Washington, Feb 28 (IANS) US banking regulators defended sweeping efforts to recalibrate capital rules and formalise crypto oversight as senators clashed over Basel reforms, political “debanking” and consumer safeguards in a hearing with global implications for capital flows and digital finance.Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott said regulation must focus strictly on financial risk.“No law — no lawful business in Anderson, South Carolina or anywhere in…
Latest Stablecoins News & Updates
Washington, Feb 6 (IANS) The US Treasury is betting that stablecoins backed by government securities can strengthen the global role of the dollar, with Treasury Secretary Scott Bessent defending new legislation on digital assets before Congress.Testifying before the Senate Banking Committee, Bessent praised the GENIUS Act, which requires stablecoins to be backed by high-quality liquid assets such as US Treasuries.“This framework has the potential to expand dollar dominance, increase global dem…
Mumbai, Dec 28 (IANS) Bitcoin has seen a sharp pullback in 2025, sliding nearly 30 per cent from its record high levels as weak trading activity, technical breakdowns and continued selling by long-term holders kept prices under pressure. Despite the decline, improving regulation, growing institutional involvement and expanding blockchain adoption are keeping long-term optimism alive, with 2026 increasingly being seen as a potential turnaround year for the crypto market.Over the year, the crypto …