No one is 100% happy with the stablecoin yield agreement: State of Crypto
The crypto and banking industries saw Senators Alsobrooks and Tillis’ agreement-in-principle for stablecoin yield.
Policy
Washington sues Kalshi as states ramp up legal pressure against prediction markets
The Washington state attorney general alleged Kalshi offers “gambling products” products dressed up as prediction markets in a lawsuit Friday.
Canada moves to ban crypto donations for election campaigns following UK
Bill C-25 follows years of warnings from Canada’s Chief Electoral Officer about the risk that crypto donations could pose to electoral integrity.
White House crypto czar David Sacks transfers to presidential advisory committee role
White House AI and Crypto Czar David Sacks said Thursday he was joining the President’s Council of Advisors on Science and Technology and leaving the czar role.
Top Democrat on House committee questions Kraken’s Federal Reserve account
Maxine Waters, who would likely take the House Financial Services Committee gavel again if Democrats win the House, sent a letter to the Kansas City Fed.
Market structure bill compromise draws wide-ranging reaction from fractured crypto crowd
The yield agreement, seen as a step toward finally advancing the stalled market structure bill, hasn’t yet fully won industry support.
AI agents to help investigators unearth crypto criminals, according to new TRM program
TRM Labs has added an AI agent to the services the blockchain analytics firm offers law enforcement agencies.
U.S. lawmakers dig into tokenizing securities as Trump ties muddy waters
A U.S. House of Representatives hearing reviewed tokenization, with a broad agreement that securities traded via token need the same treatment as regular trading.
Stablecoin yield in crypto Clarity Act won’t allow rewards on balances, latest text says
The crypto industry got a first look at legislative language that won’t allow rewards on stablecoin balances, and the approach is seen as restrictive.
Sam Bankman-Fried tries to get on Donald Trump’s good side by backing his Iran strikes
The jailed founder of bankrupt crypto exchange FTX is fueling growing speculation that he is seeking a presidential pardon.