Banks pushed Congress to kill stablecoin yield with CLARITY Act – Coinbase may have found the loophole
For traditional US banks, the CLARITY Act was intended as a firewall that effectively barred crypto companies from offering “passive” interest on stablecoins. The legislation aimed to prevent a catastrophic deposit flight in which everyday checking account balances drain from the banking system into high-yield crypto exchanges. But as lawmakers prepare to fi...
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Mt. Gox-linked wallets moved 10,422 BTC, worth roughly $739 million as BTC price slides
Mt. Gox moved more than $700 million worth of Bitcoin while the market was already under stress, giving traders a familiar reason to ask whether old bankruptcy coins are moving closer to new supply. The estate-linked wallets moved 10,422 BTC on June 2, worth roughly $739 million at the time of the transfer. Most of […] The post Mt. Gox-linked wallets moved 1...
New DeFi entrant widens field of crypto political campaign funds as elections loom
The Defend Developers PAC is aiming to contribute to lawmakers who seek to shield crypto developers from legal vulnerabilities....
