Tag: stablecoin

South Korea's Digital Asset Act Paves the Way for National Stablecoin

South Korea's Digital Asset Act Paves the Way for National Stablecoin

• Regulation

South Korea is taking a dramatic leap forward in the digital finance space. They’ve introduced the Digital Asset Basic Act, allowing domestic firms to issue stablecoins. This bill, championed by the Democratic Party and under the leadership of President Lee Jae-myung, aims to create a clear and regulated framework for...

Meta's Stablecoin Gamble: Will Regulators Let Instagram Bank the Unbanked?

Meta's Stablecoin Gamble: Will Regulators Let Instagram Bank the Unbanked?

• Commentary

Meta's back in the stablecoin game? Seriously? After the Diem debacle, you would think they learned their lesson. Yet here they are, ready to brush off their blockchain dreams, looking to Instagram as their own crypto bank. The question can’t be just “Can they do it?” It's "Should they be...

Senate Gridlock Stalls Stablecoin Legislation Amidst Partisan Divide

Senate Gridlock Stalls Stablecoin Legislation Amidst Partisan Divide

• Regulation

As it was, the Senate failed to pass the “GENIUS Act” even at this late hour. This bill would have established a regulatory framework for stablecoins but met fierce resistance from Democrats. Stablecoins are a type of cryptocurrency that are pegged to other assets like the U.S. dollar. As legislators...

Stablecoin Delay: Is US Regulatory Gridlock Ceding Financial Power to China?

Stablecoin Delay: Is US Regulatory Gridlock Ceding Financial Power to China?

• Commentary

The US Senate has recently kicked the can down the road on stablecoin regulation. Again. While politicians bicker over the minutiae, a chilling question hangs in the air: Are we handing China the keys to the future of finance?So Ripple CEO Brad Garlinghouse is right to sound the alarm. He...

US Stablecoin Lag: Ripple CEO's Urgent Call to Action

US Stablecoin Lag: Ripple CEO's Urgent Call to Action

• Facts

The United States now risks being left behind in the global race to regulate stablecoins. The lack of action may bring about dire economic and geopolitical effects. Meanwhile, other countries and regions—including the European Union—are leading the way, adopting robust frameworks. At the same time, lack of regulatory clarity in...

US Risks Financial Lead as Stablecoin Regulation Stalls

US Risks Financial Lead as Stablecoin Regulation Stalls

• Regulation

To date, stablecoin regulation in the United States has faced crushing roadblocks. This places in jeopardy the country’s long-term role at the center of the global financial landscape. Ripple CEO Brad Garlinghouse is urging US legislators to accelerate the development of a framework for stablecoins that defines the use and...

5 Ways US Stablecoin Stagnation Hurts Southeast Asia's Crypto Artists

5 Ways US Stablecoin Stagnation Hurts Southeast Asia's Crypto Artists

• Commentary

You see, stablecoins, as you might imagine, a lot of times we hear about these in the lens of Wall Street and the institutional investor. Take a moment to think about the real human beings who fall victim to U.S. regulation. As a result, their lives continue to be deeply...

Stablecoin Showdown: Senate's GENIUS Act Could Reshape Crypto!

Stablecoin Showdown: Senate's GENIUS Act Could Reshape Crypto!

• Facts

The stablecoin landscape is preparing for an impending tectonic shift. The GENIUS Act, championed by Sen. This bill represents a genuine attempt to establish a comprehensive, thoughtful regulatory framework for digital assets. This legislation could dramatically reshape the stablecoin market and the broader crypto industry, ushering in a new era...

5 Ways the Stablecoin Bill Empowers Southeast Asian Crypto Artists

5 Ways the Stablecoin Bill Empowers Southeast Asian Crypto Artists

• Commentary

Let's talk about something you might not think directly impacts artists in Southeast Asia: a U.S. stablecoin bill. Yes, you read that right. The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is now advancing in the U.S. Senate. This legislation would be a monumental step towards...

The Stablecoin Bill's Secret Loophole Big Banks Don't Want You to Know

The Stablecoin Bill's Secret Loophole Big Banks Don't Want You to Know

• Commentary

The GENIUS Act. Sounds impressive, right? Guiding an Establishing National Innovation for U.S. It’s got all the buzzwords: Innovation, national, stablecoin. But beneath that shiny new initiative facade and bipartisan glow, lies something much less… genius. Don’t let big banks further entrench their stranglehold on the future of finance. This...

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

Japan's Bitcoin Revolution: A Boon for Artists and Web3 Creators?

Is Japan on the verge of accidentally unleashing a tsunami of creative destruction and financial liberation onto the rest of the emerging markets? I know this seems like a tall order, but hear me out. Japan’s regulatory change to officially recognize Bitcoin as a financial product. This step is a...

5 Ways This Crypto Bill Empowers Southeast Asian Artists, Not Wall Street

Let’s be honest, when you hear about crypto regulation, your first thought probably isn't Southeast Asian artists finding new avenues for creative expression. Surely visions of Wall Street honchos and inscrutable derivatives dance in your head. Well, what if I told you that the Senate’s Banking Committee just released their...

Senate Republicans Forge Ahead on Crypto Market Structure Framework

Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...

Crypto's 'Light-Touch' Regulation Gamble Will It Protect You?

The Senate Committee’s proposed “light-touch” regulatory framework for crypto is a long high-stakes poker game. Are we all truly holding a winning hand, or are we collectively bluffing our way into a future financial crisis? It’s a question every investor, every innovator, and frankly, every citizen should want to know....

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Trump Jr. at KBW2025: Web3's Punk Rock Moment or Sellout?

Or I think about Nandar, a wonderful Burmese artist that I met in Yangon, sharing with me her latest NFT collection. Each work exploded with vivid imagery, bravely fighting back against the junta’s repressive hold. She began selling them directly to supporters around the world, allowing her to cleverly sidestep...

KBW2025: Is Trump Jr. Web3's Trojan Horse or its Savior?

Donald Trump Jr. at Korea Blockchain Week? It's a head-scratcher, isn't it? About as easy as locating a MAGA hat at a Burning Man soirée. Before we put this down as just another short-lived publicity stunt, let’s take a closer look at what this could IoTally Web3 means. Cynical ploy...