Key Takeaways Sources say the merged CLARITY Act adds over 70 pages and could drop the week of July 13. The bill needs 60 Senate votes; two Democrats warn unresolved ethics rules could cost their support. Floor action is targeted for the week of July 20, ahead of the Aug. 7 recess seen as the…
Key Takeaways Wisconsin charged Circle over a warrant to seize 381,000 USDC stolen in a crypto romance scam. Circle holds 119 million frozen tokens, with critics noting it earns interest on backing reserves. Circle reached a federal deal to permanently freeze flagged USDC and issue new tokens to victims. State Prosecutors Clash With Stablecoin Giant…
The Bangko Sentral ng Pilipinas (BSP) said crypto-to-crypto trading for speculative or investment purposes through an exchange “fits naturally” under the perimeter of the Securities and Exchange Commission (SEC), and confirmed it plans to expose amendments to Circular No. 1108, its 2021 rule governing Virtual Asset Service Providers (VASPs), for public comment, according to a…
Key Takeaways SWIFT launched a blockchain ledger for tokenized deposits, enabling 24/7 global interbank transactions. Seventeen banks will pilot the network, easing liquidity limits and improving fund management efficiency. Swift developed the ledger in just nine months, setting the foundation for future programmable money. Swift Moves To The Blockchain Era With New Tokenized Deposit-Based Network…
Key Takeaways The White House says it requested Democratic names for vacant SEC and CFTC seats before Democrats raised concerns. Senate Democrats accused Trump of refusing to nominate Democratic commissioners to agencies designed for bipartisan membership. SEC vacancies carry added weight as Republican commissioners reshape cryptocurrency oversight under Paul Atkins. White House Rejects the Charge…
Key Takeaways U.S. Senator Ron Wyden urged Senate leaders to preserve protections for non-custodial blockchain developers in the CLARITY Act. Crypto policy advocates praised Wyden’s stance as a defense of software publication and open internet principles. Alex Thorn said backing developer protections does not necessarily indicate Wyden will support the broader CLARITY Act. Why Is…
BDO Unibank Inc. (BDO), China Banking Corp. (Chinabank), and East West Banking Corp. (EastWest Bank) announced the elimination of transaction fees for domestic fund transfers through the InstaPay and PESONet networks. The pricing updates follow regulatory adjustments directed by the Bangko Sentral ng Pilipinas (BSP) regarding electronic payment pricing. (Read More: List: PH Banks With…
Key Takeaways Robinhood Chain topped $560M in daily DEX volume as nearly 16,000 new tokens launched. Arbitrum earns 10% of Robinhood Chain fees, linking L2 growth to ecosystem revenue. Pumpfun added Robinhood tokens, expanding Solana trader access without bridging. Arbitrum Stands to Gain as Robinhood Chain Reaches 200,000 Active Addresses Robinhood Chain is seeing a…
Key Takeaways Strategy hiked STRC’s dividend to 12% on June 29 while the stock traded near $87. Strategy authorized a $1 billion buyback with STRC as the initial priority target. Peter Schiff said STRC’s sub-$87 price signals Wall Street doubts Bitcoin’s growth pace. STRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, traded in…
Key Takeaways Sony Bank secured conditional OCC approval for Connectia Trust on July 7, 2026. The new subsidiary carries $40 million in capital and targets 2027 for launch. Bastion Platforms will handle issuance and custody under a December 2025 deal. The company disclosed the approval on July 7, 2026, one day after its board signed…
