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Republican lawmakers are pressing forward with the long-awaited GENIUS Act, a landmark bill aimed at establishing a federal regulatory framework for stablecoins, as it heads to a floor vote in the House on Thursday—despite mounting objections from Democratic members. The bill, formally known as the Guaranteed Essential Neutrality in the Issuance of Stablecoins (GENIUS) Act, seeks to clarify the roles …

The rollout of Russia’s central bank digital currency (CBDC), the digital ruble, may be postponed until 2027, according to comments from a prominent Russian economist. The delay could signal broader challenges in the country’s efforts to modernize its financial infrastructure amid shifting geopolitical and economic conditions. Speaking to Russian media, economist Vladislav Ginko noted that although the Central Bank of …

Rep. Maxine Waters (D-CA), the Ranking Member of the House Financial Services Committee, has announced her intention to object to an upcoming congressional hearing focused on cryptocurrency policy, signaling continued partisan division over how the U.S. should regulate the digital asset industry. The hearing, scheduled by the Republican-led committee, is expected to explore various legislative proposals aimed at establishing a …

KuCoin, one of the world’s largest cryptocurrency exchanges, is experiencing a significant crisis of confidence as its Bitcoin (BTC) reserves have reportedly plummeted by 77% over recent weeks. According to on-chain data, more than 14,000 BTC—worth hundreds of millions of dollars—have been withdrawn from the platform, raising concerns about the exchange’s liquidity and solvency. The mass outflow follows heightened regulatory …

In a bold legal counteroffensive, developers behind the privacy-focused Samourai Wallet have accused the U.S. federal government of suppressing guidance that could have cleared them of wrongdoing related to their crypto mixing technology. The allegations come amid a growing legal battle following the arrest of Samourai Wallet developers Keonne Rodriguez and William Hill, who face charges for allegedly operating an …