Stablecoins News

Despite his skepticism, Thorn said Galaxy joined the Open USD (OUSD) coalition because past consortium failures do not necessarily mean the new initiative cannot succeed.

The Blockchain Regulatory Certainty Act would clarify that developers and infrastructure providers who cannot control user funds are not money transmitters under federal law.

Analysts are divided on the impact of Open USD, a new competitor stablecoin introduced by Stripe and others, which has caused investor concern.

OUSD launch comes as US lawmakers advance the CLARITY Act, with supporters arguing that clearer crypto rules will spur institutional adoption.

ARK funded part of the shift by trimming exposure to Chinese technology by selling positions in Alibaba and Baidu.

JPMorgan is urging lawmakers not to sacrifice financial safeguards in the race to regulate crypto.

Cathie Wood backed Section 604 of the CLARITY Act on Saturday, calling the developer-protection provision "thoughtful and nuanced."

Securitize will begin trading on the NYSE under ticker SECZ on July 2, following its merger with Cantor Equity Partners II.

wo major police groups, GLFOP and NAPO, did not sign the law enforcement letter, highlighting divisions over the provision.

White House crypto adviser Patrick Witt is negotiating with Senate Democrats on ethics language that could restrict Trump-family crypto ventures, according to Politico.

Private stablecoins are preferred over CBDCs, which Warsh called "a bad policy choice" and the Senate outlawed until 2030, leaving GENIUS Act-governed tokens, a $311 billion market, as the preferred digital-dollar path.

Treasury Secretary Scott Bessent and Federal Reserve Chair Kevin Warsh have recently voiced opposition to a US CBDC, helping build bipartisan momentum behind the proposal.

Caroline Pham urged the industry to stop framing blockchain as "disruption" and instead present it as a modernization of financial infrastructure.

Peirce warned that passage of the CLARITY Act could significantly expand the SEC's rulemaking responsibilities before her planned departure later this year.

Missing the legislative window might change jurisdiction over crypto legislation if Republicans lose control after the November midterms, Johnson said.

Deutsche Bank highlighted Coinbase's push into tokenized stocks, prediction markets, stablecoin payments, and Base blockchain integration.

The crypto infrastructure firm plans to fund the buyback using existing cash while continuing to invest in growth initiatives.

Republicans are emphasizing fraud prevention and regulatory clarity as Democrats focus on conflict-of-interest concerns.

As debate around the CLARITY Act continues, Galaxy Digital’s Mike Novogratz said after meeting with 14 senators that the bill is down to three solvable issues, including ethics.

Developer protections and ethics remain among the last hurdles before a Senate floor vote for the CLARITY Act, according to journalist Eleanor Terrett.

Armstrong said he last spoke with Trump three to four months ago and called crypto "the most bipartisan issue" in Washington.

The Wyoming senator said lawmakers are combining the CLARITY Act's SEC structure with the Senate Agriculture Committee's CFTC provisions.

The revenue-sharing agreement between Coinbase and Circle has been in place since 2023 and is up for renewal in August.

According to Coin Center, Biden estimated $25.8B in revenue over the next decade from the implementation of these rules, but Coin Center warned the fiscal case shouldn't trump unworkability.

Despite two significant announcements, Coinbase’s price fell more than 4% as broader crypto-related stocks weakened on Tuesday.

Senator Scott's vision of making the US the "crypto capital of the world" echoes President Trump's long-standing push to attract crypto innovation.

US prosecutors alleged a Switzerland-based Google employee wagered $2.75 million through a Polymarket account named “AlphaRaccoon” between October and December last year.

Coinbase CEO Armstrong responded to Dimon's attack by framing it as “heated rivalry,” as JPMorgan quietly builds its own blockchain tools.

Crypto Council for Innovation CEO Ji Kim said the launch demonstrates the impact of the GENIUS Act regulatory framework.

Hayes holds until AI capex credit runs dry or AOC's 2028 traction pushes investors to take chips off the table.

JPMorgan’s Kinexys and BNY Mellon’s tokenized deposit systems reflect a growing push by banks to keep institutional money on-chain.

An AI agent produced a SpaceX IPO memo with valuation and debt analysis, versus Bloomberg terminals, which cost $24,000 annually.

CEO Paolo Ardoino said SoftBank, which helped build XXI as an early-stage company, has provided “credibility, perspective, and discipline.”

Ripple, Kraken, and Custodia could expect a friendlier Fed after former Electric Capital adviser Kevin Warsh is set to be sworn in as chair this week.

Bernstein’s $190 target implies roughly 67% upside from Circle’s Friday closing price of $114 as stablecoin adoption continues to grow.

Traders on Polymarket have increased the odds of the CLARITY Act becoming law in 2026 to 68%, as Alex Thorn called the markup “fireworks”.

Galaxy Digital CEO expects Bitcoin to reach $100,000 by the end of this year, while remaining bearish on whether gold could outperform Bitcoin.

President Donald Trump’s family trust disclosed nearly 50 trades across crypto-linked companies during the first quarter of 2026.

Coinbase shares climbed nearly 10% to a three-month high after the Senate Banking Committee advanced the CLARITY Act and Bitcoin’s price crossed $82,000.

Patrick Witt also called out Democratic opposition and referenced Senator Elizabeth Warren in comments ahead of the markup.

American Bankers Association members have sent more than 8,000 letters calling for a tighter standard since Friday.

The Senate Banking Committee is expected to hold its CLARITY Act markup hearing on Thursday.

The bill stems from a Tillis-Alsobrooks compromise barring stablecoin issuers and affiliated crypto firms from paying interest.

Shares of Circle and Coinbase declined Tuesday morning despite receiving multiple Wall Street price target increases tied to stablecoin growth expectations.

Lawmakers have until the end of Tuesday evening to submit amendments to the proposed legislation on the crypto market structure.

Crypto industry leaders, including Digital Chamber CEO Cody Carbone, blasted the banking sector for trying to push for last-minute carve-outs.

Circle’s net income fell 15% year-over-year despite revenue growing 20%, as operating expenses surged 76% to $242 million.

Stablecoin transfers on the SUI network exceeded $1 trillion, accelerating adoption, according to SUIG’s earnings call for first-quarter.

Santiment noted that traders should watch for Tether flows returning to exchanges, which could signal fresh buying pressure across crypto markets.

Banking associations are lobbying senators to enforce stablecoin legislation because current proposals could prompt depositors to withdraw from traditional banks.