Stablecoins News

According to BlackRock, compute is becoming a distinct and investable economic resource as AI agents multiply.

Coinbase's CEO said that SEC and CFTC standards may be more lenient than the bill.

Circle CEO Jeremy Allaire called Arc "one of the biggest launches" in the company's history.

At the CEA's baseline, banning stablecoin yield lifts bank lending by $2.1 billion, or 0.02% of total loans.

Senate Democrats are preparing a counterproposal as the CLARITY Act heads toward a key vote today at around 2:15 PM ET.

The revised CLARITY Act draft adds major ethics concessions and 126 changes sought by Democrats ahead of Tuesday's Senate vote.

Chuck Schumer, the Senate minority leader, has also called a caucus meeting for Democrats on Sunday night to discuss the bill, as per Politico.

Circle Internet Group (CRCL) enters a week where two Washington events take place a day apart, both influencing the reserve income that makes up nearly all of its revenue.

U.S. Bankcorp piloted its stablecoin for cross-border payments as Marqeta and BVNK moved to put digital dollars on payment cards.

The CLARITY Act faces growing uncertainty as ethics negotiations remain unresolved despite some opposition to the bill softening.

Circle said the deal builds on an existing relationship with Tazapay and could help expand USDC adoption across global payment rails.

The NSA is no longer formally opposing the CLARITY Act, as Congress and the administration continues working through the bill’s legal, regulatory, and enforcement issues.

ARK added to both Robinhood and Solana-linked investments after a strong session for crypto-related stocks and blockchain activity.

Digital assets are moving deeper into the G20 policy agenda as members balance innovation with regulation and financial stability.

Tether CEO called the firm a "stable company," built on tangible assets rather than any single currency or system.

Paolo Ardoino questioned why depositors would prefer fractional-reserve products to fully-reserved stablecoins and warned of repercussions if they moved their savings.

Garlinghouse also suggested that corporate treasurers may not give AI agents free access to major firm accounts without sufficient safeguards and accountability.

The network would support tokenized deposits, stablecoins, smart payment tools, and automated settlement, the association said.

Bessent has referenced estimates that stablecoin market capitalization could reach almost $4 trillion, although the market currently stands at $300 billion.

The proposal would include a one-time “startup exemption” for offerings up to $5 million over four years and a “fundraising exemption” for up to $75 million per 12-month period.

Treasury Secretary Scott Bessent said on X that the rulemaking was aimed at ensuring that the U.S. remains “the crypto capital of the world."

CEO Jeremy Allaire said Circle is building infrastructure for the 'internet financial system,' not just a stablecoin business.

Hagerty said midterm elections would slow the bill's passage, a concern shared by House Majority Whip Tom Emmer, who said Democrats were looking to shut down the government.

Timing is becoming an issue, with the bill still not on the Senate floor schedule, and any delay could push meaningful action into the August recess.

The launch comes after BlackRock's BUIDL fund, which has grown to about $2.5 billion in assets since its launch in 2024.

Giancarlo warned that the GENIUS Act and the CLARITY Act keep financial surveillance alive by expanding Bank Secrecy Act obligations to new financial systems based on blockchain.

The debate over developer liability heated up after former White House cybersecurity official Carole House said software developers should be held more legally responsible for how their code is used.

Senator Lummis said lawmakers added more than 100 Democratic-backed changes over 11 months of negotiations, swelling the proposal from 168 pages to 616 pages.

The debate takes place ahead of a key Senate vote on the CLARITY Act, with disagreements still outstanding on stablecoins, illicit finance rules and ethics provisions.

DCG President said the firm's main priorities include preserving digital-asset jobs in the U.S., protecting consumers and developers, and replacing "regulation-by-enforcement" with clear regulations.

Pompliano said the biggest fight over the bill is about who gets to offer yield, with banks trying to keep crypto firms out of the market.

The Senate is moving quickly towards a procedural vote on the legislation, with hopes for a final passage by the end of the week.

Circle announced it has acquired more than 680 blockchain patent families and nearly 1,000 issued patents from IBM's blockchain portfolio.

The CLARITY Act placed crypto exchanges, DeFi platforms, and crypto ATMs under existing AML and sanctions regulations, according to Senator Cynthia Lummis.

The bill’s biggest obstacle, ethics rules involving President Trump’s crypto holdings, was recently cleared with a White House-backed compromise.

COIN shares fell more than 5% on Wednesday, after the stock surged more than 11% a day before on fresh optimism about the bill’s progress.

A Wall Street veteran thinks stablecoins, tokenized assets, and cryptographic identity systems will become more important as AI agents.

Senator Bernie Moreno reportedly stated that the Department of Justice, not state attorneys general, would be responsible for enforcing the ethics provisions.

Capitol Hill observers believe the legislation must advance next week or its chances of passing this year could effectively disappear.

HYPE futures open interest has climbed to nearly match Ripple’s XRP, with a monthly perpetual volume of $266 billion in June, up over 34% from the month before.

Visa said its new stablecoin platform will allow banks, fintechs, and crypto firms to issue, store, transfer, and redeem stablecoins through a managed infrastructure.

Warsh said the Fed's intention was to fulfill Saturday's statutory deadline for GENIUS Act stablecoin regulation, but he did not make a direct promise.

Galaxy said it would publish daily benchmark borrowing rates for USDC, USDT, and Ethereum, offering a new reference point for on-chain credit costs.

Tarbert also highlighted Circle's newly approved national trust charter, which allows the firm to manage USDC reserves under federal oversight.

Key hurdles remain, including disagreements over developer protections and ethics provisions related to officials' crypto holdings.

According to Glassnode’s Weekly Pulse report, Bitcoin’s rally was driven by thin liquidity rather than strong buying conviction.

Faryar Shirzad argued that regulatory uncertainty creates opportunities for bad actors, while the bill would bring crypto platforms under stricter federal oversight.

Senator Lummis reiterated that failing to pass crypto legislation now could delay meaningful reform until after 2030.

A Wall Street veteran argued investors can no longer dismiss crypto as purely speculative, citing the rise of tokenization, stablecoins and agentic commerce.

Mizuho called the initial 13% pop in CRCL stock "likely overly optimistic," citing that it doesn't resolve the fundamental issues weighing on the company's growth outlook.