June CPI Beat Sparks Bitcoin Surge, but the Fed’s September Hike Looms
June CPI fell a seasonally adjusted 0.4% month-over-month, the steepest monthly drop since April 2020, pulling the annual inflation rate to 3.5% against a Dow Jones consensus of 3.8%, and Bitcoin responded with an immediate push higher after the print.…
Housing bill that includes a CBDC ban passed into law without Trump's signature
The 21st Century ROAD to Housing Act, which includes a provision that bans the Fed from issuing a CBDC, has become law.
Federal Reserve rolls out proposing rulemaking requiring stablecoin issuers to maintain customer identification program
The Fed rolled out a rule requiring stablecoin issuers to have a program in place to identify customers to combat illicit finance.
Senate Republicans urged financial regulators to rework bank capital rules for digital assets
A group of Senate Republicans is pressing key financial regulatory agencies to clarify capital standards for digital assets.