Crypto Czar David Sacks Says the ‘GENIUS Act’ Stablecoin Bill Enhances Consumer Protection and Extends U.S. Dollar Dominance
In a landmark move for the digital asset industry, the U.S. Senate has passed the GENIUS Act, a groundbreaking bill that lays the foundation for federal regulation of stablecoins. David Sacks, a prominent tech investor, and the White House’s newly appointed crypto and AI czar, hailed the bill as a major step forward for both […]
New York Regulator Poised To Approve Ripple Labs’ RLUSD Stablecoin: Report
According to CoinGecko data, the entire stablecoin market capitalization as of November 29 was over $196 billion. The New York Department of Financial Services (NYDFS) is anticipated to approve Ripple Labs’ RLUSD stablecoin, an overcollateralized dollar-pegged asset, within the coming days, according to sources cited by Fox Business. A Nov. 29 report by Fox Business […]
Tether Halts EURT Stablecoin, Here’s Why
Tether discontinues EURT and urges redemption by November 27, 2025, instead focusing on MiCA-compliant EURQ and USDQ stablecoins with Hadron platform. Tether, the leading stablecoin provider, has announced it will discontinue support for its euro-backed stablecoin EURT, with redemption available until November 27, 2025. The company revealed that it stopped minting EURT in 2022, emphasizing that […]
Swan Bitcoin Files Lawsuit Against Its Lawyers
Swan Bitcoin has sued former employees. It alleges that it received assistance from Tether and is now accusing its law firm of misconduct for accepting the stablecoin issuer as a client. Swan Bitcoin , a financial services company, has filed a lawsuit against Gibson, Dunn & Crutcher, a law firm that it continues to retain, […]
Singapore Gulf Bank Eyes $50M for Stablecoin Firm Acquisition
Singapore Gulf Bank seeks to sell an equity share to fund product expansion and a 2025 stablecoin payments acquisition. Singapore Gulf Bank, a crypto-friendly digital bank, is reportedly seeking a minimum of $50 million in funding as it plans to acquire a stablecoin payments company by 2025. On November 25, Bloomberg reported that Singapore Gulf […]