Senate CLARITY Act Faces 3 Blockers With Under 9 Days Until July 4 Recess
Senator Bill Hagerty told FOX Business on June 18 that he still hopes the Digital Asset Market Clarity Act can clear the Senate before the July 4 recess, even while conceding the bill may slip past Independence Day. His optimism lands against a wall of…
Japan Three Biggest Banks Unite to Launch Yen Crypto Stablecoin by March 2027
MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation have established a formal joint council to develop and co-issue a yen-backed crypto stablecoin by the end of Japan fiscal year 2026, March 2027. The stablecoin will be issued under a trust…
US Government Orders Anthropic to Pull Claude Fable, Mythos AI Models
Anthropic pushed back against what it described as an overreach, saying the vulnerability cited is already widespread across the industry.
JPMorgan, Citi, and Bank of America Just Built a Tokenized Payment Network to Kill Stablecoins
JPMorgan, Citi, Bank of America, and Wells Fargo are building a shared Tokenized Deposit Network to challenge stablecoins. It goes through The Clearing House, targeting a first-half 2027 launch, and the Federal Reserve is the audience that matters most.…
Government Stablecoin Payments Would Fuel 'Tax Evasion Economy,' Lawmaker Warns
Rep. Brad Sherman warned that allowing government payments in stablecoins would "sanctify an alternative to the US dollar."
Bitcoin Slips to $77.2K as Macro Pressure Builds, While LiquidChain Presale Nears $780K
Bitcoin has dropped from its May 6 high just below $83,000 to around $77,200 as risk assets come under renewed pressure from rising bond yields, sticky inflation concerns and geopolitical uncertainty. The total cryptocurrency market capitalization now…
Elon Musk’s DOGE Cuts $420 Million in Government Contracts Within 80 Hours
Elon Musk’s Department of Government Efficiency (DOGE) has made headlines by announcing a cut of $420 million in government contracts within its first 80 hours of operation. While this move is symbolically significant, it raises questions about the…
Turkey Considers Taxing Stock Gains and Crypto Investments in Fiscal Tightening Strategy
Turkey is exploring measures to shore up its budget deficit, including taxing proceeds from investments in stocks and cryptoassets. The move comes as part of a broader fiscal tightening strategy aimed at addressing economic challenges. The…