Passive stablecoin yields are off the table: the crypto industry loses the yield war against the banking lobby in the CLARITY Act.
Legal & Compliance
The Swiss Bankers Association demands direct stablecoin issuance rights for banks in its official position on the planned FinIA amendment.
The EU’s 20th sanctions package proposes a complete ban on all crypto transactions with Russian service providers.
US banking groups block Fed crypto access: Associations demand delays for payment accounts while stablecoin firms want access.
China tightens its crypto ban: Eight authorities prohibit yuan stablecoins and RWA tokenization with immediate effect.
White House meeting on stablecoin yield ends without agreement: banks and crypto industry continue to clash over the CLARITY Act.
The White House mediates stalled CLARITY Act negotiations between the crypto industry and banks ahead of a February 2 meeting.
The US Senate introduces counter-proposal to the Clarity Act. The Digital Commodity Intermediaries Act grants the CFTC primary crypto oversight.
Coinbase withdraws support for CLARITY Act. Banking lobby fights stablecoin yields and the Senate postpones the vote.
Russia prepares law granting retail investors access to the crypto market. Trading limit of 300k rubles, implementation planned by July.
US Senate plans decisive vote on comprehensive crypto legislation – disputes over DeFi, stablecoins, and ethics remain unresolved.
PwC strengthens its presence in the crypto sector following the US regulatory shift. CEO Paul Griggs confirmed the strategic realignment.
US Congress drafts safe harbor rules for small stablecoin payments and deferred taxation of staking rewards.
A class action lawsuit accuses the memecoin platform Pump.fun and the Solana ecosystem of operating an illegal digital casino.
The US Securities and Exchange Commission (SEC) has dropped its investigation into leading DeFi protocol Aave after four years.
PayPal has applied to the FDIC and the Utah Department of Financial Institutions to establish a Utah-chartered industrial bank.
PayFi connects blockchain with traditional payment systems for faster, cheaper transactions in e-commerce, remittances, and DeFi.
While Bitcoin has long been the “gold standard” of the crypto world, institutional investors are increasingly betting on Ethereum.
