Altcoins News
By Steven Anderson
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Banks want profits. Trump didn't hold back when he called out financial institutions for what he sees as deliberate stalling tactics around the CLARITY Act, a piece of…
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The president took to Truth Social with his usual direct approach, writing that "The Genius Act is being threatened and undermined by the Banks, and that is unacceptable.
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The GENIUS Act from last year set up basic rules for stablecoins but didn't allow direct interest payments.
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Coinbase CEO Brian Armstrong pulled his support from the bill after seeing amendments that would block passive yields on stablecoins.
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Geoff Kendrick from Standard Chartered dropped some serious numbers into the debate. He warned that banks could see $500 billion flow out to stablecoins by 2028 if the…
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Crypto leaders mostly backed Trump's push for action. Ripple's Brad Garlinghouse praised the president's intervention on Twitter, saying regulatory clarity would help the whole…
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Charles Hoskinson threw cold water on the whole thing. The Cardano founder called the CLARITY Act a "trash bill" that would put too many crypto projects under SEC control.
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The legislative fight continues with no clear end in sight. Congress hasn't scheduled new hearings, leaving everyone guessing about what comes next.
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Senator Elizabeth Warren added her voice to the mix, saying any final bill needs strong consumer protections.
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International watchers are paying attention too. European Central Bank President Christine Lagarde said in a recent interview that whatever happens in the U.S.
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Binance CEO Changpeng Zhao tweeted support for clear rules on March 3, saying stability would help the market grow.
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Goldman Sachs issued a report on March 2 warning that stablecoin yields could hurt smaller banks and create systemic risks.
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The Blockchain Association has been lobbying hard for the CLARITY Act. Executive director Kristin Smith said during a recent conference that "We need a framework that encourages…
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Markets stayed volatile through all this drama. Bitcoin hovered around $44,000 on March 3 as traders tried to figure out what the regulatory fight means for prices.
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Treasury Secretary Janet Yellen has been meeting with both bank executives and crypto leaders, trying to find middle ground.
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