Tether’s $5.7B YTD profit sets stage for new U.S. stablecoin in Q4

Key Takeaways Tether eyes Q4 for U. S. market re-entry with new stablecoin offerings separate from USDT. The firm’s YTD profit surged to $5. 7B with a reported $127B in Treasury bills exposure.

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Trump signs landmark crypto bills into law, setting new rules for digital currency

President Trump has signed the GENIUS Act and two other major crypto bills into law, marking a turning point for U.S. digital asset regulation. #partnercontent

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Trump officials crypto millions, Upbit possible penalties and more | Pacific Sunrise

Trump administration officials hold significant cryptocurrency stakes, and the passage of new crypto bills boosts stock performance. Meanwhile, South Korea’s Upbit could face an enormous fine for regulatory breaches.

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US Investors Missed out on the PUMP Token Sale – When Will This Change?

Pump.fun raised $500 million in 12 minutes, but US investors were blocked. New crypto bills could soon open doors to future token sales. The post US Investors Missed out on the PUMP Token Sale – When Will This Change? appeared first on BeInCrypto.

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Michigan lawmakers push new crypto bills covering BTC mining, CBDCs, and retirement funds

Michigan proposes crypto investments for state retirement funds via exchange-traded products. New bills promote Bitcoin mining, tax breaks, and ban support for a federal CBDC. Michigan is stThe post Michigan lawmakers push new crypto bills covering BTC mining, CBDCs, and retirement funds appeared first on AMBCrypto.

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Michigan lawmakers introduce new crypto bills covering state investments, mining, and CBDCs

Four new cryptocurrency-related bills were introduced in the Michigan legislature this week, covering public pension investments in crypto, mining, income tax exemptions, and restrictions on CBDC support.

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Arizona Governor Vetoes Crypto Reserve Plans, Signs Tough New Rules for Kiosk Operators

Governor Hobbs vetoed key cryptocurrency bills, prioritizing consumer protection with the signing of HB 2387 to regulate crypto kiosks in Arizona. The post Arizona Governor Vetoes Crypto Reserve Plans, Signs Tough New Rules for Kiosk Operators appeared first on BeInCrypto.

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Texas one step away from creating official Bitcoin Reserve

Texas advances SB 21 to establish the nation's first state-managed Bitcoin reserve. New Hampshire leads adoption while Florida withdraws Bitcoin investment bills. As momentum around state-leThe post Texas one step away from creating official Bitcoin Reserve appeared first on AMBCrypto.

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Digital shift in Swiss economy shows ‘substantial opportunity’ for Swiss stablecoin, Bitcoin Suisse says

Switzerland’s economy is showing early signs of complete digitalization, as digital transactions have now surpassed cash payments, according to a new survey. Switzerland has long favored cash, with the average person holding around $10,481 in bills and coins. It’s been…

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Alabama moves to invest state funds in Bitcoin with new bills

Alabama lawmakers have introduced legislation to allow the state to invest public funds in Bitcoin.  The latest proposal, Senate Bill 283, was filed this week by Sen. April Weaver as a companion to House Bill 482, which was introduced in…

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VanEck: State Bitcoin bills could trigger 247k BTC purchase if enacted

A new analysis by VanEck suggests that 20 state-level Bitcoin reserve bills, if enacted, could lead to $23 billion in Bitcoin purchases, equivalent to 247,000 BTC. This estimate excludes potential pension fund allocations, which could further increase demand if lawmakers…

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Illinois And Indiana Embrace Bitcoin With New Stage Reserve And Retirement Funds Bills

As US lawmakers continue working on crypto adoption and better regulations, Illinois and Indiana representatives have introduced new Bitcoin-related bills seeking to embrace the flagship crypto at the state level.

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South Dakota lawmaker proposes two Bitcoin Reserve bills, eyes 10% state fund allocation

South Dakota Representative Logan Manhart made two new legislative proposals on Jan. 30 aimed at incorporating Bitcoin (BTC) into the state’s investment strategy.   House Bill 1202 (HB 1202) would allow the state to allocate 10% of its public funds to Bitcoin.

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New Hampshire, North Dakota introduce bills for Strategic Bitcoin Reserve

According to Satoshi Action Fund CEO Dennis Porter, the North Dakota BTC bill “already has 11 sponsors.”

