Crypto

Kevin O\'Leary says regulation is Bitcoin\'s next driver as legislative progress reshapes market

Billionaire investor Kevin O\'Leary said regulatory clarity is the next catalyst for Bitcoin, arguing that major institutions remain on the sidelines despite the cryptocurrency breaking its previous high. He said pension funds, funds and sovereign wealth funds still view Bitcoin and other digital assets as peripheral assets and are unlikely to make major allocations until regulatory uncertainty is resolved. O\'Leary said passage of legislation such as a clarity bill could quickly change the market landscape.

Crypto

Banks move as stablecoins grow in battle to defend digital dollars

U.S. financial firms are preparing a joint payments infrastructure that would let bank deposits be transferred directly on blockchains, as stablecoins expand. The Clearing House is pushing a system for 24-hour clearing and settlement of tokenised deposits, linking blockchain transactions to existing fiat networks such as RTP and CHIPS. The push is supported by regulatory distinctions between stablecoins and tokenised deposits, while banks focus on preventing deposit outflows.