Five US banking lobbies issued a joint assertion saying the proposed language on stablecoin yield within the Clarity Act falls wanting its objective of defending financial institution deposits. The 5 commerce teams backed the senators’ objective however demanded stronger textual content. It included the American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association,…
Coinbase jumped 12% hours after Senator Cynthia Lummis introduced a finalized bipartisan settlement on the Clarity Act stablecoin yield. Senator Cynthia Lummis introduced the bipartisan deal, resolving probably the most contentious provision within the Lummis-Gillibrand legislative framework: whether or not licensed entities can lawfully provide stablecoin yield to prospects with out triggering securities classification. This…
World Liberty Financial filed a defamation lawsuit in opposition to Tron founder Justin Sun on Monday. The grievance accuses Sun of working a paid smear marketing campaign to crash the WLFI token. The Trump-linked Decentralized Finance (DeFi) challenge says Sun used press, influencers, and bots to amplify false claims after the freeze of his tokens….
Payward, the dad or mum firm of crypto alternate Kraken, has accused Etana Custody and its CEO of orchestrating a Ponzi-like scheme. The alleged fraud misappropriated greater than $25 million in buyer reserve funds. The second amended criticism was filed May 4, 2026 within the U.S. District Court for the District of Colorado. It escalates…
Franklin Templeton’s Chris Perkins argues that the $2.7 trillion crypto market doesn’t want the Clarity Act to outlive. Despite months of Senate impasse on the landmark market construction laws, the business has already confirmed it may well develop, entice capital, and construct institutional rails with no federal regulatory framework in place. According to Franklin Templeton’s…
Five anomalies within the OFAC-sanctioned wallets recommend the $344 million USDT freeze might not be Iran-linked. The findings come from blockchain intelligence agency Nominis. Nominis CEO Snir Levi revealed the evaluation Sunday, breaking down behavioral patterns of the seized addresses. The knowledge factors towards overlap with Chinese state-linked infrastructure reasonably than the Islamic Revolutionary Guard…
BlackRock filed a 17-page remark letter asking the Office of the Comptroller of the Currency (OCC) to scrap a proposed 20% cap on tokenized reserve property in its draft guidelines for the GENIUS Act. The world’s largest asset supervisor submitted the submitting on the ultimate day of the company’s 60-day remark window, which opened when…
A Wall Street Journal investigation has found that World Liberty Financial, the Trump crypto enterprise, partnered with a virtual-currency firm referred to as AB whose key figures have been sanctioned by the U.S. Treasury for alleged ties to a transnational pig butchering rip-off community that stole billions from Americans. The partnership, which enabled WLF’s USD1…
Senators Thom Tillis and Angela Alsobrooks have finalized a bipartisan compromise on stablecoin rewards, eradicating the most important impediment to the Digital Asset Market Clarity Act and clearing a path towards Senate Banking Committee markup. The new textual content blocks payouts that operate like financial institution deposit curiosity whereas preserving rewards tied to real platform…
The Trump sons, Donald Trump Jr. and Eric Trump, quietly took roughly 20% of a Kazakh tungsten miner now backed by as much as $1.6 billion in US federal financing, the Financial Times reported Friday. Three forces converge of their favor, every set in movement by their father’s administration. Federal financing builds the mine, a…