RegulationPARITY Act: Tax Relief for Stablecoins, Not Bitcoin
US lawmakers published the PARITY Act discussion draft. Stablecoin transactions under $200 are tax-exempt, but Bitcoin receives no de minimis relief.
Stablecoin Regulation — News - Page 18
Regulation
RegulationDavid Sacks Steps Down as White House Crypto Czar
David Sacks left the White House crypto czar role after 130 days. GENIUS Act passed, but CLARITY Act and Bitcoin Reserve still need work.
InstitutionalFannie Mae Accepts Crypto-Backed Mortgages for the First Time
Fannie Mae partners with Coinbase and Better Home to launch the first mortgage program backed by Bitcoin and USDC collateral - with no margin calls.
InstitutionalVisa Becomes Super Validator on Canton Network
Visa joined Canton Network as a Super Validator. Visa's stablecoin settlements reached $4.6B annually across 130+ programs in 50+ countries.
UkraineHryvnia Stabilizes - NBU Spent Record $1.34 Billion
NBU increased FX interventions by 29.6% in one week to $1.344 billion. The dollar stabilized at 43.87 UAH. Analysts forecast 44.3-44.8 UAH in April.
StablecoinsCircle Lost $4.6B on CLARITY Act
Circle stock plunged 20% after CLARITY Act draft banned stablecoin yield. Cathie Wood bought $16M worth of shares on the dip.
StablecoinsTether Signs Big Four Firm for First Full $184B Audit
Tether engaged a Big Four accounting firm for the first full independent audit of $184 billion USDT reserves. The largest inaugural audit in financial history.
StablecoinsSouth Korea Stablecoin Balances Plunge 55%
Stablecoin balances on Korean exchanges fell from $575M to $188M. Traders convert USDT to won to buy Samsung and SK Hynix stocks.
RegulationCFTC clears Bitcoin and Ethereum as derivatives collateral
CFTC published rules for FCMs and clearinghouses to accept BTC, ETH and stablecoins as margin collateral in futures and cleared swaps.