Stablecoins won’t get any kind of deposit insurance under GENIUS rules, says FDIC chief
The chairman of the U.S. Federal Deposit Insurance Corp. made clear that even pass-through deposit insurance won’t be allowed from third-party firms.
crypto legislation
U.S. Justice Department Official Says Writing Code Without Bad Intent ‘Not a Crime’
Despite this month’s trial conviction of Tornado Cash developer Roman Storm, the DOJ signaled to a crypto crowd in Wyoming that it’s not chasing developers.
U.S. Federal Reserve’s New Supervision Chief Sold on Bringing Crypto to Finance
The Fed vice chair who leads banking oversight, Michelle Bowman, comes across as a crypto evangelist as she echoes industry views on its regulatory needs.
U.S. Treasury Department Starts Work on GENIUS, Gathering Views on Illicit Activity
The new stablecoin law called for the Treasury engagement on detecting illicit crypto activity, so the department is opening a comment period.
Trump’s Crypto Ties Still Toxic With Some Dems, Including One Seen as Industry Ally
As the Senate shifts from stablecoins to market structure, Trump’s digital assets businesses remain in the spotlight, drawing a new bill from Senator Schiff.
House Ag Committee Advances Market Structure Bill, Other Crypto Actions Pending
The market structure bill got an overhaul in two House committees at the same time while the Senate’s stablecoin bill is steaming toward a finish.
House Dems Get Bonus Hearing on Crypto Market Structure, Assail Trump Conflicts
Maxine Waters, the top Democrat on the House Financial Services Committee, pressured an additional hearing on the crypto market structure bill.
Trump’s Crypto Ties at Forefront as U.S. Lawmakers Weigh Crypto Market Structure Bill
Two House of Representatives hearings dug into the details of the current legislation to regulate U.S. crypto markets, but Trump loomed over the discussions.
U.S. Stablecoin Bill Could Clear Senate Next Week, Proponents Say
Senator Bill Hagerty, who backed the Senate’s version of the legislation, predicted the body will “make history” next week by passing the bill.
Senate’s New Stablecoin Draft Doesn’t Target Trump’s Crypto, Tweaks Big-Tech Approach
A legislative draft obtained by CoinDesk shows a marginally revised version despite Democrats citing “major victories” in the Senate negotiation.