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French Hill voted in to chair US House Financial Services Committee next year

Hill won after a second round vote, beating three other crypto-friendly Republicans Current Chair Patrick McHenry is retiring in on January 25, 2025 Hill has championed several crypto bills, including legislation to regulate digital assets Crypto-friendly French Hill will take over as Chair of the US House Financial Services Committee in next year’s new Congress.

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Bitfinex Securities launches tokenized US Treasury Bills in El Salvador

Bitfinex Securities has launched the first regulated public offering of tokenized U. S. Treasury Bills under El Salvador’s new securities framework.   The offering enables investors to purchase digital tokens linked to short-term U.

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Tokenized Asset Manager Superstate Debuts New Fund to Profit From Bitcoin, Ether 'Carry Trade'

Superstate's new offering comes after its first tokenized fund of short-term U.S Treasury bills, which debuted earlier this year.

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Crypto Super PAC spends $2M on attack ad targeting NY lawmaker

Democratic Representative Jamaal Bowman in New York’s 16th Congressional District has voted against three pro-crypto bills in the last 30 days.

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Arkansas governor to reportedly sign two bills regulating crypto mining activities

Arkansas State Governor Sarah Huckabee Sanders is expected to sign two new bills regulating crypto mining activities within the state, according to various sources. The state lawmakers passed Senate Bills 78 and 79 on May 1 to tighten the regulations governing crypto miners in the state.

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Ripple Prepares To Shake Up $150B Market With Imminent Launch Of New Stablecoin

In a notable development, blockchain developer Ripple Labs recently announced its plans to launch a stablecoin pegged 1:1 to the US dollar (USD).   Ripple Enters Booming Stablecoin Market According to the company’s announcement on Thursday, the stablecoin’s reserves will consist of US dollar deposits, short-term US Treasury bills, and other undisclosed cash equivalents.

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California senator proposes new legislation to ‘democratize’ AI resources

Senator Steve Padilla (D-San Diego) proposed new legislation in the form of Senate Bills 892 and 893 to establish a robust and ethical AI framework in California, according to a Jan. 3 press release.

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Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly

The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law.

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Two more crypto bills in the US: Law Decoded, July 17–24

Last week was marked by two new legislative initiatives for the crypto industry in the United States.

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South Korea passes new crypto legislation focusing on investor protections

The South Korean National Assembly passed the Virtual Asset User Protection Act on June 30 during a plenary session, local media SBS reported. The legislation combines 19 different crypto-related bills that aim to establish a regulatory framework for the industry and define digital assets that are securities.

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Texas legislature passes new bitcoin mining laws

The 88th session of the Texas Legislature has passed a series of bills set to influence the state's bitcoin mining industry.

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US senators propose AI bills for transparency and innovation

The bipartisan bills target government transparency when using AI and the formation of a new Office of Global Competition Analysis to stay on top of innovation.

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Maple Finance offering allows global investors to access US Treasury bills

Maple Finance, a crypto lending platform, has launched a new product — a Cash Management Pool to allow non-U. S. accredited investors and entities to access U. S. Treasury Bills. According to the April 19 announcement, the Cash Management Pool aims to simplify access to U.

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Crypto Lender Maple Finance Opens U.S. Treasury Bill Pool for Cash Management

Maple’s new lending pool offers accredited investors, crypto firms and DAO treasuries a way to earn yield on their idle stablecoin holdings by investing in one-month U.S. Treasury bills.

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Senator Warren Bitcoin mining tweet called ‘disinformation’ by crypto community

Several crypto stakeholders have described Senator Elizabeth Warren’s latest tweet about Bitcoin (BTC) mining activity as “disinformation. ” The Democrat senator had agreed with a New York Times report that Bitcoin mines were increasing energy bills for Americans and causing as much pollution as 3.

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Decoding the latest USDC update- Are USDT and DAI safer bets

Circle's new statement revealed that USDC was 100% collateralized with the majority of its holdings collateralized through U.S. treasury bills. Many investors sold their USDC, some, however, boThe post Decoding the latest USDC update- Are USDT and DAI safer bets appeared first on AMBCrypto.

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A Game Changer in Crypto Adoption? Binance Announces Prepaid Crypto Card in Brazil

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$4.5B Bitfinex Money-Laundering Accused Lands NY Tech Gig While Under House Arrest

Heather Morgan finds a new job to pay bills while under house arrest. The post $4.5B Bitfinex Money-Laundering Accused Lands NY Tech Gig While Under House Arrest appeared first on BeInCrypto.

