# Policy Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Policy", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

ABA Challenges White House Report On Stablecoins, Flags Major Concerns

The American Bankers Association (ABA) is challenging a White House Council of Economic Advisers (CEA) report on stablecoins, arguing it misrepresents the core policy risks. The ABA contends the report focuses incorrectly on the minor near-term lending effects of prohibiting yield on payment stablecoins, which it deems a "rounding error." Instead, the ABA emphasizes the real concern is the potential consequence of allowing yield, which could accelerate deposit flight—especially from community banks—as the stablecoin market grows from $300 billion to a projected $1–$2 trillion. This migration could raise banks' funding costs and significantly reduce local lending, with state-level impacts potentially reaching billions of dollars. The association warns policymakers against complacency, urging them to address the risks of an expanding yield-paying stablecoin ecosystem.

bitcoinistIeri 14:03

ABA Challenges White House Report On Stablecoins, Flags Major Concerns

bitcoinistIeri 14:03

Crypto Gains Ally As Former CFTC Chair Becomes Full-Time Adviser

Former CFTC Chairman Chris Giancarlo, known as "Crypto Dad," has retired from legal practice to work full-time as an adviser in the cryptocurrency and fintech sectors. He will focus on advising founders, CEOs, and boards, along with policy research and nonprofit work. Giancarlo, who served as CFTC commissioner and later chairman, played a key role in approving the first Bitcoin futures markets in the U.S. He has been a vocal advocate for clear crypto regulations rather than restrictive policies. His move follows a trend of senior regulators transitioning into the industry, similar to Caroline Pham’s shift to MoonPay last year. Giancarlo believes current regulators have sufficient authority to bring structure to crypto, though he acknowledges that regulatory uncertainty continues to hinder broader banking involvement.

bitcoinistIeri 08:02

Crypto Gains Ally As Former CFTC Chair Becomes Full-Time Adviser

bitcoinistIeri 08:02

The First Fed Chair with Crypto Holdings? Kevin Warsh Discloses at Least 20 Crypto Investments Including Solana and dYdX

Kevin Warsh, a former Federal Reserve governor and nominee for Fed Chair, has disclosed at least 20 cryptocurrency-related investments in a 69-page financial filing submitted to the U.S. Office of Government Ethics. The disclosure, required ahead of his Senate confirmation hearing, reveals indirect holdings in major crypto projects including Solana, dYdX, Optimism, Polychain Capital, Dapper Labs, and Lightning Network, among others. These investments are held through various venture funds and special purpose vehicles. Warsh and his wife, Jane Lauder, have a combined net worth of at least $192 million. While the crypto holdings are described as small, risk-focused positions, they span multiple sectors: L1 and L2 blockchains, DeFi protocols, NFT platforms, payment systems, and AI-integrated chains. Warsh has publicly endorsed Bitcoin in the past, calling it “a very good police for policy” and “the new gold for those under 40.” If confirmed, he would become the first Fed Chair with direct exposure to crypto venture investments. His confirmation hearing is scheduled for April 21, though political opposition remains a potential hurdle.

marsbitIeri 04:31

The First Fed Chair with Crypto Holdings? Kevin Warsh Discloses at Least 20 Crypto Investments Including Solana and dYdX

marsbitIeri 04:31

Crypto Traders On Alert: Is CLARITY The Last Chance To Protect Stablecoin Yield?

A U.S. Senator is preparing to release a compromise draft of the CLARITY Act to resolve the ongoing dispute over stablecoin yields. The key issue is whether crypto firms can pay interest on idle stablecoin holdings, which banks oppose as it competes with traditional deposits. The draft aims to distinguish between prohibited passive yield and permitted activity-based rewards. This legislation will significantly impact stablecoin yields, liquidity, and where traders hold their capital, potentially affecting competition with foreign digital currencies and offshore platforms.

bitcoinistIeri 20:06

Crypto Traders On Alert: Is CLARITY The Last Chance To Protect Stablecoin Yield?

bitcoinistIeri 20:06

South Korea Urges Crypto Circuit Breakers After $42B Bithumb Mishap

South Korea's central bank has recommended implementing cryptocurrency exchange "circuit breakers" following a major incident on Bithumb. In February, the exchange erroneously distributed 620,000 Bitcoin (worth approximately $42 billion) to customers instead of the intended 620,000 Korean won (about $400). This triggered panic selling, causing Bitcoin's price on the platform to plummet. Although Bithumb quickly halted trading and reversed the transactions, nearly $125 million in Bitcoin had already been sold. The Bank of Korea's report emphasizes that the crypto sector lacks the stringent internal controls of traditional finance and calls for mandatory systems to detect and prevent such human errors and discrepancies in asset records. This proposal is part of broader legislative moves in South Korea to enhance the security and transparency of virtual asset exchanges.

TheNewsCrypto2 giorni fa 21:40

South Korea Urges Crypto Circuit Breakers After $42B Bithumb Mishap

TheNewsCrypto2 giorni fa 21:40

The White House Did the Math: How Much More Could Banks Lend If Stablecoin Interest Is Banned?

