Stablecoins Are Not Your Friends
Stablecoins are often pitched as a stopgap method, or a friendly tool for people in the developing world who cannot handle the volatility of Bitcoin. They are framed as something…
Ripple CEO Loses Bank Account, Russia’s New Crypto Law, and More — Week in Review
Ripple CEO loses his long-term bank account, Russia publishes new crypto law, BRICS payment system aims to be a SWIFT substitute, and more in this Week in Review. Week in…
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Tokenized US Treasuries Climb by $210M Since Crossing the $2 Billion Mark
Since surpassing the $2 billion milestone in tokenized U.S. Treasuries at the end of August, the sector has added another $210 million. The Blackrock USD Institutional Digital Liquidity Fund (BUIDL)…
FinCEN Proposes Insane Special Measures
Yesterday’s FinCEN rule proposal is incredibly overbroad, comprehensive, and perfectly designed to allow arbitrary information collection at any scope they choose to enforce. It truly is a mind-blowingly large grab…
US Treasury And IRS Propose Regulations On Bitcoin & Crypto Transactions By Brokers
Today, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) have jointly announced a set of proposed regulations focusing on the sale and exchange of digital assets…
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FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds
The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday,…
U.S. Treasury, FDIC And Federal Reserve Will Guarantee All Deposits At SVB, Signature Bank In Unprecedented Move
A joint statement ensured that all customer deposits at the respective banks will be honored by the federal government. The U.S. Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation…
U.S. Treasury Introduces CBDC Working Group, Discusses Potential Routes For Digital Dollar
The Treasury’s statements explore the potential forms and implementations of an American CBDC. The U.S. Department of the Treasury has released comments from Undersecretary for Domestic Finance Nellie Liang on…
Is Bitcoin The Answer To A Failing Treasury Market?
The state of the Treasury market isn’t looking great. With Japan, Russia and China dumping U.S. bonds, the question remains: Who will buy our debt? This is a transcribed excerpt…
The War On Financial Privacy Is Escalating
The stakes have never been higher. The state is losing its grasp of control over the people and it is doubling down on utter incompetence and nefariousness. The below is…