In an audacious move that could alter the landscape of the housing finance sector, William J. Pulte, the Director of the Federal Housing Finance Agency (FHFA), has issued a directive that allows Fannie Mae and Freddie Mac to consider cryptocurrency reserves as eligible assets for single-family mortgage loans. This decision marks a pivotal moment not
Regulation
On June 23, the Senate Banking Committee outlined a seven-point strategy focused on the regulation and structure of the digital asset market. This framework marks a crucial moment for an industry that has functioned largely outside the parameters of traditional finance. Committee Chair Tim Scott—along with Senators Cynthia Lummis, Thom Tillis, and Bill Hagerty—advocated for
The recent legislative move in Texas is nothing short of audacious. With the signing of Senate Bill 21 by Governor Greg Abbott, Texas is now allowed to utilize taxpayer funds to build its own Bitcoin reserve. At a time when many view cryptocurrencies with skepticism, this initiative could be perceived as a pioneering step toward
The recent launch of Ripple’s comprehensive four-point plan in London has sent a powerful signal to the UK government: the time for decisive action in the cryptocurrency sector is now, or risk falling further behind global leaders. With this bold initiative, Ripple aspires to reposition the United Kingdom as the world’s next major blockchain hub,
In a financially dynamic world, nothing speaks volumes quite like the dramatic rise of Circle’s CRCL shares. The stock experienced a staggering 34% uptick, closing at $199.59, following a peak of $200.90, an indicative signal of investor confidence. To contextualize this growth, CRCL’s IPO price was set at $31 just a mere two weeks prior,
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is no ordinary courtroom drama—it’s a high-stakes narrative that encapsulates the future of cryptocurrency regulation in America. Recently, Ripple and the SEC found themselves in the spotlight yet again, as they refiled a joint request to dissolve a previous injunction and settle
The landscape of cryptocurrency regulation in the United States is witnessing a significant transformation. On June 12, the Securities and Exchange Commission (SEC) announced the rollback of 14 proposed regulatory measures aimed at the crypto sector—an initiative that marks a pivotal departure from the aggressive policies championed by the previous administration. This reversal underscores a
In a striking announcement, Ripple’s stablecoin, RLUSD, has enjoyed a 29% surge in its circulating supply as of June 8, hitting a historic milestone by surpassing $320 million. This achievement not only signifies a remarkable expansion since RLUSD’s debut on December 17, 2024, but it also reflects a growing confidence in stablecoins amid a volatile
After an extended lull, OpenSea, once synonymous with the NFT boom, has managed to rekindle interest in its platform with the rollout of its OS2 upgrade. This shift, which saw a remarkable 44% surge in monthly active users—bringing the total to approximately 467,000—has ignited a flicker of optimism in an otherwise dormant market. Although sales
The recent confirmation of Michelle “Miki” Bowman as the Vice Chair for Supervision at the Federal Reserve signals a fundamental transformation in the regulatory landscape for digital assets. Senator Cynthia Lummis, a staunch advocate for cryptocurrency, views this moment as pivotal. In a narrow Senate vote of 48-46, the appointment not only fills a crucial