Coin Center Asserts Stablecoin Bill Threatens Free Speech Rights

The digital currency advocacy group Coin Center has strongly opposed the Lummis-Gillibrand Payment Stablecoin Act, saying it ‘would impermissibly infringe upon constitutional rights.’ The bipartisan bill, which has the support of Senators Kirsten Gillibrand and Cynthia Lummis, is meant to regulate the payment of stablecoins. The lobbying group Coin Center claims the bill’s prohibition on algorithmic stablecoins would be a violation of the First Amendment by targeting the code comprising

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Tether Launches USDT on Ton Blockchain, Giving the Stablecoin Access to Telegram Messaging Platform’s Userbase

Stablecoin issuer Tether (USDT) is launching its dollar-pegged asset over The Open Network (TON), giving it access to the user base of the popular messaging platform Telegram. In a new article, Tether says that it is launching both USDT and Tether Gold (XAUT), its gold-backed crypto asset, over the layer-1 protocol TON, bringing its total coverage to 15 blockchains. According to Tether, Telegram’s instant messaging system can be used to

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Top Crypto Exchange Binance Converts $1,000,000,000 Secure Asset Fund From Bitcoin and BNB to Stablecoin USDC

Binance has converted all of the crypto in its $1 billion emergency insurance fund into the stablecoin USDC. The top global crypto exchange established the “Secure Asset Fund for Users” (SAFU) in 2018 to protect Binance users from “extreme situations.” The fund has typically attempted to maintain a balance worth $1 billion, though fluctuating crypto prices have impacted the value of its holdings over the years. In late 2022, the

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Two US Senators Introduce New Bipartisan Stablecoin Legislation

Two US lawmakers unveiled on Wednesday a proposed legislation that will create a regulatory framework for payment stablecoins. In a statement, senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) say the bipartisan Lummis-Gillibrand Payment Stablecoin Act will protect consumers, enable innovation and promote the dominance of the U.S. dollar while preserving the dual banking system. “In order to meet the growing demand for our ever-evolving financial industry, we need to

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$1,300,000 Up for Grabs As Major US City Launches New Guaranteed Income Pilot Program

One of the biggest cities in the US is preparing to hand $1.3 million to families who are struggling to pay their bills. The cash will be given with no strings attached to lower income families who qualify in Austin, Texas, reports the ABC-affiliated news station KVUE. The city council approved the program on Thursday, and the sign up process is not yet up and running. This is the second

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Quant Analyst PlanB Predicts Bitcoin To Skyrocket by Over 4x – Here’s the Timeline

Closely followed quant analyst PlanB is predicting that the cycle top for Bitcoin (BTC) will be more than 4x the current value. The pseudonymous analyst tells his 1.9 million followers on the social media platform X that Bitcoin could put up massive gains after the April 19th halving event based on historic precedence. He believes the halving event, when miners’ rewards are cut in half, will once again be a

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$930,000,000,000 Wave of Debt Descending on US Banks As Hope for Interest Rate Reversal Fades: Former IMF Deputy Director

An IMF insider is warning of another US banking crisis amid hot inflation, dwindling hope of interest rate cuts from the Fed and fears of mounting crisis in the real estate market. Writing for the American Enterprise Institute where he’s a senior fellow, former IMF Deputy Director Desmond Lachman notes that regional banks are dangerously exposed to commercial real estate (CRE) loans – a sector ravaged by the increase in

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Crypto Trader Behind $110,000,000 Mango Markets Exploit Convicted on Fraud Charges

A jury has unanimously found the trader behind the $110 million exploit of Solana (SOL)-based decentralized finance (DeFi) trading platform Mango Markets guilty in the first-ever cryptocurrency market manipulation case in the US. In a statement, the Department of Justice says that Avraham Eisenberg was convicted of commodities fraud, commodities market manipulation and wire fraud in connection with the trading scheme that left Mango Markets insolvent and users unable to

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Cardano Price Eyes $0.81 High as MVRV Ratio Signals Potential Rebound

The pre-halving consolidation in Bitcoin continues to drive a sideways action in top altcoins including Cardano. The daily chart projecting candles with short-bodied and higher wicks indicates no clear dominance from buyers or sellers. However, the ADA price hovering above the confluence of key support indicates the asset is well positioned for a bullish bounce. Also Read: Cardano’s Charles Hoskinson Fumes As RFK Jr’s Family Backs Joe Biden Cardano Price

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$1 Milestone In Sight After Bitcoin Halving?

Gala price forecast: Gala, the cryptocurrency that powers Gala Games, has experienced a significant increase in value over the last day. This rise saw the token surpass the $0.044 mark, with an increase exceeding 8%. Currently, the Gala price is at $0.04476, indicating a strong upward trend on the chart. Gala Price Forecast: Resistance Break Could Pave Way for New Heights The altcoin Gala began its day with steady trading,

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