Author of Crypto Bills Now Being Rehashed Predicts ‘Wicked Hot Summer’ in Congress
Patrick McHenry, the ex-lawmaker who championed last year’s crypto legislation, also said he expects a role to be found for Tether in the U.S. stablecoin field.
Stablecoins
Mastercard Unveils End-to-End Stablecoin Capabilities, Will Launch Card With OKX
Mastercard’s new global system aims to make stablecoin transactions as seamless as traditional payments.
Stripe Tests New Stablecoin Project as $3.7T Market Looms
Stripe CEO Patrick Collison said a stablecoin tool for companies outside US, UK and EU is ready for testing.
U.S. House Stablecoin Bill Goes Live in Flurry of Crypto Activity on Capitol Hill
The House version of stablecoin legislation was released publicly as another bill on crypto clarity was reintroduced and the Senate weighed its crypto IRS effort.
Sen. Gillibrand Warns Against a ‘Watered-Down’ Stablecoin Bill
Gillibrand suggested that the long-awaited stablecoin bill could become law before the August recess.
Fidelity Investments Prepares to Unveil Its Own Stablecoin: FT
A Fidelity stablecoin could fill the role of cash in the blockchain-based version of its U.S. dollar money market fund
Crypto Payments Firm Mesh Raises $82M as Stablecoin Adoption Soars
The fundraising was completed using PayPal’s PYUSD stablecoin and was led by Paradigm.
As House Panel Kicks Tires on Stablecoin Bill, Old-School Finance Giants Reveal Shift
In a U.S. congressional hearing on the new House stablecoin bill, witnesses including BNY Mellon and a Wall Street super-lawyer further show a tradfi arrival.
Bank of America CEO Says Bank Will Likely Launch Its Own Stablecoin
The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.
Tether Reports $13B Profit for 2024, With Rising Bitcoin, Gold Prices Contributing
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of year-end.