U.S. House of Representatives: Agreement on stablecoin regulation will soon be reached with the Chairman of the Financial Services Committee

Maxine Waters, the Democratic leader of the US Financial Services Committee, predicted on Wednesday that she and Chairman Patrick McHenry will soon reach an agreement on stablecoin regulation legislation.

Waters said in an interview that they are striving to reach a stablecoin bill in the short term, and have discussed stablecoins with Senate Majority Leader Chuck Schumer and Senate Banking Chairman Sherrod Brown, and that the Federal Reserve, Treasury Department, and White House have all provided input for drafting the bill.

Comments

All Comments

Recommended for you

HKEX CEO: Virtual asset exchanges have become HKEX’s competitors

On May 10th, Hong Kong Exchanges and Clearing Limited's new CEO, Nicolas Aguzin, stated in an interview with the Shanghai Securities News that HKEX faces competition not only from other securities exchanges, but also from external competitors such as virtual asset exchanges. In order to meet the rapidly evolving demands of customers and technology, HKEX must balance innovation and stable business operations, continuously expand its resources for listed companies, and improve its market services.
Marathon reports record net revenue of $337.2 million in first quarter of 2024

Bitcoin mining company Marathon Digital Holdings reported a record net profit of $337.2 million in the first quarter of 2024. The quarterly net profit announced by the company in its earnings report on May 9th increased by 184% compared to the first quarter of 2023, which was $118.7 million. The diluted earnings per share for this quarter were $1.26. The company announced that its first quarter revenue for 2024 reached a record $165.2 million, an increase of 223% from the same period last year, which was $51.1 million.
Binance CEO: Nigerian officials demanded $150 million in bribes

Binance CEO Richard Teng has remained silent on the legal crisis in Nigeria for the past few months, but today Binance executive Tigran Gambaryan posted on the matter of his being charged in Nigeria, stating that unidentified individuals had contacted the exchange's employees and suggested paying a sum of money to resolve the charges. According to DL News, Nigerian officials have demanded a possible bribe of up to $150 million in cryptocurrency from Binance. In a statement, Richard Teng said that lawyers had been asked to make a large payment in cryptocurrency within 48 hours.
VitalikButerin ·

Multidimensional gas pricing

In Ethereum, resources were up until recently limited, and priced, using a single resource called "gas". Gas is a measure of the amount of "computational effort" needed to process a given transaction or block. Gas merges together multiple types of "effort", most notably:
PermaDAO ·

AMA: AO and Artificial Intelligence

The article is divided into two sections: the main dialogue between the host and Sam, and the Q&A session where community users ask questions about AO.
PermaDAO ·

$HALO，World!

Everything you want to know about the $HALO token
Footprint_Data ·

Exploring Core Chain and Its Core Competency

This report examines Core Chain’s pivotal role in enhancing Bitcoin’s functionality, focusing on the core competencies of the Satoshi Plus Consensus mechanism, non-custodial BTC staking, and EVM compatibility.
MIIX Capital ·

MIIX Capital Crypto Weekly Report（0429-0505）：Bottoming Phase Completed, Inflation Concerns Persist

Crypto market saw decreased funding in April, signaling cautiousness among investors. Notable fundraises: Monad, Berachain, Auradine, Movement, Burnt.
PermaDAO ·

Arweave Weekly Highlights Week 18 | ao Test Network Sends Over 50 Million Messages, $AOCRED Surges Nearly 15 Times

Arweave's data from last week: The mainnet completed a total of 218,035,351 transactions, achieving 1.12 TiB of storage in a single week. This week, the storage cost is 0.748 AR/GiB, and there has been an increase of 659 on-chain addresses.
scaling_x ·

Beyond Zero-Knowledge: What’s Next for Data Privacy Enhancement?

In this article, we delve into the significance of FHE and ZKP in enhancing blockchain application privacy, highlighting their potential to shape the future of data privacy in blockchain technology.