Crypto News

New York Attorney General Letitia James sounded the alarm on the U.S. Senate’s stablecoin bill, warning Congress on Monday that the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act — at least as it currently stands — “do not contain the necessary guardrails to protect the American public.”In an eight-page letter sent Monday, James urged Congress to slow down its efforts to pass stablecoin legislation and “take the time necessary to draft legislation that will enhance innovation while protecting our banking system that is the envy of the world.”This is not James’ first letter to Congress warning of the dangers of what she has called “the unchecked proliferation of digital assets.” In an April letter to...

With the U.S. Senate's passage of the bill meant to carry forward the bulk of President Donald Trump's policy agenda, last-minute changes to the "One Big Beautiful Bill" didn't include a proposal to clarify and ease crypto taxation.Though Senator Cynthia Lummis had advocated changes to the U.S. approach to taxing cryptocurrency transactions, including waiving capital-gains taxes on small-scale activity, it wasn't among the amendments to the bill that narrowly passed on a 50-50 vote on Tuesday in which Vice President J.D. Vance had to step in to break the tie.Senators had worked through the night debating amendment after amendment, most of which failed, on their way toward a Republican success. But Lummis' amendment wasn't among them, despite 11th-hour lobbying efforts...

Gambling on a coin flip isn’t bad odds when you’ve spent all day in the meme coin trenches—plus Token Yugijo gives you an AI-powered pal.Source link

Bitcoin ETFs closed their 15th consecutive inflow day with $102 million, fueled entirely by Blackrock’s IBIT. Ether ETFs also stayed in the green with $31.76 million in inflows, keeping bullish sentiment alive. ETF Momentum Persists With $102 Million Boost for Bitcoin and $31 Million Boost for Ether Investors are showing no signs of slowing down.Source link

Litecoin (LTC) has traded sideways over the last 24-hours, after coming down from a two-week high above the $88 mark. The token has been bouncing between $85 and $87 in today’s trading session, underlining a tug-of-war between dip-buyers and sellers who treat $87 as a ceiling.Charts hint at a looming “golden cross,” the moment a 50-day moving average climbs above the 200-day line, according to CoinDesk Research's technical analysis data model.The pattern often precedes multi-week rallies, yet momentum remains weak until bulls punch through $87. The wider crypto market, as measured by the CoinDesk 20 (CD20) index, dropped just 0.25% over the last 24 hours.Future prospects tell a bright story. Bloomberg analysts on Monday raised the chance that the Securities...