White House crypto czar David Sacks claims the GENIUS Act stablecoin legislation could generate trillions in U.S. Treasury demand, despite mounting ethics concerns over President Trump’s family crypto ventures.
21Shares introduces Bitcoin, Solana, and XRP exchange-traded products on Nasdaq Stockholm, offering European investors regulated and transparent cryptocurrency exposure with competitive management fees.
In an unprecedented move, the Office of the Comptroller of the Currency (OCC) has clarified regulations, encouraging national banks to provide cryptocurrency services. This regulatory nod towards crypto ushers in a new era of financial services, enhancing the reliability and scope of cryptocurrency transactions within the traditional banking framework.
Russian authorities are investigating the potential establishment of a regulated cryptocurrency market designed specifically for highly qualified investors, signaling a targeted approach to digital asset management within the country.
The crypto market is pivoting from memecoins to focusing on DeFi, gaming, and NFTs amid a more lenient regulatory climate and impending leadership changes at the SEC.
Budget 2025 aims to tighten tax laws for crypto transactions in India, demanding detailed disclosures from exchanges and enforcing a 30% tax on digital asset income without allowing for loss offsets.
Coinbase has announced the termination of its USDC Rewards program in response to the upcoming MiCA regulations, aligning with its compliance strategy in the EEA. This decision coincides with significant shifts in the stablecoin landscape, including Tether’s termination of EURT and strategic investments into MiCA-compliant solutions.
The New York Department of Financial Services is poised to approve Ripple Labs’ RLUSD stablecoin, enhancing Ripple’s position in the competitive stablecoin market. The RLUSD, an overcollateralized dollar-pegged stablecoin, is expected to be launched following its approval, potentially increasing Ripple’s market influence.
XRP surges to $0.847, marking a 2024 high with a 16% daily gain, making it the top performer among the top 100 cryptocurrencies amid speculation about SEC Chair Gary Gensler’s potential resignation.
Bitcoin soared to a new high of over $75,000, driven by early election results favoring Donald Trump and investor belief that his victory would benefit the cryptocurrency industry. This surge surpasses the previous March record of $73,000, with contributions from aggressive campaign contributions from crypto firms and promises of deregulation from Trump.
