing bill negotiation has brought a proposed federal retail CBDC ban back into focus, raising fresh questions about stablecoins and the digital dollar.

The new regulations could consolidate the stablecoin market, favoring large issuers with existing compliance infrastructure over smaller startups. The post Federal Reserve proposes customer identification program for payment stablecoin issuers appeared first on Crypto Briefing.

Warsh's hawkish stance signals potential rate hikes, impacting inflation expectations and causing volatility in crypto and broader financial markets. The post Federal Reserve holds rates steady as Kevin Warsh signals hawkish shift in first meeting as chair appeared first on Crypto Briefing.

The IMF reports that Nigeria captured 60% of all stablecoin traffic in sub-Saharan Africa as users seek alternatives to traditional banking. IMF: Stablecoins Transform From Niche Market to Major Payment Route Nigerians are increasingly turning to U.S. dollar-pegged stablecoins to move money across borders as small businesses and households search for cheaper and faster alternatives […]

Solana has fallen more than 6% from its June 15 high after a rejection at a major resistance zone, combined with a hawkish Federal Reserve outlook, pushed traders into risk-off positioning. According to data from crypto.news, Solana (SOL) dropped from…