SEC, Justin Sun reach settlement over Tron lawsuit
Rainberry, a company affiliated with the Tron network, will pay a $10 million fine. Charges against Sun will be dismissed.
Policy
Eric Trump, World Liberty co-founder, calls banks ‘anti-American’ over stablecoin fight
The World Liberty Financial co-founder and presidential son posted about the ongoing negotiations on stablecoin yield on Wednesday.
Trump urges passage of U.S. Clarity Act, attacks banks for ‘undercutting’ GENIUS
U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.
International finance watchdog warns stablecoins are increasingly used in sanctions evasion and money laundering
In its latest report, the global standard setter FATF said stablecoins now account for the bulk of illicit crypto activity and pose growing risks through peer-to-peer transfers.
U.S. Senate housing bill includes CBDC ban
The Senate Banking Committee’s bipartisan “ROAD to Housing Act” includes a provision banning the Fed from issuing a CBDC before 2031.
Australia could unlock A$24 billion in digital finance gains, is on track for just A$1 billion
An OKX-backed report estimates tokenization and digital finance could generate A$24 billion annually, with productivity gains hinging on reforms to licensing, sandboxes and financial market rules.
Stripe’s Tempo Blockchain Is a ‘Referendum on the Ghost of Libra,’ Says Libra Co-Creator
Christian Catalini warns that corporate-led blockchains like Stripe’s Tempo and Circle’s Arc risk repeating the compromises that doomed Libra’s open vision.
Chainlink CEO Sees Tokenization as Sector’s Rising Future After Meeting SEC’s Atkins
Sergey Nazarov met with SEC Chairman Paul Atkins and told CoinDesk he’s impressed by how serious Atkins is about moving quickly on tokenization.
Philippine Congressman Proposes Bitcoin Reserve to Attack National Debt
Modeled after oil, maple syrup, and grain reserves, the proposed Strategic Bitcoin Reserve positions BTC as a sovereign asset alongside traditional stockpiles.
State of Crypto: Crypto Takes Jackson Hole
The annual SALT Wyoming conference took place this week. Government officials said a lot the industry will like.