On June 25, 2023, the Federal Housing Finance Agency (FHFA), headed by Director Willian J. Pulte, took a groundbreaking step by allowing Fannie Mae and Freddie Mac to recognize cryptocurrency reserves as eligible assets for measuring risk on single-family mortgage loans. This decision is not merely a nod to a growing technological trend but a
Regulation
In a rapidly evolving digital landscape, the release of a seven-point framework by the Senate Banking Committee represents not just a regulatory shift, but a potential keystone for the American economy. An increasing number of Americans—over 52 million—are now involved in digital assets, marking a significant cultural and economic shift toward decentralized finance. The committee’s
In a significant and audacious move, Texas has positioned itself as a pioneer in cryptocurrency management. With the recent signing of Senate Bill 21 by Governor Greg Abbott, the state will be permitted to build its own Bitcoin reserve, funded by taxpayer dollars. This development not only sets Texas apart from federal directives but also
Recently, Ripple’s bold presentation of its four-point policy framework in London rang a clarion call for the UK’s ambitions in the cryptocurrency sector. This initiative is not merely an attempt to make headlines; it’s a strategic thrust, urging British regulators to act swiftly in creating a conducive environment for crypto innovation. In light of the
Circle’s recent surge in share price by an astonishing 34% to close at $199.59 on June 18 marks a pivotal moment not just for the company but for the entire cryptocurrency market. This explosion in value follows the enactment of the GENIUS Act by the Senate, paving the way for regulatory clarity in the stablecoin
In a move that underscores the protracted nature of their legal entanglement, Ripple and the U.S. Securities and Exchange Commission (SEC) have joined forces once again, filing a joint request that could finally lift the shadow of litigation that has loomed over the cryptocurrency firm for over three years. As both parties navigate the complex
In what can only be described as a dramatic pivot, the US Securities and Exchange Commission (SEC) has retracted 14 proposed regulatory maneuvers, including significant measures aimed squarely at the cryptocurrency sector. This decision, announced on June 12, highlights a refreshing re-calibration of the agency’s regulatory framework—one that seemed overly zealous under previous leadership. The
In a striking turn of events, Ripple’s stablecoin, RLUSD, has experienced a groundbreaking expansion of 29% in its circulating supply as of June 8, marking both a numerical and symbolic milestone. With an additional $72.5 million injected into the market, RLUSD has surpassed the $300 million threshold for the first time, closing at a robust
OpenSea’s tangible resurgence in user activity, particularly following the launch of its OS2 platform, has ignited a flicker of hope for the beleaguered NFT market. The metrics tell a story of revival: a staggering 44% increase in monthly active users, surging to 467,000 in May. This uptick marks the platform’s most significant growth in over
The appointment of Michelle “Miki” Bowman as the Vice Chair for Supervision at the Federal Reserve cannot be dismissed as mere bureaucratic footnotes. This confirmation, passed by a razor-thin margin of 48-46, is a clear indication of a shift towards fostering responsible innovation within one of the most dynamic sectors of the economy—digital assets. Senator