Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, US Federal Reserve Governor Michael Barr said clearer rules could help the market grow, but warned that GENIUS Act implementation must still guard against runs, weak reserves and illicit finance, the Commodity Futures Trading Commission’s chief enforcement director said those who tip or trade on prediction markets with misappropriated information will be pursued, and S&P Dow Jones Indices has tokenized its iBoxx US Treasuries Index on the Canton Network, making a major fixed-income benchmark available as a digital asset.
US Federal Reserve Governor Michael Barr said Tuesday that clearer US stablecoin rules could speed the market’s growth, but warned that regulators still need to address money laundering risks, bank run risks and consumer safeguards as they implement the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.
Speaking at a Federalist Society event on stablecoin regulation, Barr said the law provides “needed clarity” for issuers, but that “a great deal will depend on how federal and state regulators implement the statute.”
