ABA Challenges White House Report On Stablecoins, Flags Major Concerns
The American Bankers Association (ABA) is pushing back against the White House Council of Economic Advisers (CEA) stablecoin report tied to the long-awaited CLARITY Act, arguing that the debate is being framed in a way that misses the real policy risk. The ABA’s objection centers on the CEA’s analysis of stablecoin rewards—specifically, the idea that […]
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Ripple has been listed alongside major firms as those who donated to a White House project. This comes as XRP rebounds, recording significant gains today. Ripple Among Big Tech Firms That Donate To White House Project XRP influencer Pumpius shared in an X post the private donor list of U.S. President Donald Trump’s new White […]
Are stablecoins in the sights of U.S. regulators? The decline of Terra Luna and it’s UST (and correlating LUNA) token earlier this year brought along plenty of fanfare. It’s full damage and implications, however, have clearly yet to be established; a new draft of a U.S. House bill is proposing a two-year ban on stablecoins similar to Terra’s UST stablecoin. UST depegged and caused major ripples throughout defi earlier this year. Let’s look at what the legislation could potentially bring to the market. Stablecoins Under Scrutiny? According to a report from Bloomberg,....
Per a report from the Wall Street Journal, giants Amazon and Walmart are looking into launching their own digital assets. According to the report, the merchants might issue in-house stablecoins to save billions of dollars on fees and payment transactions. Related Reading: Bitcoin Shows Strength, But Binance Open Interest Divergence Flags Caution The report stated: […]
For decades, the White House has represented the people of the United States and our democratic values. Until now, the public could only dream of owning a physical White House replica for their home. But now, you can own a piece of history—and home decor—via an NFT, powered by Next Earth. Who Owns a Piece […]