Tether has posted a chunky $1.04 billion profit for Q1 2026, while its reserve buffer hit a record $8.23 billion — a reminder that USDT is now far more than crypto plumbing; it’s a serious financial power player with regulators breathing down its neck. $1.04 billion net profit in Q1 2026 $8.23 billion record excess […]
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Senators Elizabeth Warren and Ron Wyden are pressing Tether and Commerce Secretary Howard Lutnick over a reported loan tied to a trust benefiting his children, raising fresh questions about conflict of interest, crypto regulation, and whether Washington is once again getting a little too comfortable with money that should be under a microscope. Probe launched: […]
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North Carolina blockchain advocates are urging Senator Thom Tillis to keep the Clarity Act moving, warning that a broad crackdown on stablecoin yield could push capital, talent, and crypto activity out of the U.S. and into friendlier jurisdictions. NC Blockchain wants Tillis to back the Clarity Act Banks are pushing for a total ban on […]
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Morgan Stanley Quietly Launches Its First Fund Built Specifically for Stablecoin Issuers is quietly building the plumbing for the stablecoin economy, and that’s where the real money usually hides. New fund: Stablecoin Reserves Portfolio, ticker MSNXX Launch date: April 23, after an SEC filing on April 16 Purpose: A reserve vehicle for stablecoin issuers needing […]
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U.S. banking groups are pushing federal regulators for more time to comment on stablecoin regulation under the GENIUS Act, arguing the rules are too interconnected to rush without creating a mess. Banking groups want a 60-day extension for comment periods The OCC stablecoin framework is seen as the key starting point Regulators at Treasury, FDIC, […]
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SEC Chair Atkins Demands Action: Will Congress Deliver on Crypto Regulation with the CLARITY Act? Is the U.S. on the brink of squandering its chance to lead the cryptocurrency revolution? SEC Chair Paul S. Atkins seems to think so, taking to social media to urge Congress to pass the CLARITY Act—a bill that could finally […]
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FDIC Unleashes 144-Question Overhaul for Stablecoin Regulation The Federal Deposit Insurance Corporation (FDIC) has fired off a bold proposal to regulate stablecoin issuers under its jurisdiction, dropping a hefty 144 questions for public input during a 60-day comment period. Tied to the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law […]
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FDIC’s 191-Page Stablecoin Regulation: No Insurance for Crypto Holders The Federal Deposit Insurance Corporation (FDIC) has fired a major shot across the bow of the stablecoin industry, voting to release a sprawling 191-page proposed rule under the GENIUS Act. Targeting a $316 billion market, this framework imposes rigid standards on “permitted payment stablecoin issuers” while […]
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US Treasury’s Tight AML Rules for Stablecoins: Innovation or Overreach? The US Treasury has dropped a regulatory bombshell on dollar stablecoin issuers, unveiling stringent anti-money-laundering (AML) and sanctions compliance rules that could redefine the crypto game. Spearheaded by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC), these proposals demand […]
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Fed Governor Sounds Alarm on Stablecoin Risks as CLARITY Act Hits Roadblocks Stablecoins, the digital tokens pegged to fiat currencies like the US dollar, are pitched as a stable lifeline in the chaotic crypto markets. But are they a game-changer for finance or a looming catastrophe? Federal Reserve Governor Michael Barr dropped a stark warning […]
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