Coinbase urges the U.S. Treasury to respect congressional intent and allow stablecoin yields for non-issuers, while major banks push for a blanket ban across the ecosystem. Treasury Caught Between Crypto and Banking Lobbies The U.S. Department of the Treasury is facing mounting pressure from both crypto firms and traditional banks over how to interpret and implement the GENIUS Act — the landmark stablecoin legislation passed in July 2025. The law, designed to establish a federal framework for stablecoin payments, includes a prohibition on interest payments for payment stablecoins. But how far that restriction should extend is now the subject of…
Author: Blockto Team
The crypto exchange warns regulators against overreach, emphasizing that non-financial software and open-source protocols should remain outside the scope of the new stablecoin law. Coinbase Calls for Clarity on GENIUS Act Implementation Coinbase Global has called on the U.S. Treasury Department to ensure that upcoming rules for the GENIUS Act remain faithful to congressional intent, cautioning that excessive regulation could hinder innovation and the growth of the U.S. crypto industry. In a formal submission to the Treasury, Coinbase stressed that regulators should avoid expanding the law’s scope beyond what Congress authorized, particularly when it comes to software developers and blockchain…
DOGE maintains its structure within a rising channel, signaling potential accumulation despite short-term selling pressure. Dogecoin (DOGE) held its ground above the $0.16 support level during the latest trading sessions, as profit-taking pressure capped the meme coin’s early breakout attempts. The token’s ability to defend its ascending channel structure keeps the short-term outlook neutral-to-bullish, suggesting that buyers remain active around lower levels. Support Defense and Market ContextFollowing a recent test of the upper boundary near $0.17, DOGE saw increased selling volume, largely attributed to short-term traders securing profits after last week’s modest rally. Despite this, the coin continues to post…
Prediction markets show steep declines in confidence that the Court will uphold Trump’s sweeping trade authority under emergency powers law. Prediction Markets Turn Against Trump Traders on Kalshi and Polymarket — two of the world’s most-watched prediction platforms — are signaling waning confidence that the U.S. Supreme Court will side with President Donald Trump in his bid to preserve broad tariff powers under a 1977 emergency statute. As of Thursday, Kalshi traders assigned just a 29% probability that the Court will back Trump — a 28-point drop in one day. On Polymarket, which settles trades in USDC ($1), the odds…
With STRC trading at $100, Strategy may unlock $4.2 billion in new share sales to buy more Bitcoin through its at-the-market program. Saylor’s Next Move Toward More Bitcoin Strategy (MSTR) Executive Chairman Michael Saylor appears poised to take another step in his long-running plan to accumulate Bitcoin, as the company’s perpetual preferred share, STRC, has reached par value for the first time. The STRC share hit a record high of $100.10 on trading volume of 1 million shares, marking a key milestone that could reactivate the company’s at-the-market (ATM) offering tied to the instrument — effectively opening a new pathway…
Top decentralized finance projects form the Ethereum Protocol Advocacy Alliance to ensure onchain innovation is better represented in Washington. Ethereum Protocol Advocacy Alliance Takes Shape Major Ethereum-based DeFi protocols have launched a new coalition, the Ethereum Protocol Advocacy Alliance (EPAA), to educate U.S. policymakers and counter the growing influence of centralized crypto firms on regulation. The initiative, announced Tuesday, aims to ensure that decentralized systems and open protocols receive fair representation in future crypto-related legislation. In its statement, the EPAA said that centralized players have exerted “outsized influence” in shaping policy debates, leaving “the principles and technologies underpinning onchain infrastructure…
The initiative marks one of the first collaborations where a regulated U.S. bank settles traditional card payments through a regulated stablecoin on a public blockchain. Mastercard, Ripple, and Gemini Join Forces for Blockchain-Based Payments Mastercard is collaborating with Ripple and Gemini to explore using RLUSD, a regulated stablecoin on the XRP Ledger (XRPL), for settling fiat card transactions, the companies announced on Wednesday. According to the joint statement, “this will mark one of the first collaborations where a regulated U.S. bank settles traditional card transactions using a regulated stablecoin on a public blockchain.” The move represents a major step toward…
A federal appeals court determined that the FBI cannot be blamed for wiping a drive allegedly holding 3,400 Bitcoin, as the convicted owner failed to disclose his crypto holdings. FBI Cleared of Responsibility in Bitcoin Hard Drive Case A U.S. federal appeals court has ruled that the Federal Bureau of Investigation (FBI) is not at fault for erasing a hard drive that reportedly contained more than 3,400 Bitcoin, now valued at over $345 million. The court found that the drive’s owner, Michael Prime, failed to inform authorities that he possessed such assets at the time of his conviction. Prime, who…
Institutional investors pull billions from Bitcoin and Ether ETFs, while Solana funds extend their winning streak to a seventh straight day. Bitcoin ETFs Face Heavy Withdrawals U.S. spot Bitcoin exchange-traded funds (ETFs) have seen over $2 billion in outflows over the past week, marking their second-largest withdrawal streak on record, according to Farside data. On Wednesday, Bitcoin ETFs logged $137 million in redemptions, extending a six-day run of net outflows that began on October 29. The heaviest day came on Tuesday, when investors pulled $566 million, following consecutive sessions of $470 million, $488 million, and $191 million in withdrawals. The…
Jan3 founder believes fears of Bitcoin OGs selling are exaggerated and that the real bull market could push prices far beyond current levels. Bitcoin Bull Run Yet to Start, Says Samson Mow Bitcoin’s recent pullback below $100,000 has sparked renewed debate among traders, but Jan3 founder Samson Mow insists that the Bitcoin bull run hasn’t even begun. Speaking earlier this week, Mow said that the current price movement is only “marginally outperforming inflation,” suggesting that the market’s real upside potential remains untapped. As of Wednesday, Bitcoin (BTC) traded around $103,148, after dipping to $99,607, according to market data. Analysts attributed…