Cryptocurrency

• Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) announced a tentative agreement with White House officials Friday on cryptocurrency legislation addressing the clash between banks and digital asset firms over stablecoin yield payments. • The agreement aims to bar yield payments 'on a passive balance' to prevent deposit flight from traditional bank accounts to cryptocurrency platforms, addressing Wall Street concerns about customer capital migration. • The breakthrough could unblock landmark crypto regulatory legislation stalled in Senate Banking Committee since January and represents potential progress toward comprehensive digital asset framework.

Cryptocurrency’s biggest Pac spent more than $10m for their candidates, only to be defeated by those who are anti-cryptoSign up for the Breaking News US email to get newsletter alerts in your inboxThe cryptocurrency industry spent big and lost often in this week’s Illinois primaries.As the industry prepares to make massive donations in the 2026 midterm elections to replicate its success in 2024, the Illinois losses mark an early setback for firms that are trying to establish themselves as power players in American politics. Continue reading...

SEC now classifies crypto into five categories, with securities laws only applicable to one: digital securitiesThe US Securities and Exchange Commission (SEC) on Tuesday issued an interpretation clarifying which types of cryptocurrencies are considered securities and how a “non-security” digital asset could meet certain conditions to become an investment contract.The SEC’s new interpretation – which the US Commodity Futures Trading Commission also joined – classifies crypto tokens into five categories: digital commodities, digital collectibles, digital tools, stablecoins and digital securities, with the agency specifying that federal securities laws only apply to digital securities. Continue reading...