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U.S. Senate to Vote on GENIUS Act Stablecoin Bill by May 26

U.S. Senate to Vote on GENIUS Act Stablecoin Bill by May 26

The United States Senate is expected to vote by May 26 on the GENIUS Act, a bill aimed at regulating stablecoins. The announcement was made by Senate Majority Leader John Thune, who informed Republican lawmakers that the vote could take place before the Memorial Day recess. Introduced in February by

UAE Introduces New Stablecoin Backed by National Currency

UAE Introduces New Stablecoin Backed by National Currency

Abu Dhabi has announced the launch of a stablecoin backed by the United Arab Emirates Dirham, as part of a partnership between International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB). The new digital currency is built on the local ADI blockchain and is set to be issued

SEC Approves XRP ETFs Launches April 30

SEC Approves XRP ETFs: Launches April 30

The U.S. Securities and Exchange Commission (SEC) has officially approved the launch of several XRP-based ETFs, marking a major shift in the regulator's stance on this cryptocurrency. Developed by ProShares, the new products will become available on the market starting April 30, offering investors exposure to XRP

Mastercard Enables Real-Time Stablecoin Transactions Worldwide

Mastercard Enables Real-Time Stablecoin Transactions Worldwide

Mastercard announced new partnerships on Monday that enable global usage of stablecoins for everyday payments. In collaboration with OKX, Nuvei, Circle, and other companies, Mastercard is expanding its ability to support stablecoins like USDC for purchases at over 150 million merchants worldwide. The partnership with OKX includes the launch of

SNB rejects the proposal to include Bitcoin in its reserves

SNB rejects the proposal to include Bitcoin in its reserves

The Swiss National Bank (SNB) has rejected the proposal to include Bitcoin in its reserves, while activists continue to push for constitutional changes. Martin Schlegel, president of the SNB, stated during a shareholder meeting in Bern that “cryptocurrency cannot currently meet the requirements for our currency reserves.” He had previously

Nike Sued Over NFT Losses After Shutting Down RTFKT Division

Nike Sued Over NFT Losses After Shutting Down RTFKT Division

A group of investors has filed a class action lawsuit against Nike, seeking over $5 million in damages. The lawsuit accuses the company of causing financial losses by shutting down its Web3-focused subsidiary, RTFKT, and diminishing the value of associated digital assets. According to court documents, investors claim that Nike

Coinbase urges removal of SEC crypto holding ban for staff

Coinbase urges removal of SEC crypto holding ban for staff

Coinbase has requested the United States Office of Government Ethics (OGE) to eliminate the rule that prohibits Securities and Exchange Commission (SEC) employees from holding cryptocurrencies. Paul Grewal, Coinbase’s Chief Legal Officer, submitted the request through official letters addressed to OGE Acting Director Jamieson Greer and SEC Chair Paul