Coinbase’s vice president of tax, Lawrence Zlatkin, testified before the House Ways and Means Committee on June 9, asking lawmakers to stop requiring Americans to calculate capital gains every time they spend a stablecoin or pay a blockchain transaction fee. His testimony came during a hearing on six standalone bills aimed at updating how the […]
Popular crypto analyst EGRAG CRYPTO has claimed that banks are fighting stablecoins not because they are risky, but because they allow people to hold, move, and potentially earn returns on dollars without relying on traditional bank deposits. His sentiment comes as US lawmakers continue to negotiate crypto legislation and stablecoin rules, while banks and digital […]
The Senate Banking Committee voted 15-9 on Thursday to move forward on the CLARITY Act, a crypto market structure proposal that has been the subject of debate for a while now. Nevertheless, just ahead of the vote, the Bank Policy Institute (BPI) put out a series of tweets on X about illicit crypto flows hitting […]
The Solana Foundation has partnered with Google Cloud to launch Pay.sh, a platform that allows AI agents to use and pay for API services using stablecoins on Solana. The two built the payment gateway service to solve a common problem in software development, where even advanced AI systems still need human intervention to create accounts, […]
The leading stablecoin issuer has released its attestation report for the first quarter of 2026, revealing a net profit of more than $1 billion. The company was able to generate such profit despite broader volatility and unstable market conditions. This development comes as stablecoins evolve into major dollar infrastructure globally, especially in markets with limited […]
Just hours before attending another event in the White House from which he had to be evacuated after multiple gunshots were heard, US President Donald Trump delivered a 45-minute keynote speech at his own meme coin gathering at Mar-a-Lago. According to attendees cited by several journalists, he spoke about several major hot topics, including the […]
The Solana blockchain processed about $650 billion in stablecoin transactions in February 2026, setting a new monthly record, according to The Kobeissi Letter. That spike placed stablecoin activity far above traditional benchmarks, with monthly volumes now approaching $2 trillion and outpacing CME gold future trading by a wide margin. Solana Leads Record-Breaking Surge in Stablecoin […]
Crypto and bank representatives convened again on Capitol Hill this week to review the latest legislative text outlining a compromise between the two groups after months of discussions. The meeting continues previous talks on whether the former should be allowed to offer its customers rewards from their stablecoin holdings. Proposed Rules Will Allow For Activity […]
USR, an overcollateralized stablecoin natively backed by ETH and maintained by the Resolv protocol, lost its peg on March 22 after an attacker minted millions of unbacked tokens and reportedly extracted at least $25 million. Here’s how the incident went down, according to blockchain analytics firm Chainalysis. Attacker Exploits Minting Key to Create $80M in […]
According to a survey of 351 institutional investors published by EY-Parthenon and Coinbase on March 18, three out of four institutional investors believe that crypto prices will go up over the next 12 months. The findings suggest that recent price drops have done more to tighten how large investors engage with crypto than to shake […]