PayPal is launching a U.S. dollar-denominated stablecoin called PayPal USD. PayPal USD is designed to contribute to the opportunity that stablecoins offer for payments. The stablecoin is fully ba...
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U.S. Sens. Elizabeth Warren (D-MA), Bob Casey (D-PA), Richard Blumenthal (D-CT), and Bernie Sanders (I-VT) are encouraging the Department of the Treasury (Treasury) and the Internal Revenue Service (I...
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The Securities and Exchange Commission (SEC) has detailed charges against an individual and three unincorporated entities for allegedly conducting unregistered offerings of crypto asset securities. ...
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The House Financial Services Committee is espousing the benefits of advancing seven pieces of legislation addressing a myriad of issues. The Clarity for Payment Stablecoins Act of 2023 (H.R. 4766) ...
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The House Financial Services Committee passed six bills this week, several of which focus on digital assets. Among them is the Financial Innovation and Technology for the 21st Century Act (H.R. 47...
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A group of House Republicans introduced legislation this week that directs the Commodity Futures Trading Commission (CFRC) and the Securities and Exchange Commission (SEC) to regulate digital assets. ...
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A group of U.S. senators have introduced a bill that would require decentralized finance (DeFi) services to meet the same anti-money laundering (AML) and economic sanctions compliance obligations as o...
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U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) have launched an initiative to address uncertainties surrounding the tax treatment of digital assets. Wyden, chair of the Senate Finance Committee,...
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The Federal Reserve Bank of New York's New York Innovation Center (NYIC) and its partners are exploring the feasibility of an interoperable network for wholesale payments operating on a shared multi-e...
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A new study has found that the value of payment transactions powered by stablecoins will exceed $187 billion globally by 2028. That would be a significant increase from the $53 billion in transacti...
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