Everything web3, crypto, defi, degen
In brief The GENIUS Act, now signed into law, gives stablecoin issuers like Ripple a clear regulatory path but is expected to have limited direct impact on XRP’s price. Ripple’s new stablecoin, RLUSD, positions the company to compete domestically with USDC and PayPal USD as a native U.S. liquidity provider. Legal ambiguity around XRP’s classification…
In brief Three states have passed laws enabling Bitcoin reserves to date. Several efforts in other states have failed over concerns about volatility and public fund safety. Proposals are still pending in 17 more states as crypto advocates push for wider adoption. As random companies snap up Bitcoin and Donald Trump hails the creation of…
In brief Tether CEO Paolo Ardoino said his company fully intends to register its flagship USDT stablecoin via the newly-signed GENIUS Act. The company will also likely offer another, U.S.-specific stablecoin in the American market. Circle CEO Jeremy Allaire said he believes his company is nonetheless poised to particularly benefit from the passage of the…
In brief President Trump signed the GENIUS Act into law Friday afternoon, in a White House ceremony attended by numerous crypto industry leaders. The bill establishes a framework for issuing and trading stablecoins in the United States. Banks, traditional finance players, and retail giants that have expressed interest in stablecoins now have the green light…
In brief Charles Schwab is interested in introducing a stablecoin, its CEO told investors this week. The potential stablecoin initiative comes as Schwab prepares to offer spot Bitcoin and Ethereum ETFs to its clients. Schwab is one of several large financial services firms exploring issuing its own stablecoin. Charles Schwab would like to issue its…
In brief Solana will outperform Ethereum this year, despite recent shifts in momentum, according to 21Shares’ Adrian Fritz. Ethereum’s ecosystem may be more mature, but Solana showed promise with a burst of activity related to meme coins in January, he said. Ethereum will crack its 2021 record price, but Solana will still outperform, he said.…
In brief Barstool Sports founder Dave Portnoy said he sold his XRP bag two weeks before its record-setting price surge. XRP broke its 2018 record price mark on Thursday, setting a new all-time high of $3.65. Portnoy claims he would have made “millions” if he hadn’t sold at a price of $2.40. Barstool Sports founder…
President Donald Trump is reportedly intensifying his pro-crypto agenda with plans to expand access to trillions from retirement funds and ease taxation for everyday crypto use.According to a June 17 report by the Financial Times, sources familiar with the matter say the President could soon issue an executive order allowing 401(k) retirement plans to invest…
In brief XRP and Dogecoin are leading altcoin rallies, with XRP up over 43% in a week, fueled by speculative capital. The U.S. House of Representatives passed three key crypto bills, advancing the Trump administration’s pro-crypto policy agenda. Analyst notes macroeconomic factors, including government spending and inflation fears, prompting investors towards crypto. Crypto prices have…
In brief The House passed the stablecoin-focused GENIUS Act with overwhelming bipartisan support, sending the bill to President Trump’s desk for signature. The CLARITY Act, a crypto market structure bill, also performed much better than expected, passing the House handily with 78 Democratic votes. Industry leaders hailed the successful culmination of “Crypto Week,” which only…
