Author: NBTC
Former CFTC Chairman Chris Giancarlo said delaying the Digital Asset Market Clarity Act could hurt banks more than crypto companies, because crypto firms can always move to other countries if the rules are unclear, while banks remain stuck. According to Coinbase Chief Legal Officer Paul Grewal, in an interview, lawmakers may soon find a compromise on the stablecoin rewards issue, but the bill must still pass through the Senate for a final vote. Banks face more risk because the Clarity Act has stalled Chris Giancarlo said financial institutions need the Clarity Act more than people think because crypto companies will…
The $XRP liquidity situation on the Binance exchange has not had a pulse for 9 months as of April 3, 2026, following a major retreat in the first half of 2025. The $XRP 30-Day Liquidity Index – a metric that measures the depth of a traded instrument’s order book over a rolling 30-day window – on the largest cryptocurrency exchange globally, by registered user base and traded volume, has remained at its absolute floor of approximately 0.062 between July 2025 and the time of publication, according to metrics from analytics platform CryptoQuant. $XRP Binance 30-day liquidity index. Source: CryptoQuant Similarly,…
The White House no longer has a dedicated crypto policy lead, just days after President Donald Trump gave Vice President JD Vance a new enforcement mandate as “Fraud Czar.” Trump announced the Vance appointment on Truth Social, directing the vice president to target what he called unprecedented taxpayer fraud in blue states. The move follows David Sacks’ quiet departure from the crypto czar position on March 26. Sacks Out, No Replacement Coming Sacks confirmed that he had used up his 130-day limit as a special government employee. The departure was not a resignation or termination. Federal law caps special government…
US-based financial giant Charles Schwab is preparing to make a direct entry into the cryptocurrency market. According to the company’s plan, users will initially be able to conduct Bitcoin and Ethereum transactions through a new service offered via its investment platform. The company’s move is seen as part of its “super app” strategy, which aims to consolidate all financial services under one roof. Cryptocurrency-focused platforms, particularly Coinbase, have largely implemented this model. In contrast, it is noted that traditional online brokerage firms are struggling to establish a similar structure. Related News Grayscale Says Bitcoin Price Could Rebound If the War…
Federal regulators intensify scrutiny of payment giants, signaling potential enforcement over account restrictions that may conflict with consumer expectations and disclosed policies, raising stakes for Paypal, Stripe, Visa, and Mastercard. US Debanking Fight Ignites as FTC Targets Visa, Mastercard, Paypal, and Stripe Practices Access to financial services has become a focal policy concern as federal regulators scrutinize industry practices. Federal Trade Commission (FTC) Chairman Andrew N. Ferguson issued warning letters on March 26 to Paypal, Stripe, Visa, and Mastercard, addressing customer access and compliance with the FTC Act. Regulatory attention centers on whether platform decisions to restrict users align with…
Europe’s next crypto battle is no longer about whether to regulate the industry, but who gets to hold the pen. European Union leaders are weighing a European Commission proposal to hand direct supervision of the bloc’s largest crypto asset service providers (CASPs) to the Paris-based European Securities and Markets Authority (ESMA), shifting front-line control away from national regulators. France, Austria and Italy believe the move is overdue. In a joint September 2025 paper, their market authorities called for “a stronger European framework,” arguing centralized oversight is needed to address “major differences” in how countries authorize firms and curb regulatory shopping.…
Brokerage services giant Charles Schwab plans to roll out spot cryptocurrency trading in the first half of 2026, pushing it deeper into digital assets. “We remain on track to launch our spot crypto offer in the first half of 2026, starting with bitcoin and ether (ETH),” a company spokesperson told CoinDesk on Friday. The firm has opened a waitlist for clients seeking early access to what it calls a “Schwab Crypto” account, which will allow users to buy and sell the two largest cryptocurrencies. The firm will offer the service via Charles Schwab Premier Bank, SSB. The move builds on…
Elon Musk is working on a plan to give retail investors as much as 30% of SpaceX when the company goes public, which is far above the usual 5% to 10% that regular investors get in most IPOs. According to Reuters, the plan is being discussed as SpaceX prepares for a listing that could value the company close to $1.75 trillion. The idea was shared with banks by SpaceX CFO Bret Johnsen, who has reportedly told Wall Street firms how the deal could be structured. The plan is still being worked on and can change at any time. The goal…
The Financial Times reported Friday that Tether has hired KPMG to conduct its first full audit of $USDT’s financial statements and brought in PwC to help prepare its internal systems, citing people familiar with the matter. The reported mandate follows Tether’s Tuesday announcement that it had formally engaged a Big Four firm for an inaugural financial statement audit, without naming the provider, and comes after years of pledges to deliver a full review of its books while relying instead on periodic reserve attestations from BDO Italia, the Italian member firm of the BDO global accounting network that has been producing…
US President Donald Trump and his family play a very important role in the cryptocurrency market. Trump and his family not only supported and invested in Bitcoin and altcoins, but also launched their own cryptocurrency project. At this point, Trump and his wife have their own tokens named $TRUMP and $MELANIA, while Trump and his family have a DeFi project called World Liberty Financial ($WLFI). While $WLFI, $TRUMP, and $MELANIA tokens have made a big splash in the market, Trump and his family are estimated to have cryptocurrency earnings exceeding $1 billion. According to FinanceSpeed, Trump and his family are…