FDIC moves to regulate stablecoin issuers under the GENIUS Act
FDIC’s proposed rules providing insurance for corporate deposits of stablecoin issuers will not extend to the stablecoin holders, as it would conflict with the GENIUS Act’s text, the FDIC said.
FDIC’s proposed rules providing insurance for corporate deposits of stablecoin issuers will not extend to the stablecoin holders, as it would conflict with the GENIUS Act’s text, the FDIC said.
Original source
Read on CointelegraphRelated market context
Ripple chases AI’s machine economy as XRPL stablecoins near $1 billion
Stablecoin liquidity on the XRP Ledger (XRPL) has nearly doubled over the past month, putting the network within reach of a $1 bil...
Japan’s Lower House Passes Sweeping Bill to Regulate Crypto Like Stocks, Opening a Path to Lower Taxes and ETFs
Japan’s lower house passed a sweeping bill on Thursday to regulate cryptocurrencies like stocks, a structural shift for one of the...
Ripple and Bitso Expand Stablecoin Settlement on XRP Ledger
Ripple and Bitso are expanding stablecoin settlement on the XRP Ledger, bringing MXNB and RLUSD into Ripple’s enterprise payments...
XRP Price Prediction: Japan Regulates Crypto like Stocks, XRP to Benefit First
Japan just rewrote the rules. XRP price is battling below resistance at $1.10, but it’s prediction is getting bullish as Japan’s p...
Brian Armstrong Says Coinbase Processes $1T in Stablecoin Payments Annually
Coinbase CEO Brian Armstrong disclosed three platform-scale figures on Thursday, giving the most detailed public accounting to dat...
Why is Solana falling despite ETF inflows and booming activity?
Solana spot ETF AUM crossed $1 billion by month-end, following $115.3 million in net inflows in May, the best monthly figure of 20...