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Kazakhstan Legislature Pushes New Crypto Rules Forward: Report

The lower house of the country's parliament has passed five bills relating to digital assets on the first reading as the government tightens its grip on crypto mining.

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Draft US stablecoin bill would ban new algo stablecoins for 2 years

It’s reported the bills' definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price.

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Crypto Market Forecast: Week of August 29th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, digital asset markets tank as Fed Chairman says significant interest rate rises are coming, progress on bipartisan crypto bills are paused because of upcoming US midterms, and Tether announces a new monthly reporting schedule.

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South Korea's Financial Watchdog to Expedite New Crypto Rules: Report

The head of the country's Financial Services Commission said 13 bills related to virtual assets are to be debated in parliament, a local news outlet reported.

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New York governor yet to commit to signing Bitcoin mining ban into law

“We’ll be looking at all the bills very, very closely. We have a lot of work to do over the next six months,” said Governor Hochul.

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Portugal Congress Party Disapproves The New Bill About Taxing Cryptocurrencies

The European country’s Parliament, the Assembleia da Republica, declined two bills levying cryptocurrencies. Portugal’s Finance Minister on Taxing Cryptocurrency Earlier this month, on May 13th, the country’s Minister of Finance, Fernando Medina, established that Portugal would soon commence cryptocurrency taxes.

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Turkey drafts new bills to increase regulatory oversight of crypto

Turkey is drafting new crypto laws that would introduce more regulatory oversight in the crypto market and possibly impose some transactions involving digital assets – as discussed by two officials on the matter.

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US Congress introduces record number of crypto related bills

The United States Congress has introduced over 80 new bills for consideration related to the crypto industry, so far, of which several have passed into law. The post US Congress introduces record number of crypto related bills appeared first on CryptoSlate.

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The UK Is Set To Promote Crypto Adoption And Crackdown On Ransomware Attacks Following Queen’s Speech

While regulatory uncertainty plagues crypto markets in developed economies, the UK looks set to turn this around. Following the “Queen’s Speech” to kick off the new parliamentary session, the UK plans to introduce 2 bills to allow for increased crypto adoption and measures to tackle ransomware attacks.

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Bitrefill Now Lets You Pay Your Bills, Taxes With Bitcoin

U.S. users can now pay their bills with bitcoin through Bitrefill’s new Bill Payments service, including taxes.

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Crypto wallet firm Ledger integrates tax solution to simplify reporting

The new tax integration aims to relieve crypto investors from having to manually calculate their tax bills.

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El Salvador’s Government Is Providing Legal Cover For The Novel Bitcoin Bonds By Creating 20 Bills For Them

El Salvador is forging ahead with the plans to launch bitcoin bonds. The new plans will involve the creation of new legislation to give legal backing to the bonds. The country first adopted Bitcoin as legal tender in September 2021 and has made significant strides.

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How Salvadorans Will Use Bitcoin To Pay For Their Bills: Bitrefill Launches Payment Service

Bitrefill, the startup that offers Bitcoin-funded prepaid cards for different services worldwide, launched a new bill-payment service that allows Salvadorans to pay for multiple basic needs using Bitcoin.

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Bitrefill Now Allows Salvadorans To Pay All Their Bills In Bitcoin

The optionality to pay in bitcoin increases as Bitrefill announces new service allowing El Salvadorans to pay for their bills in BTC.

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Bitrefill Now Allows El Salvadorans To Pay All Their Bills In Bitcoin

The optionality to pay in bitcoin increases as Bitrefill announces new service allowing El Salvadorans to pay for their bills in BTC.

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Digital Yuan Can Now Be Used to Pay for Electricity Bills

The digital Yuan can be touted as the most advanced central bank digital currency (CBDC) yet. After developing the state-backed cryptocurrency for years, China continues to add new sectors where residents can spend their digital money, and the latest seems to be electricity bills.

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Kentucky Governor Signs Two Bills to Provide Tax Breaks to Crypto Mining into Law

Two bills relating to the taxation of the commercial mining of cryptocurrency have been signed into law this week by the Kentucky governor. As per the bill, a new section of KRS 139 has been created, which defines various terms relating to commercial mining of cryptocurrency using blockchain technology and provide sales and use tax […] The post Kentucky Governor Signs Two Bills to Provide Tax Breaks to Crypto Mining into Law first appeared on BitcoinExchangeGuide.

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