A group of major labor unions is raising alarms about a Senate bill that could change how retirement savings are invested. The five unions, representing millions of workers, argue the bill would let cryptocurrencies into pension plans without enough safeguards. They warn that if crypto values crash,
Two Democratic senators from Arizona and California are caught in the middle of a tricky debate over cryptocurrency regulations and ethics. Senators Ruben Gallego and Adam Schiff have both received significant financial support from crypto-related groups, which adds pressure as they consider a new b
A new U. S. bill that would bring order to the wild world of digital money is set for a Senate hearing next week. The proposed law, known as the Clarity Act, aims to tell regulators exactly how they should treat crypto tokens—whether they are securities, commodities, or something else. If passed, it
The company behind Kraken wants to become a full-fledged federal bank just for cryptocurrency. They’ve asked regulators for a special trust charter, which would let them offer official custody services to big investors and businesses. If approved, this new Payward National Trust Company could keep d
Big investors won’t touch blockchain assets until the government sets solid rules. At a Miami tech conference, O’Leary said most Wall Street firms still see crypto as too risky because laws are unclear. Many banks are testing tokenization—turning stocks and bonds into digital tokens that trade inst
The CEO of Ripple, who runs the company that makes the digital currency XRP, told a gathering in Miami on Tuesday that he does not support only one crypto. He said the industry needs many different chains to thrive, and that a strong partnership with the XRP community is a great example of how peopl
Lawmakers are moving closer to setting clear rules for crypto, but not everyone agrees on what those rules should be. A new proposal aims to settle a fight between banks and crypto companies over rewards tied to stablecoins—digital money designed to keep a steady value. Under the plan, crypto firms
A new survey shows most U. S. voters don’t trust the Trump administration to regulate cryptocurrency, with 62% doubting its ability to handle the job fairly. This skepticism comes despite the White House’s big promises—like making America the “crypto capital of the world”—and its push for laws that
Government rules about paying interest on digital dollars—called stablecoins—just got a fresh rewrite that has crypto startups on edge. Two senators combined a push from banks with protection for real-world crypto use, but the new border between “useful rewards” and “bank-style deposits” is fuzzy. A
Alex Mashinsky, once the face of Celsius Network, has been barred from any crypto work after settling with the FTC for $10 million. The original court order had aimed at a staggering $4. 7 billion tied to the firm’s collapse, but most of that amount was suspended. Only a single payment and an indust
