President Kassym-Jomart Tokayev has signed rules creating licensed cryptocurrency exchanges and giving the central bank the authority to approve which digital assets can be traded. The move narrows the pool of tradable tokens and raises compliance requirements for market participants.
Anthony Scaramucci warned that the CLARITY Act’s proposed ban on earning yield from stablecoins could weaken the U.S. dollar’s competitiveness versus China’s digital yuan, by pushing liquidity and innovation offshore.
Coinbase and several other crypto firms pulled support for a key bill after provisions on decentralized finance, expanded SEC authority, and limits on stablecoin yield sparked industry alarm. The pushback raises fresh uncertainty about the legislation's prospects and market implications.
Sen. Elizabeth Warren criticized a U.S. policy allowing cryptocurrencies in 401(k) and other defined‑contribution plans, warning Americans could "lose big" if safeguards are not put in place. Her remarks mark a sharp pushback that could spur regulatory and legislative scrutiny.
Coinbase CEO Brian Armstrong said there is no clash with the White House and that talks remain ongoing as the industry works on proposals tied to the CLARITY market-structure bill. The focus is on ways to support community banks' role in crypto.
State authorities ordered Virtual Assets LLC to cease operations after the firm failed to demonstrate it was an authorized money transmitter. The action removes access to the company’s ATM network while regulators assess compliance.
Texas and New Hampshire are among a growing number of U.S. states moving to add Bitcoin (BTC) to their balance sheets as Congress advances a federal crypto market structure bill. The actions signal rising state-level appetite for digital-asset exposure and could shape wider treasury practices.
California regulators have fined crypto lender Nexo $500,000 for issuing thousands of loans without a required license, creating a setback for the firm's plans to resume U.S. operations.
Senate Banking Chairman Tim Scott's sweeping crypto bill faces sharp criticism from Senate Judiciary Chairman Chuck Grassley and ranking member Dick Durbin, who say the measure raises serious concerns. The bipartisan pushback could slow or reshape the proposed regulatory overhaul.
The White House has warned it may withdraw backing for a proposed crypto market bill after Coinbase said it does not support the legislation’s current approach. The dispute widens a split between regulators and major industry players and could reshape the bill’s future.