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US Banks Lobby for Tighter Stablecoin Rules in Clarity Act

Leading US banking groups are pushing for revisions to the Clarity Act, expressing concerns that the current draft could destabilize community banks by encouraging a shift of deposits into stablecoins. The proposed changes aim to maintain the traditional banking system's role.

3 min read

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US Treasury Freezes $130M in Crypto Linked to Iran's IRGC

The US Treasury Department has frozen a $130 million cryptocurrency wallet linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) and is actively tracking the assets of Ayatollah Ali Khamenei, signaling an escalation in economic pressure on Tehran.

3 min read

News Analysis topic

US Treasury Freezes $130M in Iranian Crypto, Intensifies Asset Tracking

The US Treasury Department has frozen a $130 million crypto wallet linked to Iran's Islamic Revolutionary Guard Corps (IRGC) and is actively tracking the assets of Ayatollah Ali Khamenei, signaling an escalation in economic pressure on Tehran.

3 min read

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Ripple Launches RLUSD: A Deep Dive into XRP's New Stablecoin

Ripple Labs has introduced RLUSD, a new USD-backed stablecoin operating on the XRP Ledger. This move positions Ripple to compete directly with established stablecoins like USDC and USDT, offering a regulated alternative within its ecosystem.

3 min read