Banking Lobby Moves to Gut Clarity Act Stablecoin Rules
A coalition of five major bank trade groups is rejecting the Tillis-Alsobrooks yield compromise on stablecoin rewards, warning it could drain 20% of deposit funding.
Compliance frameworks — AML, KYC, market structure, licensing regimes, and custody rules.
A coalition of five major bank trade groups is rejecting the Tillis-Alsobrooks yield compromise on stablecoin rewards, warning it could drain 20% of deposit funding.
The collaboration pairs a top crypto market-maker with a regulated tokenization stack — a credible path for Wall Street to settle real equity exposure onchain without re-engineering compliance.
The stablecoin-yield standoff is over, but the markup now depends on Sen. John Kennedy's leverage over a housing package — and on software-developer language that could reopen the entire fight.
April's Drift and Kelp breaches cost more than half a billion dollars combined, with no smart-contract bug — just months of social engineering that walked past every system built to flag a hack.
A social post turned into a payment instruction: obfuscated text passed through Grok into Bankrbot, which executed a token transfer from an X-issued agent wallet — exposing how model output can…
The HKMA's April 28 alert exposes a structural gap between bank-name legitimacy and on-chain verification — and one that grows wider as more licensed issuers enter the market.
The Chair's Las Vegas admission that the SEC's legal toolkit is structurally outdated is a public pivot from years of enforcement-first posture, and it lands the same week Congress is moving parallel…
Treasury, OCC and FDIC are turning the statute into an operating manual — and the fixed-cost compliance burden it imposes could squeeze smaller issuers while cementing an advantage for banks, large…
The first-ever 9-of-12 emergency multi-sig execution on a major L2 sets a precedent the rest of DeFi will now have to argue about.
Polymarket has tapped Chainalysis to layer Wall Street-calibre compliance and monitoring infrastructure onto its…
Anchorage Digital and M0 have announced a partnership aimed at powering a new wave of regulated stablecoins — combining…
The Commissioner is now testing whether Harborne's gift crosses the line from a personal present to a political contribution — and the answer reshapes the risk UK politicians carry from accepting…
Bessent's OFAC action is one of the largest single freezes tied to Tehran's on-chain infrastructure and signals the Treasury no longer treats crypto as peripheral to sanctions enforcement.
Treasury's 2026 budget applies equity-style 30-day rules to digital assets and slaps a 30% mining electricity tax on proof-of-work operators — but a pro-crypto Congress has already buried similar…
Anand Gomes blames weak regulation for a token-launch model built around founders dumping on retail, not shipping product — a critique landing as the cycle digests another wave of post-TGE drawdowns.
The GENIUS Act bars issuers from paying holders yield directly, but the $320B stablecoin market's economics still flow through exchanges, custodians, card networks, and banks — and that…
Anti-money-laundering enforcement has overtaken securities as the dominant regulatory pressure on crypto firms, with Basel rules and mandatory audits reshaping compliance into a permanent cost center.
The fight is no longer about stablecoin yield or jurisdictional turf — a retiring Banking Committee Republican just made White House ethics the bill's load-bearing pillar, with the math to block…