Posts

Showing posts with the label regulation

Trump Set To Open $9 Trillion 401(k) Pensions Market To Crypto: FT

Image
US President Donald Trump could sign an executive order as early as this week to allow 401(k) pension plans to invest in assets including crypto, gold and private equity, the Financial Times reported. That would represent a sea change for crypto, opening the industry to a 401(k) market with $8.9 trillion in assets as of September last year. About 71.5 million Americans have 401(k) pension plans.  A 401(k) is a type of retirement plan offered by many employers in the US. It gives employees the option to save and invest a portion of their paycheck in the funds before taxes are deducted. The Financial Times report cited three people who were briefed on the plan. Trump Will Have The Final Say The executive order would instruct regulatory agencies in Washington to formulate a plan to enable investment in crypto and other assets, the report said.  Regulators will also have to investigate any remaining obstacles that might prevent the alternative investments from becoming a r...

Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

XRP adds $6 billion as Ripple confirms US banking license application

Image
XRP added over $6 billion to its market capitalization following major regulatory news from Ripple.  The XRP token climbed from $2.17 to $2.28, lifting its total market worth from $128.94 billion to $135.40 billion, according to data retrieved by Finbold from CoinMarketCap data.  XRP 1-day market cap. Source: CoinMarketCap Daily trading volume also spiked to $4.17 billion, marking a 43.84% increase. XRP rally sparked by Ripple’s latest announcement  The rally was sparked by an announcement from Ripple CEO Brad Garlinghouse, who confirmed the company has formally applied for a national banking license from the U.S. Office of the Comptroller of the Currency (OCC).  Ripple has also submitted an application for a Master Account with the Federal Reserve, a move that, if approved, would grant the company direct access to the U.S. banking system. The strategic pivot positions Ripple to operate not just as a crypto payments company, but as a fully regulate...

Trump Threatens To Unleash DOGE Audit On Elon Musk Over Subsidies

Image
The DOGE audit on Elon Musk threat has emerged as President Trump’s harshest retaliation yet against the Tesla CEO, and it’s creating quite a stir in political circles right now. Trump suggested that the Department of Government Efficiency could investigate Elon Musk DOGECOIN subsidies. This happened after Musk launched an aggressive attack on his spending bill. This crypto audit controversy escalates their bitter feud, with DOGECOIN regulatory scrutiny becoming a political weapon. The DOGECOIN market risks are mounting as this DOGE audit on Elon Musk proposal threatens billions in government contracts and subsidies. JUST IN: President Trump slams Elon Musk and threatens to cut government subsidies to his companies. "Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa. No… pic.twitter.com/GS1zVp493n — Watcher.Guru (@WatcherGuru) July 1, 2025 Also Read: Iran Ba...

Fed Chair Powell: Banks are Free to Engage in Crypto Activities

Fed Chair Jerome Powell says that US banks are free to engage in crypto activities, giving them the green light to enter the world of cryptocurrency. The declaration is a huge one for the crypto industry, which has thrived in 2025 in a United States that has become more pro-crypto on a federal level. The Federal Reserve Chair emphasized that while the banks are free to engage with crypto, they must do so in a safe and responsible way, with proper protections for customers and the financial system. JUST IN: Federal Reserve Chair Jerome Powell says "banks are free to conduct crypto activities." pic.twitter.com/gCGvwdTh7l — Watcher.Guru (@WatcherGuru) June 24, 2025 Back in February, Powell said that the Federal Reserve would not block banks from serving legal crypto customers. He proclaimed that the Fed would no longer get in the way of crypto banking and permitted banks to serve cryptocurrency customers. Now the Fed Chair is given a further green light for Banks to not only s...

Digital Yuan vs Bitcoin: China's CBDC Threatens Crypto Freedom

Image
Digital yuan vs Bitcoin competition has definitely intensified in recent months as China continues to aggressively expand its state-controlled CBDC while, at the same time, the US under Trump also embraces cryptocurrency. This ongoing financial power struggle represents two completely opposing visions for the future of money – centralized control versus decentralized freedom. Also Read: New US Sanctions on 30+ Chinese Firms Spike Supply Chain Risks for Stocks How CBDC Adoption, US Crypto Laws, And China’s AI Policy Collide Source: Cornell SC Johnson College of Business – Cornell University Trump’s Bitcoin Strategy vs China’s Digital Yuan The digital yuan vs Bitcoin battle took a really surprising turn when Trump established a strategic Bitcoin reserve of approximately 200,000 BTC (worth around $18 billion at the time of writing) back in March 2025. Rather than liquidating these assets that law enforcement previously seized from various criminal cases, the g...

Asia's weekly TOP10 crypto news (Mar 17 to Mar 23)

Image
1. Scholar: China Needs to Promote the Construction of Stablecoins link The Deputy Director of the Institute of Finance at the Chinese Academy of Social Sciences and the Deputy Director of the National Institution for Finance and Development stated in an article published in the Learning Times, which is affiliated with the Party School of the Central Committee of the Communist Party of China, that Bitcoin is not a genuine currency in nature. Instead, it is a peculiarly styled financial asset, and this asset itself possesses investment value. In fact, it is stablecoins that are truly likely to exert a significant impact on the international financial system. Once the US dollar — backed stablecoins more closely link the international credit of the US dollar with the application scenarios in the virtual world, it is highly probable that they will greatly reinforce the hegemony of the US dollar. China needs to advance the construction of stablecoins and expand the utilization of digital to...

Powell's Fed Shift Sends Bitcoin Soaring 15% to $105K Before Meeting

Image
Bitcoin price surge hit powerful new records as the leading cryptocurrency rocketed past $105,000 on Wednesday, triggering quite a shift in crypto market trends. A remarkable rally unfolded right after the Federal Reserve announced its plan to keep current interest rates steady, with Bitcoin volatility staying surprisingly stable through such dramatic moves. The world’s largest digital asset showcased impressive investment security while numerous policy signals shifted around it. Also Read: Cardano: ADA To Surge 146% To Sit At $2: Here’s When Fed’s Policy Changes and Bitcoin’s Price Surge Amid Crypto Volatility Source: WSJ News Fed’s Strategic Rate Hold Several market watchers praised the Federal Reserve’s decision to keep interest rates between 4.25% and 4.50%. Multiple investors watched the Bitcoin price surge as numerous comments from Fed Chair Powell sparked fresh confidence. Powell said: “Banks are perfectly able to serve crypto customers as long...

Interview with John, Managing Director of Coinbase APAC:Prioritizing international growth and why Singapore is so important

Image
This transcript captures an interview between Colin and John O’Loghlen, Regional Managing Director of Coinbase in APAC, held at the Token 2049 conference in Singapore. The discussion covered John’s background, Coinbase’s international expansion, and insights into the future of crypto in the APAC region and China. This audio transcription was done by GPT, so there may be errors. Please listen to the full podcast: YouTube: Introduction and Background Colin: Hi John, welcome to Singapore! My first question is, could you introduce yourself, share a bit about your past experiences, and tell us why you decided to join Coinbase? John: Yeah, hey Colin. Hi everyone. Colin is an old friend from Hong Kong. So let me start. I’ve got a bit of an unusual background. It’s a mix of corporate and operational experience, which is actually quite common at Coinbase. I’m from New Zealand, studied in the U.S., did some traveling and played sports before ending up in London in 2000 — just before the dot-com ...