| Mobile Web

Search results for Federal Reserve

Crypto

Bitcoin retreats after 12-week high, fails again near $79,000

Bitcoin briefly reclaimed a 12-week high of $79,399 but fell back in Asian trading and failed to retake $80,000. It was last down 2.09 percent over 24 hours at about $77,700. Analysts flagged $80,000 as a level where selling often emerges as underwater positions are closed. Major altcoins also weakened. Funding rates in perpetual futures remained negative, leaving room for a short squeeze if spot prices hold above breakeven levels.

Crypto

U.S. CLARITY Act stalls for a month as Senate talks lag

Public debate on the U.S. crypto market structure bill known as the CLARITY Act has shown no progress for a month, narrowing the window for passage before elections. CoinDesk reported the bill is unlikely to be handled within April and that Congress has limited time left. The industry is pressing for a Senate Banking Committee markup hearing, but timing, unresolved issues including stablecoin yield, and other congressional priorities may push the bill down the agenda.

Crypto

U.S. banks face May 1 deadline to comment on OCC stablecoin rules

U.S. banks have until May 1 to submit views on the Office of the Comptroller of the Currency’s proposed rules tied to the GENIUS bill. The draft lays out reserve standards, custody rules, capital requirements and supervisory authority, and would require federal approval for issuers with more than $10 billion in stablecoins outstanding. Smaller issuers could operate under state frameworks certified by the Treasury, the Federal Reserve and the FDIC.