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The two U.S. senators negotiating a controversial provision in the crypto industry’s market structure bill — Republican Thom Tillis and Democrat Angela Alsobrooks — have reportedly agreed on a compromise that could advance the industry’s top priority to the next stage in the Senate.The two were reported by Politico to have agreed in principle on an approach to stablecoin yield in the Digital Asset Market Clarity Act, and that potentially knocks down one of the top unresolved issues in the wide-ranging bill. Still, no further details emerged, other than Alsobrooks reiterating that the yield accord would bar rewards on passive…

A political action committee with ties to major tech and crypto donors is raising the specter of disgraced ex-FTX CEO Sam Bankman-Fried to target New York congressional candidate Alex Bores as the state legislator faces a crowded Democratic field.A sharply worded mailer distributed by Think Big PAC told voters that the Democratic primary candidate for New York’s 12th Congressional District once got more than $100,000 in support from the former head of the failed global exchange, and alleges that “Bankman-Fried’s buddies are bankrolling Bores for Congress.” It also criticizes Bores’ campaign financing and positions him as out of step with…

Key senators and the White House have reached a tentative agreement on cryptocurrency legislation aimed at resolving a dispute between banks and digital asset firms over stablecoin yields, according to Politico reporting. The move could clear the way for a landmark crypto regulatory bill stalled in the Senate Banking Committee since January. Sen. Thom Tillis (R-N.C.) and Sen. Angela Alsobrooks (D-Md.) said Friday they have an “agreement in principle” on language intended to balance innovation with financial stability. The legislation seeks to prevent stablecoin rewards programs from triggering widespread deposit withdrawals from traditional banks, a concern raised by Wall Street…

XRP’s rebound to $1.50 over the past few days has given bulls something to work with, but one analyst is warning that the market may be celebrating too early.  Recent price data show XRP pushed into the mid-$1.50s and even tagged $1.60 this week before momentum cooled again. However, a crypto analyst who goes by the name Guy on the Earth on the social media platform X pointed out that bullish traders should not get ahead of themselves yet until XRP breaks above one proper price level. The Push To $1.50 Gave Bulls A Case The move that XRP bulls…

XRP is approaching a critical turning point as price action tightens near a key resistance zone. The $1.55 level now stands as the defining barrier, with a breakout potentially signaling a stronger recovery, while continued rejection could reinforce downside pressure.  The $1.54 Level Comes Back Into Focus XRP has managed to climb back into a key short-term range, bringing the $1.54 area back into focus. From a broader perspective, MakroVision Research noted that the overall chart structure still appears weak despite the recent recovery, as XRP continues to trade below major resistance zones. However, in the short term, the price…

US authorities say the co-founder of Super Micro Computer, Inc. has been charged and arrested over an alleged multi-billion dollar scheme to smuggle advanced artificial intelligence chips from the US to China.The Justice Department said in a statement on Thursday that it had unsealed an indictment charging Yih-Shyan “Wally” Liaw, as well as Super Micro sales executives Ruei-Tsang “Steven” Chang, and Ting-Wei “Willy” Sun over the alleged conspiracy.Prosecutors said the trio violated US export control laws by conspiring “to sell billions of dollars’ worth of servers integrating sensitive, controlled graphics processing units to buyers in China.”Super Micro, which was not…

Cryptocurrencies and blockchain technology have increasingly become part of Canada’s core financial system over the past year.In November, the country introduced stablecoin regulations as part of the Canada Stablecoin Act. Introduced as part of the budget, it gives the Bank of Canada the power to regulate stablecoins in the country.Elsewhere, policymakers are finalizing amendments to laws for crypto asset funds, including those for cold wallets and custodians.The changes highlight a pragmatic, but regulation-first approach to crypto, which observers have come to expect from Prime Minister Mark Carney’s government. Increased scrutiny and new standards for crypto raise the barWhen Canadian Prime Minister…

Decentralized autonomous organizations (DAOs) were built on an ideological premise that is now running up against the realities of running a business, where decentralization collides with the need for legal ownership and control.On March 11, DAO Across Protocol made a controversial proposal to transition to a private company through a token-to-equity exchange buyout. Risk Labs, the team behind Across (ACX), said that the token and DAO structure “materially” impacted its ability to close deals with enterprises and institutions.The industry reaction has been split. Decentralized finance (DeFi) researcher Ignas called it a “huge failure of crypto.”“It feels like a betrayal of…

Two Democratic lawmakers in the US Congress have introduced legislation in response to “government corruption” over bets on prediction markets platforms.In a Tuesday announcement, Texas Representative Greg Casar and Connecticut Senator Chris Murphy said they had introduced the Banning Event Trading on Sensitive Operations and ​Federal Functions (BETS OFF) Act after several Polymarket accounts made “highly unusual bets” that a war between the US and Israel against Iran would begin. Murphy said on March 4 that it was likely that people with “inside information” of US President Donald Trump’s plan to bomb Iran had made the bets.“We shouldn’t live in…

The United States Securities and Exchange Commission issued broad guidance towards the cryptocurrency industry on Tuesday, with SEC Chair Paul Atkins declaring that “most crypto assets” would not be considered securities.The guidance provides distinctions for which types of assets would not meet the definition for securities, and what would make an asset meet that definition as an investment contract. Furthermore, the guidance notes that protocol mining (as on Bitcoin) and staking, along with crypto airdrops—or tokens sent to a protocol’s users and contributors—do not meet that definition.“After more than a decade of uncertainty, this interpretation will provide market participants with…