French Hill to Lead Powerful Congressional Panel Next Term: Report
Hill, who chaired the House Financial Services Committee’s digital assets subcommittee, has long been a crypto advocate on the Hill.
Policy
Vancouver City Council Passes Pro-Bitcoin Motion Citing Fiat Challenges
The motion calls for the integration of bitcoin into Vancouver’s financial strategies, including establishing a bitcoin reserve.
El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry
Regulators from both countries are looking to collaborate to foster crypto innovation.
Companies Can Now Offer USDT Services in Abu Dhabi
Tether services can now be offered in the Abu Dhabi Global Market by authorized firms, the company said Tuesday.
Russian Lawmaker Proposes Creating Strategic Bitcoin Reserve: Report
Anton Tkachev proposed “assessing the feasibility of creating a strategic BTC reserve in Russia by analogy with state reserve in traditional currencies.”
Crypto Groups Push Ads, Letters to Oppose Democrat’s SEC Commissioner Nomination
The Cedar Innovation Foundation and other crypto organizations are lobbying against the re-nomination of Commissioner Caroline Crenshaw.
El Salvador to Change Bitcoin Law as Part of New IMF Deal: FT
Salvadoran merchants reportedly will no longer be compelled to accept bitcoin as a means of payment anymore.
FSOC’s Still Worried About Stablecoins
The group’s 2024 report once again highlighted FSOC’s longstanding concerns about stablecoins.
Memecoin Factory Pump.Fun Bans U.K. Crypto Traders
Earlier this week, the U.K.’s main financial regulator warned Pump.fun was operating without permission.
U.S. Regulator Told Banks to Avoid Crypto, Letters Obtained by Coinbase Reveal
Coinbase’s Paul Grewal says this is hard evidence proving the industry hasn’t been spouting conspiracy theories about being shoved out of U.S. banking.