Finance
FDIC Chair Clarifies Lack of Deposit Insurance for Stablecoins Amidst New Legislation
The chair of the FDIC emphasizes that the GENIUS Act will prohibit stablecoin deposits from receiving government insurance.
Finance
Ripple's CEO Confirms White House Meeting with Crypto and Banking Representatives
The Ripple CEO highlights discussions on stablecoin yield amid a market structure bill being considered by Congress.
Ecosystem
Crypto Investor Confidence Expected to Improve with CLARITY Act Passage, Says Bessent
According to the U.S. Treasury Secretary, the stalling of the CLARITY market structure bill could diminish its chances of being passed after the 2026 midterm elections.
Crypto
Italy's Central Bank Governor Emphasizes Role of Banks Over Stablecoins in Digital Currency
Fabio Panetta, the head of the Bank of Italy, suggests that stablecoins are secondary to traditional bank currencies, as their reliability is tied to fiat currencies.
Ecosystem
Vietnam Launches Licensing Process for Digital Asset Trading Platforms
Vietnam has initiated a licensing program for digital asset trading platforms, signaling the beginning of its regulated crypto market pilot.
Court
Massachusetts Court Rules Against Kalshi's Sports Betting Operations
A preliminary injunction blocks Kalshi from offering sports bets in Massachusetts following legal action initiated by the state's attorney general.
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