The U.S. Senate is moving closer to regulating the burgeoning stablecoin market with the "Guaranteeing National Integrity and Undermining Russian (GENIUS) Aggression Act" (GENIUS Act). A new bipartisan competition bill has been introduced, largely at the instigation of Republican Senator Bill Hagerty from Tennessee and Democrat Senator Kirsten Gillibrand from...
The crypto landscape in Europe is set to experience a radical change. This transformation is primarily driven by the adoption of the Markets in Crypto-Assets (MiCA) regulation. Completing the picture This detailed framework is intended to govern crypto-assets, stablecoins, and crypto-asset service providers across the EU. MiCA has generated considerable...
Paolo Ardoino, CTO of Tether, has previously voiced grave concerns over the Markets in Crypto-Assets (MiCA) regulation. He thinks it would have a big impact on the stablecoins, in particular, Tether. Ardoino is adamant that following European law would result in severe and irreparable harm. He even goes so far...
Stablecoins, cryptocurrencies pegged to the U.S. dollar, have emerged as a focal point in Washington's evolving approach to digital assets. These are central bank digital currencies, which feature the speed and accessibility of crypto. They remove the price instability that comes with assets such as Bitcoin, which makes them suited...
The world of cryptocurrency never stops moving, and neither does the regulatory environment around it. As we look toward 2025, the Securities and Exchange Commission (SEC) is going through a historic transition. We may soon witness dramatic new legislation on stablecoins. DeliciousNFT.com is on hand to unscramble these news items....
ING's quiet foray into the stablecoin arena, spurred by the EU's MiCA regulations, might seem like another blip on the radar of global finance. For artists in Southeast Asia, it may be a quiet revolution underway. Why? That’s because it’s about access, stability, and yes, at the end of the...
In this case, the European Central Bank (ECB) is calling for a reconsideration of the new Markets in Crypto-Assets (MiCA) regulation. This regulatory framework directly regulates the use of cryptocurrency in Europe. This request would come just months after the adoption of MiCA. This is largely motivated by fears that...
Congress is laser-focused on stablecoins. Really? Trade wars are escalating and murmuring of recessionary times are getting harder to ignore. In the background, our elected officials are scrambling to catch up to regulate stablecoins. It strikes many of us as the equivalent of polishing the silverware while the house is...
Picture a world where artists are truly free. No longer do they depend on art galleries who charge exorbitant commissions or music labels who stifle their creative flow. Picture an artist in rural Cambodia selling a painting directly to an urban New York City collector. And they can do this...
As Federal Reserve Chair Jerome Powell recently acknowledged, cryptocurrency is entering the mainstream. He thinks this momentum is driven in part by changing U.S. regulatory standards. Taken together, Powell’s comments represent a complete turnaround in the Federal Reserve’s position on cryptocurrencies.Individually, Powell’s remarks help lend additional legitimacy of the sector...
