Stablecoins could top $2 trillion by 2028, says Treasury Secretary Bessent as US moves to regulate sector
The US stablecoins market represents 96% of the global $247 billion market. The GENIUS Act cleared a key hurdle this week after passing a cloture vote in the US Senate.…
US Senate introduces bill seeking to regulate DeFi like traditional banks
The bill aims at ensuring DeFi protocol operating in the US imposes strict controls on their users. The controls proposed in the bill resemble those that apply to traditional banks.…
It is important to regulate crypto issuers and intermediaries, says Gensler
SEC chairman wants cryptocurrency companies to be regulated. The cryptocurrency market is compatible with securities laws, says Gensler The volatile and non-compliant nature of the market puts investors at risk,…
Don’t fight crypto, regulate it, says Binance’s Changpeng Zhao
Changpeng Zhao (CZ) has urged governments to regulate crypto instead of fighting it. CZ claims that most governments now understand how cryptocurrencies work. The adoption of cryptocurrencies will happen regardless,…