On 17 July, the U.S. House of Representatives passed the first federal legislation governing stablecoins, legitimizing their broad use in finance and commerce. The 308-to-122 vote was broadly bipartisan.
Tag: cryptos
CRYPTO INNOVATION IS THE PRIZE
Crypto technology represents real innovation compared to current legacy financial—and other institutions and organizational structures.
SPOTLIGHT: CRYPTO GOES MAINSTREAM
Crypto services company BitGo, stablecoin issuer Circle, and Ripple, a crypto payments business, have applied to be chartered as U.S. banks, the Financial Times reported.
SPECIAL REPORT: CRYPTO IS BECOMING THE NEW NORMAL
Chinese consumers are using mobile payment systems almost exclusively now, French newspaper Le Monde reported, so much so that cash “has dwindled to near extinction,” it said.
TRUMP’S MEDIA COMPANY ANNOUNCES PLAN TO RAISE $2.5B TO BUY CRYPTO
Trump Media & Technology Group announced last week that it struck a deal to raise $2.5 billion in capital to buy cryptocurrencies as U.S. President Donald Trump and his family continue to increase their exposure to bitcoin and other digital currencies.
PARDONED SILK ROAD FOUNDER TELLS CRYPTO COMMUNITY TO UNITE UNDER FREEDOM
Ross Ulbricht wasn’t focused on financials in his address to the Bitcoin 2025 conference this past week.
ONE BIG CLUB: WITKOFF’S LITTLE BOY AIMS TO CLEAN UP IN CRYPTO
Zach Witkoff, the 32-year-old son of U.S. President Donald Trump’s special envoy Steve Witkoff, recently announced the purchase of $2 billion in stablecoins from World Liberty Financial, a company that includes Trump’s older sons in its management structure, by Tahnoon bin Zayed al Nahyan, the billionaire sheik who met five months earlier with his father at a cryptocurrency conference in Abu Dhabi, according to a report.
TECHNOCRACY BRIEFS: MORE ENERGY REALISM, AND THE CRYPTO BULL WASN’T OVER
President Donald Trump continued to reshape American energy policy this past week, with what we have long forecast in these pages adds up to energy realism.
GLOBAL CRYPTO PLATFORMS PLAN OFFICES IN U.S.
Encouraged by Donald Trump’s enthusiasm for digital assets and his administration’s moves to rescind strict oversight measures, cryptocurrency trading platforms are actively looking to open outlets for U.S. customers.
BLOCKCHAIN BATTLES
Democrats who formerly backed a major crypto legislative bill that included positive regulations to further dollar backed stablecoins are now stalling the measure in Congress.