RegulationBitcoin Depot Files Chapter 11: 9,000 ATMs Offline, BTM Stock Down 71%
Bitcoin Depot filed Chapter 11 in Texas, shut down 9,000 ATMs. BTM shares crashed 71%. CEO cited unsustainable regulatory pressure on the crypto ATM model.
Regulation — News - Page 14
Regulation
RegulationCLARITY Act Clears Senate Banking Committee: US Crypto Markets Await Legalization
The US Senate Banking Committee advanced the CLARITY Act on May 14. Two Democrats backed the bill without an ethics deal on Trump's crypto ventures.
RegulationBank of England Softens Stablecoin Regime: Caps Under Review
Bank of England reconsiders stablecoin holding caps and 40% reserve rules after industry pushback. GBP tokens are a tiny share of the $300B market.
RegulationCLARITY Act Senate Markup: Galaxy Digital Names 7 Key Democratic Votes
The US Senate Banking Committee reviews CLARITY Act on May 14. Galaxy Digital identified 7 key Democrats who will determine the bill's fate.
RegulationSenator Warren Demands Transparency From Zuckerberg on Meta Stablecoin Plans
Senator Warren wrote to Zuckerberg demanding transparency on Meta stablecoin plans. April USDC pilot and CLARITY Act markup on May 14 triggered the inquiry.
RegulationKraken Files for OCC National Trust Charter: What It Means for the Market
Payward, Kraken's parent company, has applied for an OCC national trust charter. Here's what it means for institutional crypto custody and the broader market.
RegulationNew York AG Secures $5M From Uphold Over CredEarn Fraud
NY AG Letitia James secured a $5M settlement from Uphold for promoting CredEarn, a crypto savings product with false insurance claims and hidden risks.
RegulationReuters Investigation: Nobitex Founders Tied to Iran Supreme Leader's Family
Reuters: Iran's largest crypto exchange Nobitex was founded by Kharrazi brothers linked to Supreme Leader Khamenei. US seized $500M in Iranian crypto.
RegulationCLARITY Act: US Senators Finalize Stablecoin Yield Rules
Section 404 of the CLARITY Act bans stablecoin yield for mere holding but allows rewards for real platform usage. Senate Banking markup expected May 11.