Financial institutions are racing to get into stablecoins as the Genius Act makes its way toward POTUS Trump’s desk.
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The bill would require tokens to be backed by liquid assets including the US dollar and short-term Treasury bills.
The firm, which offers six digital assets ETFs, announced a new global product leadership team earlier this year.
It’s been a sweet-and-sour first half for the markets, but advisors expect the second half to be a whole lot tastier.
This is Circle’s second attempt at going public, after its reverse SPAC in 2022 sputtered under regulatory scrutiny.
Most children of HNW clients plan to switch advisors within two years of an inheritance.
The regulator nixed Biden-era guidance that discouraged 401(k) plans from including crypto and other digital assets.
Square parent Block said it’ll start supporting bitcoin later this year, reaching all 4 million of its sellers by next year.
Soft US inflation numbers released last week and a de-escalation of global trade tensions are likely contributing to bitcoin’s rebound.
The SEC may walk back accredited investor standards and press forward on crypto regulation with a much smaller staff.
Little bitcoin remains to be mined, and the fixed supply may help prices to double this year, according to one firm’s target.
Spot ETFs are a sign that a cryptocurrency is earning a place in traditional investing. Futures are a start.
Crypto is unlike traditional assets, and regulators are trying to sort out how broker-dealers and investment advisors can safeguard it.
Expect less attention on Wall Street firms and more on greenlighting alt products with Chairman Paul Atkins leading the agency, experts said.
The new venture, dubbed Twenty One, will go public via a Cantor-owned special purpose acquisition company (SPAC).
Investors are increasingly hoarding gold and bitcoin as conventional safe havens in US bonds and the dollar have come up short.