Author: NBTC

Industry representatives saw the crypto market structure bill’s proposed yield language on March 23 and 24. The internet — at least X (formerly Twitter) — was unhappy, but it may not matter much. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative We* have new language outlining how the crypto market structure bill could address stablecoin yield. *Only some people have seen the language, though it should be released for public consumption and review next. Why it matters Senator Cynthia Lummis (R-Wyo.) said…

Digital asset infrastructure provider BitGo has expanded support for Canton Coin, adding trading and settlement services to its existing custody offering, in a move that aligns with a wider industry push to develop trading and settlement rails for tokenized financial assets. In a Monday announcement, BitGo said it has become one of the first US-based regulated providers to offer custody, over-the-counter (OTC) trading and settlement for Canton Coin within a single platform, although similar bundled services have begun emerging across the digital asset sector. BitGo initially began supporting the asset in October through custody services, allowing institutions to hold Canton…

The Ethereum Foundation has made its biggest staking move yet. The organization recently staked around $46.2 million worth of $ETH. This is the largest amount it has ever committed to staking in one go. The transaction happened quickly and caught attention across the crypto space. THE ETHEREUM FOUNDATION IS STAKING $ETHThe Ethereum Foundation just staked $46.2M of $ETH. This is more $ETH than they have EVER staked before. pic.twitter.com/gCCc0qK6VN — Arkham (@arkham) March 30, 2026 On-chain data shows multiple transfers sent to Ethereum’s staking contract. These funds are now locked to help secure the network. This move is not just…

Crypto tax confusion persists despite widespread adoption, with most U.S. investors aware of obligations but struggling to execute accurately as new reporting rules and portfolio complexity widen compliance gaps across digital asset markets. Data Reveals Crypto Tax Chaos as Investors Face Costly Errors Rising participation in digital assets has exposed a gap between compliance intent and technical tax execution among U.S. investors. According to a Coinbase and Cointracker report released March 30, 2026, based on a survey of 3,000 users, 74% recognize crypto activity as taxable, yet many struggle with reporting accuracy and evolving obligations. Data shows that regulatory awareness…

Cynthia Lummis has highlighted that the CLARITY Act is designed to provide stronger protections for developers operating in the crypto space. A key objective of the bill is to reduce ongoing legal uncertainty that has affected innovation, particularly in decentralized finance. JUST IN: Lummis confirms CLARITY Act will deliver the strongest developer protections in the industry https://t.co/8sGcMUtgkI pic.twitter.com/XtDLYW7hi1 — crypto.news (@cryptodotnews) March 29, 2026 Developers have faced challenges due to unclear regulatory frameworks, with some cases raising concerns about enforcement actions. The proposed legislation seeks to address these issues by outlining clearer guidelines on permissible activities. By improving regulatory clarity,…

The European Central Bank has incorporated data from DeFiLlama in a recent paper analyzing decentralized finance. This marks a notable step for the DeFi ecosystem. Central banks traditionally rely on conventional financial data providers, so turning to a decentralized analytics platform reflects a shift in how regulators approach blockchain-based systems. The research focuses on identifying key actors within DeFi governance, where transparent and reliable data is essential. Platforms like DeFiLlama, known for tracking Total Value Locked (TVL) and protocol metrics, provide critical insights for such analysis. The European Central Bank just used DefiLlama as the primary data source in a…

Archblock, TrustToken, and TrueCoin, the firms originally behind stablecoin TrueUSD, have declared Chapter 11 bankruptcy protection, citing Techteryx’s failure to pay invoices and Archblock being defrauded by “a sophisticated criminal enterprise working out of Eastern Europe.” This comes after Archblock and its sister firms became embroiled in a series of calamities and legal disputes and sold several key parts of its business. Techteryx and Justin Sun The affidavit of Michael Blank, the current general counsel for Archblock, claims that in 2020, Archblock committed to “a significant downsizing, materially reducing its burn rate and extending its operational runway.” In order to…

Representatives of the Kenyan industry warn that proposed licensing rules could exclude startups, concentrate the market among well‑funded firms, and push users toward offshore platforms. Strict Licensing and Oversight Requirements Kenya’s cryptocurrency industry is reportedly raising concerns over draft regulations that would require firms to hold significant amounts of paid-up capital before obtaining operating licenses. Industry representatives say the proposed thresholds could push smaller startups out of the market and concentrate activity among a handful of well-funded players. The draft Virtual Asset Service Providers (VASP) Regulations 2026, prepared by the National Treasury, outlines licensing requirements for exchanges, wallet providers, and…

Global payments infrastructure provider Nium has launched a platform that allows businesses to issue stablecoin-funded cards through Visa and Mastercard, in the latest development enabling digital dollar balances to be spent at merchants using existing card networks. Nium said the system converts stablecoin balances into fiat at the point of sale and handles settlement, compliance and card network integration through a single integration. The tech company said it expects to be able to shorten the time required to launch stablecoin card programs from months to days by consolidating conversion, settlement and compliance into a single integration layer. Consultancy Bain &…

Digital asset infrastructure provider BitGo has launched a financing platform that lets institutional clients borrow and lend against a range of digital assets, including liquid tokens, staked positions and locked holdings, within a single account. The company said the system consolidates borrowing, lending and collateral management into one workflow, replacing processes that have typically required multiple counterparties and manual asset transfers. By introducing portfolio-based lending, BitGo hopes to give clients access to credit against a mix of assets held in custody rather than posting collateral on a per-loan basis. It also supports loans backed by staked and locked tokens, which…