Trump says “the GENIUS Act is being threatened and undermined by the banks”, which are holding the CLARITY Act hostage, as they oppose stablecoin yield payouts
U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.
Sources: President Trump met with Coinbase CEO Brian Armstrong on March 3 before publicly bashing banks for their GENIUS Act stance, echoing Coinbase's position
Jasper Goodman /Politico:
Block reports Q4 revenue up 4% YoY to $6.25B, gross profit up 24% to $2.87B, driven by a 33% surge in Cash App, and forecasts Q1 gross profit up 22% to $2.8B
Block (XYZ.N) on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul …
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 15%+
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.
Filing: Gemini says its COO, CFO, and chief legal officer are leaving; Cameron Winklevoss will take on many of the COO's duties; GEMI closes down 12.9%
The US Treasury and IRS issue guidance allowing Wall Street crypto products to offer staking rewards under a new safe harbor, easing institutional participation
Sander Lutz / Decrypt :
Strava sues Garmin for allegedly infringing two patents related to its segments and heatmap features and violating a 2015 agreement between the companies
Strava has sued Garmin, an act that I very much did not have on my bingo card for 2025. In doing so, they are demanding …
Rex-Osprey launches the first spot dogecoin and XRP ETFs in the US, after the SEC approved the Generic Listing Standards, paving the way for speedier listings
Rex Osprey launched the first spot XRP and doge ETFs today, while Grayscale will soon launch its just-approved multi-asset fund. — 4h
Rex-Osprey launches the first spot dogecoin and XRP ETFs in the US, after the SEC approved the Generic Listing Standards, paving the way for speedier listings
Rex Osprey launched the first spot XRP and doge ETFs today, while Grayscale will soon launch its just-approved multi-asset fund. — 4h
Rex-Osprey launches the first spot dogecoin and XRP ETFs in the US, after the SEC approved the Generic Listing Standards, paving the way for speedier listings
Rex Osprey launched the first spot XRP and doge ETFs today, while Grayscale will soon launch its just-approved multi-asset fund. — 4h
Elon Musk says he will “fix” Community Notes as they are “increasingly being gamed by governments & legacy media”, after disagreeing with notes about Ukraine
which often gets the facts wrong. Worthy mission. But X is dominated by more lies & often deranged bigotry. It's disappointing. Senator Stan Kutcher / @stankutcher : Trying to have...
British Virgin Islands-based Tether plans to move its corporate entity and subsidiaries to El Salvador after obtaining a digital asset service provider license
- Company and all subsidiaries will relocate to El Salvador — Stablecoin firm incorporated in the British Virgin Islands
Sources: a16z, Paradigm, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which could set up a bitcoin reserve
Hannah Lang / Reuters :
Polymarket says the FBI seized CEO Shayne Coplan's phone and electronics; source: the DOJ is investigating Polymarket for allegedly accepting bets from US users
- Polymarket says FBI agents seized CEO's phone, electronics — Platform has taken recent measures to weed out US traders
A US bankruptcy judge approves repaying FTX customers, and FTX is in talks over $1B in seized US assets; in June 2024, FTX had $12.6B, which may rise to $16.5B
Bloomberg :
Caroline Ellison, a key witness in prosecuting FTX cofounder and ex-boyfriend Sam Bankman-Fried, is sentenced to two years in prison for her role in the scandal
Brady Dale / Axios :
A look at Caroline Ellison's motivations in the FTX fraud, including her relationship with SBF; the judge said he had “never seen” a cooperator like Ellison
The story of Sam Bankman-Fried was obvious enough: a Shakespearean level of arrogance that led to tragedy.
A US judge orders Ripple to pay a $125M penalty for selling XRP to institutional investors, well below the almost $2B the SEC sought in the case; XRP jumps 20%+
- Regulator had sought almost $2 billion in fines, penalties — Ripple token XRP surges on court ruling but is flat this year
US spot ether ETFs hit $1B+ in trading volume across nine funds, a strong debut but far from the $4.6B traded during the spot bitcoin ETFs debut in January 2024
- Trading volume still trailed amount posted by Bitcoin ETFs — Debuts for two of the funds rank among some of the best ever