US Federal Reserve Governor Michael Barr said Tuesday that clearer US stablecoin rules could speed the market’s growth, but warned that regulators still need to address money laundering risks, bank run risks and consumer safeguards as they implement the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Speaking at a Federalist Society event…
“We’re finishing the job, and I think within maybe two weeks, maybe a couple of days longer to do the job,” Trump told reporters in the Oval Office. President Donald Trump said the US could be wrapping up its war with Iran soon, and said this could happen within the next month. “I would say…
The United Kingdom’s move to pause political donations in cryptocurrency is colliding with rising digital asset awareness among younger people, according to a new survey shared with Cointelegraph. Research by Coinbase Institute and JL Partners, shared with Cointelegraph, found that crypto, led by Bitcoin (BTC), has overtaken traditional banking products as many young people’s entry…
The US Department of Labor has proposed a rule change seeking to expand investment options in 401(k) retirement plans, including crypto, moving the country one step closer to implementing US President Donald Trump’s executive order in August. A notice for the Labor Department’s proposal, titled “Fiduciary Duties In Selecting Designated Investment Alternatives,” appeared on the…
Global payments infrastructure provider Nium has launched a platform that allows businesses to issue stablecoin-funded cards through Visa and Mastercard, in the latest development enabling digital dollar balances to be spent at merchants using existing card networks. Nium said the system converts stablecoin balances into fiat at the point of sale and handles settlement, compliance…
A new app from the US government has sparked concerns among users and researchers over potential location-tracking features, security vulnerabilities and data collection. The White House launched the app on Friday as a way for users to get a “direct line to the White House,” including receiving breaking news alerts on major government announcements, watching…
OnePay, which is majority-owned by Walmart, has added more than a dozen crypto tokens to its offerings that the executive responsible for digital assets said “meet a high bar” that’s been set by the banking app’s customers. Since launching in January, offering Bitcoin (BTC) and Ethereum (ETH) on its its nascent crypto platform, OnePay on…
Sam Altman’s World Foundation has raised $65 million through an over-the-counter (OTC) sale of its WLD token, which has hit new record lows. In a Saturday post on X, the foundation said its token issuance arm, World Assets, completed the sale to four counterparties over the past week, with the first tranche settling on March…
Kalshi is facing another state-level lawsuit after the state of Washington on Friday filed allegations that the prediction market operator violated state gambling laws with its products. The Washington Attorney General’s complaint cites the Pacific Northwest state’s existing ban on online gambling and otherwise strict oversight of the gaming market, in claiming Kalshi violated the…
Google is preparing to support a multibillion-dollar data center project in Texas leased to Anthropic as competition for AI infrastructure accelerates. The project, operated by Nexus Data Centers, could exceed $5 billion in its initial phase, with Google expected to provide construction loans, Financial Times reported on Friday, citing people familiar with the matter. A…
