President Trump is set to sign an executive order opening up 401(k) retirements plans to alternative assets, like private equity, real estate, and cryptocurrency. The move has the potential to unlock trillions in new investment for asset managers outside of stocks, bonds, and cash, though critics say it also could Read more…
The SEC has launched “Project Crypto” to overhaul outdated securities regulations for a blockchain-based future, aiming to support tokenized assets, crypto trading, and “super apps.” “To achieve President Trump’s vision of making America the crypto capital of the world, the SEC must holistically consider the potential benefits and risks of Read more…
The House passed a bipartisan bill regulating stablecoins which now heads to President Trump’s desk as part of his push to make the U.S. the “crypto capital of the world.” Two other crypto-related bills — one defining digital asset market structure and another banning a U.S. central bank digital currency Read more…
The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer’s cryptocurrency holdings in their criteria for buying mortgages from banks. William Pulte, director of the Federal Housing Finance Agency, which oversees Fannie and Freddie, ordered the agencies Read more…
The U.S. Senate has approved the GENIUS Act with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts. What the bill sets out to do is create the first federal regulatory framework for U.S. stablecoins, requiring issuers to maintain full 1:1 reserves in cash Read more…
Pakistan will allocate 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power bitcoin mining and AI data centres. The allocation is part of Islamabad’s plans to use its surplus electricity to bitcoin mining and AI data centres.
Donald Trump’s crypto company created a digital dollar called USD1, which is now being used by a big investor in Abu Dhabi to help fund a $2 billion deal with Binance, the world’s largest crypto exchange. Stablecoins are an increasingly lucrative cog in global crypto trading. Their issuers typically profit Read more…