US House’s Stablecoin Regulation Bill Passes Despite Bipartisan Tension

House Committee passes stablecoin framework amid party-line divide, uncertain fate awaits.

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Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status

Federal Reserve Chairman Jerome Powell has discussed the threat of de-dollarization and the risk of the U.S. dollar losing its world’s reserve currency status. He believes that the USD hegemony is a consequence of America’s economic dominance. Fed Chair Powell on Threat of De-Dollarization, USD Losing Reserve Currency Status Federal Reserve Chairman Jerome Powell addressed [...]

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Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’

Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting inflation back down [...]

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House Bill Regulatons: Can Stablecoin Issuers Survive the Proposed Bill?

The House Financial Services Committee unveils stablecoin legislation with bipartisan support, proposing regulations for issuers like Circle and Tether.

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Congress Hearing Bodes Well for Stablecoin Issuers

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Stablecoins Could Bolster U.S. Dollar and Economic Competitiveness: Circle CEO

In a compelling testimony delivered to the House Financial Services Committee, Jeremy Allaire, CEO and Co-Founder of Circle, underlined the significant role stablecoins, such as the U.S. Dollar Coin (USDC), could play in strengthening the global position of the U.S. dollar. (Read More)

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Fear of blockchain will have ‘disastrous consequences’ — Ava Labs CEO testimony

Ava Labs CEO Emin Gün Sirer will be calling on United States officials to “nurture” and “support” responsible blockchain innovation, warning that they face “disastrous consequences” if they don’t. Gün Sirer’s comments in defense of what he describes as a “revolutionary technology” is part of a testimony that he is scheduled to give to the [...]

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French Hill voted in to chair US House Financial Services Committee next year

Hill won after a second round vote, beating three other crypto-friendly Republicans Current Chair Patrick McHenry is retiring in on January 25, 2025 Hill has championed several crypto bills, including legislation to regulate digital assets Crypto-friendly French Hill will take over as Chair of the US House Financial Services Committee in next year’s new Congress. […]

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Rep. Senator Cynthia Lummis selected to chair crypto subcommittee

Republican Wyoming Senator Cynthia Lummis has been picked to chair the crypto subcommittee Lummis, a crypto advocate, filed the Bitcoin Act of 2024 bill last month Other Republican members of the crypto subcommittee include Senators Bernie Moreno from Ohio, Dave McCormick from Pennsylvania, Thom Tillis from North Carolina and Bill Hagerty from Tennessee The US […]

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Uncle Sam’s Stablecoin Rodeo: Roping in the Digital Currency Market

The bipartisan stablecoin bill proposes Federal Reserve regulation and state oversight, shaping the future of digital assets.

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U.S. Closes in on Crypto Consensus Amid Plans for SEC & CFTC Collab

The House Financial Services Committee and the House Committee on Agriculture plan to collaborate on a crypto regulatory framework.

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