Stablecoins

New York prosecutors have warned that the GENIUS Act, a new law regulating stablecoins, fails to protect fraud victims and allows issuers to profit from stolen funds. In a letter to key senators, Attorney General Letitia James and District Attorney Alvin Bragg argue the legislation provides legal cover to companies like Tether and Circle. They claim these firms resist returning seized assets, prioritizing their own financial gains.

30 Mwezi wa kwanza, 2026 Imeripotiwa na AI

Citi analysts report growing momentum for the CLARITY Act, a key U.S. crypto market structure bill, but highlight risks of delays beyond 2026 due to disputes over decentralized finance definitions and stablecoin rewards. The Senate Agriculture Committee has advanced its version, while the Banking Committee grapples with contentious issues. A White House meeting on February 2 aims to address stablecoin concerns.

US senators introduced a draft bill on January 13, 2026, aimed at creating a regulatory framework for cryptocurrencies, clarifying jurisdiction between the SEC and CFTC. The Clarity Act seeks to boost digital asset adoption but faces criticism over provisions favoring banks and insufficient investor protections. A markup session is scheduled for January 15 in the Senate Banking Committee.

11 Mwezi wa kwanza, 2026 Imeripotiwa na AI

A recent analysis argues that decentralized finance (DeFi) has failed to fulfill its promise of banking the unbanked by merely building on top of existing traditional finance infrastructure. Instead of creating new financial rails, DeFi relies on banks, regulators, and centralized systems for its core operations. This dependency limits its accessibility to those already excluded from the system.

U.S. senators from both parties met on January 6, 2026, to restart negotiations on a bill establishing a regulatory framework for cryptocurrencies, amid mounting pressures from a looming government shutdown deadline. Republicans presented a 'closing offer' to Democrats, proposing over 30 revisions, as Senate Banking Committee Chairman Tim Scott plans a markup on January 15. Key sticking points include ethics standards and limits on crypto yields competing with traditional banks.

4 Mwezi wa kwanza, 2026 Imeripotiwa na AI

Following a period of price stagnation despite positive news, XRP is now approaching the $3 psychological barrier. This upward shift aligns with increasing business interest in cryptocurrency payroll, supported by post-SEC regulatory clarity, stable markets, and stablecoin innovations.