RegulationUS Senate Delays Clarity Act Vote to September
The US Senate postponed its first Clarity Act vote to September. XRP dropped 5.5% this week amid a fight over an ethics provision targeting Trump.
Stablecoin Regulation
Regulation
InstitutionalBlackRock Launches Tokenized Funds for Stablecoin Reserves
BlackRock unveiled BSTBL and BRSRV funds for stablecoin reserves under the GENIUS Act. The firm already manages $60B in Circle reserves.
RegulationBernstein Warns of Crypto Selloff Risk Over CLARITY Act
Bernstein warns a stalled CLARITY Act could hit Bitcoin. Odds of passage have dropped to 31% on Polymarket amid Senate delays.
StablecoinsBank of Italy: Stablecoins Don't Always Beat Remittance Costs
A Bank of Italy study found USDC isn't always cheaper than traditional remittances. Transfer cost depends on fiat conversion, not blockchain fees.
RegulationUS Sanctions Iran's Hormuz Safe Bitcoin Insurance Scheme
The US Treasury sanctioned Hormuz Safe, an Iranian marine insurance scheme for the Strait of Hormuz that accepted bitcoin payments funneled to the IRGC.
RegulationGoldman Sachs Backs CLARITY Act Against Wall Street
Goldman Sachs CEO David Solomon backed the CLARITY Act against JPMorgan and the banking lobby ahead of a Senate vote.
StablecoinsSamsung Wallet to Add Stablecoin Support
Samsung showed a Samsung Wallet mockup holding USDC at Galaxy Unpacked and announced stablecoin support, without naming a launch date or partner.
StablecoinsUS Agencies Miss GENIUS Act Deadline for Stablecoin Rules
Treasury, OCC, FDIC and the Fed missed the GENIUS Act's one-year deadline, issuing only 10 proposed rules. Here's what it means for Tether and USDC.
StablecoinsECB Warns Stablecoins Threaten European Bank Deposits
ECB's Cipollone warns stablecoins worth $300B threaten European bank deposits. The ECB's answer: a digital euro that pays no interest.