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Bitcoin's Price Rally May Add to Inflation. Here's Why
The so-called wealth effect from unrealized crypto-market gains, which is estimated to be stronger than stocks, could boost consumer spending and inject demand-pull inflation into the U.S. economy.
Virginia Proposes a Mere $17,192 a Year for New Blockchain and Cryptocurrency Commission
The money is set to cover the costs associated with having meetings including travel expenses.
Sam Bankman-Fried's Sentence Might Be Lighter Than You'd Expect
Restitution paid to victims can be considered when sentencing, and judges in the Southern District of New York routinely impose shorter terms than guidelines suggest for white-collar cases.
U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan
USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.
Fed Chair Powell Told House Democrats U.S. Needs Stablecoin Bill: Politico
Powell also said a CBDC would need Congress' approval before the Federal Reserve will act.
Ripple Must Share Financial Statements Requested by SEC, Court Rules
The statements will help a judge determine if institutional sales of XRP after the SEC lawsuit was filed in 2020 broke securities law, the SEC said in its request.
U.S. Drilling Down on Crypto Miners' Energy Use Draws Ire From Community
The Energy Information Administration (EIA) is starting a survey to track the electricity consumption of crypto miners in the U.S.
Bitcoin Holds Above $40K Ahead of U.S. GDP, $5.8B Crypto Options Expiry
Traders have scaled back bets of aggressive rate cuts by the Federal Reserve ahead of the U.S. GDP report.
CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie to Add U.S. Arm
CoinShares said the decision is a direct result of the SEC's approval for spot bitcoin ETF listings.
Stablecoin Issuer Circle Internet Files for IPO
The number of shares to be offered and the price range for the proposed offering have not yet been determined.
