Tag: Crypto

Kraken CEO pushes back at ABA warning over stablecoin yields

A new dispute has emerged between U.S. banks and crypto firms after comments about stablecoin interest products sparked public criticism from Kraken’s chief executive. The ongoing rivalry between banks and crypto platforms took another turn this week as Kraken’s chief…...
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BlackRock acquires $211M worth of Bitcoin

BlackRock’s Bitcoin acquisition underscores a growing institutional shift towards crypto, potentially stabilizing and legitimizing the market. The post BlackRock acquires $211M worth of Bitcoin appeared first on Crypto Briefing....
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GENIUS Act Could Shield Bitcoin From Fed Oversight, Governor Barr Warns

Federal Reserve Governor Michael S. Barr used a keynote at DC Fintech Week to praise Congress for finally drawing lines around stablecoins—then immediately warned that the new law’s drafting could open channels for risk and regulatory arbitrage, including a pathway for Bitcoin-linked instruments to sit inside stablecoin reserves with...
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