The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law on July 18, is billed as the statute that finally drags dollar‑pegged tokens out of the regulatory gray zone into a supervised, payments‑first framework. Supporters say it offers legal clarity, consumer protections and a path for programmable money. Critics say it…
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Prediction markets Polymarket and Kalshi now place Kevin Hassett, US President Donald Trump’s National Economic Council director, as the favorite to replace Jerome Powell as the next Federal Reserve chair. The odds of Hassett filling the seat have now spiked to 66% on Polymarket and 74% on Kalshi at the time of writing. Hassett is…
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The IMF dropped an explanatory video on its X handle today exploring the new phenomenon of tokenized markets. The international body responsible for ensuring the stability of the global monetary system recognized the advantages of tokenized markets in the video, but warned that they can be prone to flash crashes and are more volatile than…
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Representatives of European Union member states reached an agreement on Wednesday in the Council of the EU to move forward with the controversial “Chat Control” child sexual abuse regulation, which paves the way for new rules targeting abusive child sexual abuse material (CSAM) on messaging apps and other online services. “Every year, millions of files…
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