Western Union Eyes Stablecoins as Remittance Giants Face Outward Pressure

Gemini, the crypto trade based by the Winklevoss twins, has reached a settlement with the US Securities and Exchange Commission (SEC) regarding allegations associated to its crypto lending program, referred to as Gemini Earn. The settlement was introduced on Monday in a letter filed in Manhattan federal courtroom. SEC Lawsuit Against Gemini Nears Resolution The…

The Federal Deposit Insurance Corporation (FDIC) has introduced a brand new framework that outlines how banks can apply to problem cost stablecoins by way of subsidiaries as a part of the implementation of the nation’s stablecoin invoice, the GENIUS Act.  FDIC’s First Move On GENIUS Act In a statement, Acting Chair Travis Hill emphasised that…