Senator Mike Flood hopes to pass the bill in order to make Nebraska a financial technology hub and create new jobs.
Quick Take
- A controversial legislative proposal for the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act was recently announced by members of Congress, which could have extensive implications for digital assets if the bill were signed into law.
- Our two-part series examines the STABLE Act Discussion Draft, those endorsing the potential legislation, reactions from the digital assets community, what the bill could mean for node operators, and more.
- This piece, Part II, starts with an overview of the STABLE Act’s proposed disclosure requirements and standards related to stablecoin products and service providers, such as node operators. We then review some reactions from the digital assets community, before concluding with a look at what potentially comes next?
Crypto financial services firm BlockFi has launched an over-the-counter (OTC) trading desk for institutional investors.
The post BlockFi launches OTC trading desk for institutional crypto investors appeared first on The Block.
Options traders look to be preparing for further falls in bitcoin’s price in the short-term, according to put-call skew data.
Craig Wright, the self-proclaimed creator of bitcoin, has sent legal notices to two websites to take down the Bitcoin whitepaper.
The post Craig Wright’s lawyers ask two websites to take down the Bitcoin whitepaper appeared first on The Block.
The open-source project said it would not comply with Wright’s demand to take down its copy of the iconic founding document.
Former Ripple advisor Michael Barr is reportedly expected to head the Office of the Comptroller of the Currency (OCC) under Joe Biden’s administration.
The post Former Ripple advisor Michael Barr to head OCC: Report appeared first on The Block.
The Wall Street Journal is reporting former Treasury official Michael Barr will replace Brian Brooks as Comptroller of the Currency.
Quick Take
- Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online.
- Data suggests this is actually happening — but prominent crypto traders aren’t exactly sure what’s driving it.
Crypto advocates, fiercely opposed both the proposed rule and the initial attempt by the previous administration to rush it through.
