Crypto News
New Avalanche Card Simplifies Cryptocurrency Transactions Across Three Continents
The Avalanche Foundation and digital payment firm Rain launched the Avalanche Card on Feb. 26, 2025, enabling users in Southeast Asia, Africa, and Latin America to spend cryptocurrencies through Visa’s global network. Avalanche and Rain Partner to Launch Crypto Card for Conversion-Free Spending The card supports transactions using USDC, USDT, Wrapped AVAX (wAVAX), and AVAX,Source link
Stablecoins Take Center Stage at Senate’s First Digital Assets Subcommittee Hearing
Stablecoins and the role of Congress in addressing future digital assets legislation took center stage during one of the Senate Banking Committee's first hearings to focus on what a regulatory framework for crypto may look like.The Wednesday hearing, framed as the jumping-off point for further Congressional action on digital asset regulations, was the first hosted by the banking committee's new digital assets subcommittee and chaired by Wyoming Republican Cynthia Lummis, a longtime crypto proponent."We're on the precipice of finally creating a bipartisan legislative framework for both stablecoins and market structure," Lummis said in her opening statement, referring to draft legislation she introduced with New York Democrat Kirsten Gillibrand as a natural counterpart to the House's Financial Innovation and Technology for...
The Bitcoin Blueprint: A Theoretical Path to Carving Away at America’s $36 Trillion Deficit
Michael Saylor announced via X on Feb. 26, 2025, that his March 11 Bitcoin for America keynote will outline a theoretical strategy to pay off the U.S. national debt, currently at $36 trillion, using bitcoin. Turning Bitcoin Into Trillions: The Controversial Idea to Zero Out U.S. Debt Saylor’s provocative assertion, central to his March 11Source link
SEC Drops Probe Into Gemini, Cameron Winklevoss Demands Recompense
The U.S. Securities and Exchange Commission (SEC) might be done with Gemini, but Gemini isn’t done with the SEC.According to a Wednesday X post from Gemini co-founder and President Cameron Winklevoss, the SEC informed Gemini on Monday that it was closing its investigation into the New York-based crypto exchange and would not be filing enforcement charges against it.But the anti-climactic resolution to the long-running investigation was unsatisfying to Winklevoss, who said in his X post that the SEC’s retreat “does little to make up for the damage this agency has done to us, our industry, and America.”“The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation,” Winklevoss...
US Lawmakers Delay Timeline for Crypto Legislation
During a Wednesday meeting, lawmakers and industry experts expressed less urgency to speed-run new crypto reforms.Source link