Crypto bank Anchorage Digital has announced a partnership with stablecoin minting protocol M0 in order to expand its stablecoin issuance offerings. The first federally chartered crypto bank, Anchorage Digital, is seeking to become the primary source serving what it calls the “growing universe of stablecoin builders” as they look to mint and manage regulated stablecoins. The offering comes at a time when more and more fintechs, financial institutions, and payment providers are using digital dollars in their core products. Western Union, for example, recently launched its own stablecoin, USDPT. With stablecoins now regulated in the U.S. under the GENIUS Act, companies interested in issuing stablecoins face stringent compliance requirements. A…
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With new leadership and more financial giants entering crypto, the time for regulation is now says SEC Commissioner Hester Peirce (Photo: SEC)Clear crypto regulation urgent as big finance jumps in: SEC’s ‘Crypto Mom’
Securities and Exchange Commissioner Hester Pierce believes that giants such as Tesla and MasterCard using crypto make regulating this asset class urgent
Peirce pointed out that while “there have been calls for clarity for some time, a new administration brings the chance to take a fresh look, but it also is a moment where it seems others in the marketplace are also taking a fresh look.”
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Bitcoin used for ‘funny business’ and must be regulated globally: Lagarde
The ECB president says Bitcoin is being used for ‘totally reprehensible money laundering activity’ and calls for international efforts to clamp down on crypto
European Central Bank President Christine Lagarde has called for a global crackdown on the world’s biggest cryptocurrency—and said existing loopholes need to be closed. With the crypto markets surging in recent weeks, this serves as further evidence that central banks are scrutinizing BTC like never before.
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Gary Gensler at the SEC: Will he be a friend to the crypto industry?
Although he’s written passionately about digital assets in the past, he’s previously said that most cryptocurrencies sold through ICOs are securities
If appointed, his tenure at the SEC would likely be considerably different than Jay Clayton’s, whose legacy has been tainted by a considerable lack of regulatory certainty surrounding digital assets—much to the exasperation of the cryptocurrency innovators and investors, as well as some regulators like SEC Commissioner Hester “Crypto Mom” Peirce.
