FSOC’s Still Worried About Stablecoins
The group’s 2024 report once again highlighted FSOC’s longstanding concerns about stablecoins.
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The group’s 2024 report once again highlighted FSOC’s longstanding concerns about stablecoins.
2024 has been a year of significant progress for the crypto industry, as bitcoin adoption has reached new heights and regulatory clarity has emerged. In this wrap-up, we will take a closer look at the key events and trends that have shaped the crypto space.
Plus: What Zuck can teach DAOs about governance.
Donald Trump and the Republican Party at large had a strong 2024 election, winning the presidency, Senate and House. This almost certainly guarantees crypto legislation will advance and become law sometime in the next two years. It also heralds a potentially softer approach from regulators toward the sector.
A week after the election, crypto sentiment remains strong. Polymarket, bitcoin and a possibly more efficient and crypto-positive government are all tailwinds to look forward to.
In founding editor Bradley Keoun’s last issue of The Protocol, CoinDesk’s weekly newsletter devoted to blockchain technology, we’re covering Trump’s DOGE whistle and the slew of announcements from the big Ethereum conference Devcon in Bangkok.
It is Election Day in the U.S. At some point in the coming hours, days and weeks, we’ll know which major party wins control of the House of Representatives, the Senate and the White House. Presidential candidates Kamala Harris and Donald Trump might get most of the headlines, but which political party controls Congress probably means a lot in terms of how cryptocurrencies will be treated in the nation, especially in the short term.
In this week’s issue of The Protocol, our newsletter on blockchain tech, we’re covering the Optimism’s $42.5M token pledge to Kraken, crypto VC funding, grants for Bitcoin open-source developers, and Polymarket’s (negligible) impact on Polygon’s bottom line.
Congressman Andy Barr (R-Ky.) is one of the lawmakers running to succeed U.S. House Financial Services Committee Chair Patrick McHenry (R-N.C.) as the head of the Republican wing of the committee, which oversees regulators like the Securities and Exchange Commission and is responsible for shepherding legislation that might affect the U.S. capital markets and banking sectors, among others. He shared some of his thoughts on what his crypto priorities might be during an aside at the Flyover Fintech conference on Monday.