The expanded prohibition on stablecoin yield in the CLARITY Act makes the US dollar less competitive than the Digital Yuan, Scaramucci said. The prohibition on yield-bearing stablecoins in the CLARITY Act puts the US dollar at a competitive disadvantage to China’s Digital Yuan, a yield-bearing central bank digital currency, according to Anthony Scaramucci, founder of…
Read more
Overregulation of the crypto industry would negatively impact markets and gut decentralized finance (DeFi), according to Michaël van de Poppe. The failure of the CLARITY crypto market structure bill to advance in the United States Congress is positive for crypto markets and the industry, according to market analyst Michaël van de Poppe. Van De Poppe…
Read more
Brian Armstrong, the CEO of crypto exchange Coinbase, denied reports that the White House is considering pulling support for the CLARITY Act, a crypto market structure bill, and also denied rumors that the administration is “furious” with Coinbase. “The White House has been super constructive here. They did ask us to see if we can…
Read more
Steak ‘n Shake, a fast-food restaurant chain that accepts Bitcoin (BTC) payments at its stores, announced on Friday that its BTC corporate treasury grew by $10 million in notional value. “All Bitcoin sales go into our strategic Bitcoin reserve,” the company said, adding that adopting BTC as a treasury asset has led to a flywheel…
Read more
Progress is being made toward establishing a Bitcoin (BTC) strategic reserve in the United States, but “obscure” legal provisions are holding up the process, according to Patrick Witt, the director of the White House Crypto Council. Several government agencies are discussing the legalities and regulatory issues of establishing a Bitcoin strategic reserve, including the Department…
Read more
Bitcoin (BTC) could reclaim $100,000 as support and rally toward $107,000 in the coming days, driven by a combination of supportive technical and fundamental metrics. Key takeaways: Bitcoin’s breakout is gaining traction, backed by bullish technicals and fading selling pressure. Macro signals lean bullish, with liquidity expansion and divergence between BTC and gold. Ascending triangle,…
Read more
Spot Bitcoin exchange-traded funds (ETFs) recorded $1.42 billion in net inflows over the past week, marking their strongest weekly performance since early October amid a renewed return of institutional demand. According to data from SoSoValue, inflows into spot Bitcoin (BTC) ETFs peaked midweek, with Wednesday recording the largest single-day net inflow of roughly $844 million,…
Read more
The White House is considering withdrawing its support for crypto market structure bill following a similar move from crypto exchange Coinbase, according to Fox Business reporter Eleanor Terrett, citing a source close to the Trump administration. In a Sunday post on X, Terrett reported that the White House is furious over Coinbase’s decision to pull…
Read more
Selling the Bitcoin would have violated President Donald Trump’s Executive Order 14233, which mandates that any Bitcoin obtained through criminal or civil forfeiture “shall not be sold.” A White House crypto advisor said he received confirmation from the US Department of Justice that no Bitcoin forfeited from the Samourai case was sold, putting rumors to…
Read more
With a markup of the Digital Asset Market Clarity Act (CLARITY) in the US Senate Banking Committee postponed indefinitely, leaders in decentralized finance are using the delay to press lawmakers on concerns with the bill. Before Republican leaders on the Banking Committee moved late Wednesday to postpone the markup, crypto industry groups had raised concerns…
Read more