PBOC Officially Bans ‘Unapproved’ Yuan-Pegged Stablecoins
The People’s Bank of China (PBOC), the country’s central bank, and seven Chinese regulatory agencies published a joint statement on Friday banning the...
Banks Could Eventually Offer Crypto Products, Says Bessent
US Treasury Secretary Scott Bessent says banks and crypto may begin to offer similar products, and pledged to prevent deposit flight concerns that...
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Bitcoin faces a brutal irony as the Treasury refuses to save BTC from its own political success
Treasury Secretary Scott Bessent told Congress he has no authority to bail out Bitcoin. The exchange came during a Senate Banking Committee hearing,...
Crypto Firms Offer Compromises To Save Stablecoin Yield Bill
Some crypto companies have proposed giving community banks a bigger stablecoin role as Senate negotiations stall over the contentious market structure bill.<!-- we’re...
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White House sets February deadline to settle $6.6 trillion fight between Coinbase and banks
The White House's end-of-February deadline for banks and crypto firms to resolve the “stablecoin yield” debate exposes a structural fault line that was...
