Author: Cointelegraph By Andrew Singer

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GENIUS Act Lays Stablecoin Rules But Gaps Remain for Foreign Issuers

The signing of the GENIUS Act into law established the first comprehensive regulatory framework for US-issued stablecoins. Supporters argue it will enhance trust, drive mainstream adoption and bolster the dollar’s status as the global reserve currency. With stablecoins now gaining traction in global finance, the GENIUS Act could also prove a boon for the developing…
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Here’s What You Need To Know

Backed by prominent Bitcoin developers and firms, the long-dormant Bitcoin Improvement Proposal OP_CHECKTEMPLATEVERIFY, known as CTV or BIP-119, is now gathering steam.  If finally approved, it could boost Bitcoin’s scalability, security and usability — particularly through the introduction of covenants and vaults that could improve self-custody and enable safer, smarter layer-2 applications such as Lightning…
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RISE Act Provides AI Guardrails but Not Enough Detail

Civil liability law doesn’t often make for great dinner-party conversation, but it can have an immense impact on the way emerging technologies like artificial intelligence evolve. If badly drawn, liability rules can create barriers to future innovation by exposing entrepreneurs — in this case, AI developers — to unnecessary legal risks. Or so argues US…
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Meta and Big Tech Aren’t Joining the Bitcoin Treasury Wave

Strategy became the first publicly traded company to adopt Bitcoin as its primary treasury reserve asset in August 2020, but not many major tech firms have followed since.  Treasury reserves, sometimes called cash reserves, are held by corporations to fund short-term or emergency obligations. These are typically cash or cash equivalents like money market funds…
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Federal crypto legislation could come with a ‘New York State of Mind’

Love it or leave it, New York State has been a force in crypto regulation. Ten years ago, the state created the United States’ first comprehensive regulatory framework for firms dealing in cryptocurrencies, including key consumer protection, anti-money laundering compliance and cybersecurity guidelines. In September 2015, the New York Department of Financial Services (NYDFS) issued…
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Why do crypto bros like freedom cities?

When Donald Trump was running for president, he pledged to build 10 new US cities, dubbed “freedom cities,” from scratch, designed to improve the quality of life for Americans.  These new high-tech communities were to be created on public land, and they were going to be free of the “nightmare of red tape,” including lengthy…
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Trade war puts Bitcoin’s status as safe-haven asset in doubt

Several years back, many in the crypto community described Bitcoin as a “safe-haven” asset. Fewer are calling it that today. A safe-haven asset maintains or increases in value in times of economic stress. It can be a government bond, a currency like the US dollar, a commodity like gold, or even a blue-chip stock.  A…
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Reaction to Trump’s crypto reserve: ‘Short-term optimism, long-term caution’

A pair of posts by President Donald Trump about his plans for a US crypto reserve “triggered a marketwide rebound” in cryptocurrencies on March 2, with global market capitalization increasing nearly 7% to $3.04 trillion, Cointelegraph reported. Still, on closer examination, a crypto strategic reserve — presumably along the lines of the US Strategic Petroleum…
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Is crypto’s ‘Trump effect’ short-lived?

Many in the crypto community believed that US President Donald Trump’s second-term election would send Bitcoin prices skyrocketing, and it did — from $69,374 on Election Day (Nov. 5) to a record $108,786 when the new administration took office on Jan. 20.  But since that time, the price of Bitcoin (BTC) has mostly fallen, dropping…
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Security execs weigh in on ‘staggering’ scale of record Bybit hack

The record-breaking $1.4 billion Bybit hack displays the “increasingly creative exploits” seen in the crypto industry, Halborn’s co-founder told Cointelegraph. Source link