| Mobile Web

Search results for stablecoin rewards

Crypto

U.S. Clarity Act vote nears as crypto industry and banks clash in last-minute lobbying

With the U.S. Senate set to hold a procedural vote on the Clarity Act on Sept. 15, lobbying by the cryptocurrency industry and regional banks is spreading to senators’ home states. Both sides used the August recess to press their case through local events, meetings, op-eds, calls, emails and advertising. The bill would set federal rules for digital assets and split oversight between the SEC and CFTC, with stablecoin reward provisions a key flashpoint.

Crypto

Ripple CEO says U.S. is close to finishing crypto rules, within reach of becoming global crypto capital

Ripple CEO Brad Garlinghouse said the United States is nearing the final stage of overhauling cryptocurrency regulation and could rise as a global crypto hub. He made the remarks on X after CFTC Chair Michael Selig referenced an Aug. 19 White House meeting with President Donald Trump and industry figures. Attention is turning to a Senate vote on the Clarity bill set for Sept. 15, though disagreements remain over several provisions.

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.