Bitcoin24h $85,119.98+0.61%

Ethereum24h $1,614.74+1.35%

XRP24h $2.09+0.28%

BNB24h $590.55-0.81%

Solana24h $138.58+3.45%

Dogecoin24h $0.1572-0.58%

TRON24h $0.2418+0.19%

Cardano24h $0.6256-0.18%

UNUS SED LEO24h $9.31+0.77%

Chainlink24h $12.94+2.56%

FedNow is coming next year and the feds hope it’s a crypto killer

When the Federal Reserve launches FedNow in July, it will supplant most blockchains with cheap, reliable, instant, irreversible settlements.

Central banks playing catch-up in bid to influence stablecoin legislation

The European Central Bank and the Bank for International Settlements both say stablecoins pose a potential threat to financial stability.

The SEC says the new proposal will give it greater regulatory oversight, allow it to better assess risk, and protect investors.

Once the crypto ATMs are up and running, Japanese traders will be able to convert and withdraw bitcoin, ether, bitcoin cash, and litecoin.

A new senate bill would see the CFTC regulate crypto instead of the SEC, amid a petition to oust Gary Gensler as chairman.