The White House Council of Economic Advisers (CEA) refuted a previous claim that interest-bearing stablecoins could reduce bank lending by $1.5 trillion, estimating the actual impact at just $2.1 billion—nearly 700 times smaller. The key argument centers on where stablecoin reserves are allocated. Most major issuers, like Tether and Circle, hold the majority of reserves in U.S. Treasuries and repurchase agreements, not bank deposits. Only a small portion (around 12% for USDC) is held in bank deposits subject to 100% reserve requirements—the only scenario that meaningfully reduces bank lending capacity. Even if a ban on stablecoin interest payments drove an estimated $54.4 billion back to banks, only 12% of that would affect lending capacity. After accounting for reserve requirements and banks’ existing excess liquidity, the net increase in lending would be minimal. The report also highlights negative side effects: an $800 million annual welfare loss for stablecoin holders and potential reduced foreign demand for U.S. Treasuries, which could raise borrowing costs. The cost-benefit ratio of an interest ban is estimated at 6.6, making it an inefficient policy with clear costs and uncertain benefits.

marsbit04/13 09:52

The White House Did the Math: How Much More Could Banks Lend If Stablecoin Interest Is Banned?

marsbit04/13 09:52

‘Last Chance’: US Crypto Policy Hits Critical Deadline, Senator Says

US Senator Cynthia Lummis has warned that the current legislative session is the "last chance until at least 2030" to pass the CLARITY Act, a key piece of market-structure legislation for digital assets. The bill, which aims to provide clear regulatory rules for the crypto industry, faces a critical deadline as November midterm elections threaten to shift congressional priorities. Industry leaders, including Coinbase's Paul Grewal and Brian Armstrong, and a16z Crypto's Chris Dixon, are pushing for its passage, arguing that regulatory clarity will boost innovation and consumer protection. However, a major obstacle remains: a dispute over how to handle stablecoin yield. Despite growing support from companies and some regulators, this unresolved issue could prevent the bill from advancing. The act is seen as a test of Washington's ability to establish crypto regulations before the political window closes.

bitcoinist04/12 22:01

‘Last Chance’: US Crypto Policy Hits Critical Deadline, Senator Says

bitcoinist04/12 22:01

Circle defends USDC freeze policy after Drift exploit, calls for faster legal frameworks

Circle has responded to criticism regarding its handling of illicit funds, particularly after the Drift Protocol exploit where over $270 million was drained. The company stated that it cannot freeze USDC assets without legal authorization from relevant authorities, emphasizing that freezing is a legal obligation, not a discretionary action. This follows a report alleging $420 million in compliance lapses due to delayed or absent freezes, including $230 million in USDC during the Drift incident. Circle argues that the mismatch between blockchain speed and legal processes creates structural gaps exploited by bad actors. The company calls for updated legal frameworks, such as the GENIUS and CLARITY Acts, to enable faster intervention while preserving due process and property rights.

ambcrypto04/10 15:47

Circle defends USDC freeze policy after Drift exploit, calls for faster legal frameworks

ambcrypto04/10 15:47

Node Count Drops 70%, This Time Solana Is in a Hurry

Solana's validator count has dropped by 70% from its peak of 2,560 in March 2023 to around 756, accompanied by a 35% decrease in its Nakamoto coefficient, indicating increased centralization. This decline is largely due to the phasing out of the Solana Foundation Delegation Program (SFDP), which previously subsidized smaller validators. Many of these validators were economically unviable without support, controlling only 19% of the total stake, while larger nodes held over 80%. In response, Solana is implementing a new validator policy effective May 1, focusing on infrastructure decentralization. The policy imposes limits: no single Autonomous System Number (ASN) can host more than 25% of staked SOL, and no single data center can exceed 15%. It also enforces stricter performance rules, including faster transaction processing and anti-censorship measures, to improve network reliability and security. Critics, like node operator Chainflow, argue that the rules may unfairly penalize competent smaller validators based on their hosting location rather than performance, potentially forcing them into less reliable infrastructure and accelerating their decline. Amid ambitions to become a "Nasdaq on-chain" for global capital markets, Solana trails Ethereum and BNB Chain in real-world asset (RWA) value but leads in user activity. The network's upgrades aim to enhance stability and reduce finality times, competing with Ethereum's efforts to scale and decentralize further. The success of Solana's new policies is crucial for gaining institutional trust and competing effectively in the evolving blockchain landscape.

marsbit04/10 04:08

Node Count Drops 70%, This Time Solana Is in a Hurry

marsbit04/10 04:08

Not A Threat: Stablecoin Yield Won’t Harm Banks, White House Economists Say

In a positive development for crypto, a White House economic study by the Council of Economic Advisers (CEA) concludes that prohibiting stablecoin yield would have a negligible impact on bank lending, particularly for community banks. The study, addressing a key debate around bills like the GENIUS Act, found that eliminating yield would boost overall bank lending by only $2.1 billion, a mere 0.02% increase. Even under worst-case assumptions requiring implausible conditions like a sixfold growth in stablecoins, the increase would be moderate. The report contradicts banking industry claims that yield-bearing stablecoins could trigger massive deposit flight, arguing a yield prohibition would do little to protect lending while denying consumers competitive returns. It also highlights that regulatory uncertainty harms banks more than the crypto industry, as it prevents investment in new technology.

bitcoinist04/09 11:06

Not A Threat: Stablecoin Yield Won’t Harm Banks, White House Economists Say

bitcoinist04/09 11:06