Crypto News
Weekly Recap: Crypto Debanking in the Spotlight
It was a busy week in crypto featuring important product launches, fevered debate around Ethereum, movement on stablecoin legislation, and high-profile Congressional hearings on “debanking.”David Sacks, the Crypto and AI Czar, held a high-profile press conference with Senate leadership, as Senator Hagerty, of Tennessee, introduced a new stablecoin bill. The proposal, which outlines an oversight regime for stablecoin issuance, builds on a bill that passed the House last year but fell in the Senate. It’s more likely to pass this year, now that Republicans are in control. CoinDesk’s Jesse Hamilton had the news.The Senate also held hearings on the co-ordinated policy of institutions like the FDIC to deny financial services to crypto companies during the Biden years (aka debanking). Nathan...
Solana Price Will More Than Double This Year, Says VanEck—Here’s Why
Bitcoin and Ethereum ETF issuer VanEck is bullish on Solana due in part to growing popularity, which has come amid increased stability.Source link
BERA Price Explodes After Exchange Launch as New L2 Project Solaxy Hits $18.5M in ICO
Berachain’s (BERA) mainnet launch has made headlines – with BERA defying early expectations after hitting the open market. But while all eyes are on BERA’s breakout, another project is gaining traction under the radar: Solaxy (SOLX). This new Layer-2 solution for Solana has raised over $18.5 million in its ICO. Berachain Launches Mainnet as Proof-of-LiquiditySource link
U.S. Regulator Pursuing Tokenization Pilot to Tap Stablecoins as Collateral
Caroline Pham, who is running the U.S. Commodity Futures Trading Commission on an acting basis, is pursuing a stablecoin-backed tokenization pilot program, and an upcoming summit will include the heads of Coinbase, Ripple, Circle, Crypto.com and other digital assets firms.Pham had suggested the idea for a so-called regulatory sandbox on tokenization through her advisory committee, the Global Markets Advisory Committee, in the past but that hadn't been embraced by the agency's previous leadership.“I’m excited to announce this groundbreaking initiative for U.S. digital asset markets,” Acting Chairman Pham said in a statement on Friday. “I look forward to engaging with market participants to deliver on the Trump Administration’s promise of ensuring that America leads the way on economic opportunity.”The idea, based...
Simply Staking Adds Support for Berachain, Unlocking BGT Rewards
The company now has more than $1 billion in assets staked across the 50 protocols it supports, with Berachain the latest to be added.Source link