| Mobile Web

Search results for Wyoming Blockchain Symposium

Crypto

US crypto industry\'s \'Clarity Act\' faces risk of failing this year

Prospects for passing the U.S. crypto market-structure bill known as the Clarity Act this year have become shakier in September, with industry pessimism rising. The Senate has scheduled a procedural vote on Sept. 15, but final passage would still require floor debate and further negotiations. Key disputes include stablecoin rewards and ethics provisions tied to President Donald Trump and his family’s crypto interests. Even if it fails, some expect limited immediate impact as regulators take a friendlier stance.

Crypto

Jackson Hole central bank symposium now turned into a crypto conference?

The Jackson Hole economic symposium has included stablecoins and digital payment systems in its official scope of discussion this year. The Kansas City Fed set the theme as financial innovation and will cover stablecoins and cryptocurrencies alongside other digital payment systems such as instant payments. It said the talks extend to the future of money, banking, monetary policy execution and global financial integration. Stablecoins were also mentioned in earlier Fed events, as regulation advances and attention turns to market implications.

Crypto

Trump family-linked WLFI wins conditional approval to set up bank, boosting USD1 expansion

World Liberty Financial (WLFI), a stablecoin issuer involving U.S. President Donald Trump\'s family, has won conditional U.S. approval for a bank charter application. The firm issues the dollar-pegged stablecoin USD1 and said the approval is aimed at expanding its use. The move has drawn attention over the applicant and policy environment, with some Democratic lawmakers raising concerns about potential preferential treatment. U.S. bank licensing has also increased, OCC data and officials said.