The post Banks Unveil ‘BankChain’ Alliance to Rival Stablecoins Amid CLARITY Act Holdup appeared first on Coinpedia Fintech News

39 banking associations in the United States have jointly formed the “BankChain Alliance” to curb their fears of client and capital flight into blockchain-based stablecoins. Banks compete with stablecoins via on-chain banking Initiated by the Texas Banking Association, the consortium represents thousands of community and mid-sized commercial banks looking to develop a 24/7, nationwide, bank-governed …

The post Why Justin Sun Lawsuit Against World Liberty Stays Publicly Important? appeared first on Coinpedia Fintech News

Justin Sun’s lawsuit against World Liberty Financial has cleared a major procedural hurdle, and the case is staying in open court. A federal judge rejected World Liberty’s attempt to push all of Sun’s claims into private arbitration and seal the proceedings, allowing his individual claims to continue publicly. Justin Sun Lawsuit Moves Into Public View …

The post BTC Price Hits 200-Day EMA as $3.3B Liquidations Fuel Rally appeared first on Coinpedia Fintech News

The BTC price has run hard enough to wake up an altcoin market that had little to celebrate. From $62,821 on August 17 to $72,071 by August 20, Bitcoin gained roughly 14%, pushing against its 200-day EMA while the top 100 altcoins largely moved into the green. BTC Price Rally Gives Altcoins Room to Breathe …

The post Donald Trump Says CFTC Is Working to Bring Hyperliquid to the U.S. appeared first on Coinpedia Fintech News

President Donald Trump said CFTC Chair Michael Selig is working to bring Hyperliquid into the U.S. under a fully compliant legal framework. The comments were made at a White House crypto event on August 19. This matters because Hyperliquid is a major platform for perpetual futures, but it currently does not serve U.S. users. A …

The post XRP Rises 10% As Garlinghouse Joins Trump at White House Crypto Summit appeared first on Coinpedia Fintech News

Ripple CEO Brad Garlinghouse joined President Donald Trump, SEC Chair Paul Atkins, CFTC Chair Michael Selig, Coinbase CEO Brian Armstrong and other crypto industry leaders at the White House, where the focus was on clearer crypto rules, U.S. innovation and the next steps for the CLARITY Act. The meeting came as XRP was recovering from …

The post Trump Crypto Summit Details: Attendees, Clarity Act, Hyperliquid and More appeared first on Coinpedia Fintech News

US President Donald Trump just hosted a high-stakes crypto summit at the White House, during which he once again called on the Senate to promptly pass the CLARITY Act so that America may maintain its financial dominance. CLARITY Act and crypto summit attendance  Notably, the event saw attendance from crypto and traditional finance executives in …

The post CFTC Ends FTX Cases With Trading Bans for Ellison, Gary Wang appeared first on Coinpedia Fintech News

The CFTC has ended its enforcement cases against former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang, imposing five-year trading bans on both.  The agency also extended registration bans while giving credit for their cooperation in investigations into the collapse of FTX and Alameda. CFTC Imposes Trading and Registration Bans The U.S. District …

The post SEC’s New Crypto Rules Could Hand Ripple a Legal Exit Ramp for XRP appeared first on Coinpedia Fintech News

The SEC just proposed a sweeping new framework for how crypto companies raise capital in the US, and one legal analyst says the fine print may matter more for Ripple and XRP than the headline numbers suggest. What the SEC Actually Proposed The Securities and Exchange Commission formally announced Regulation Crypto Assets on August 18, …

The post SEC Proposes New Regulation for Crypto Assets; Here Are the Details appeared first on Coinpedia Fintech News

The US Securities and Exchange Commission (SEC) has just proposed several new rules for the crypto industry, with a 60-day commentary period. Dubbed “Regulation Crypto Assets,” the August 18 proposal provides specific guidance for cryptocurrencies grouped under securities or investment contracts.  SEC Recommends Crypto Securities Regulatory Framework To begin with, the SEC acknowledges that crypto …

The post Bank of Russia Adds Crypto to Financial Resilience Calculations appeared first on Coinpedia Fintech News

The Bank of Russia has proposed adding cryptocurrencies to the assets used to calculate financial resilience ratios for brokers, trustees, forex dealers and crypto exchange offices. Under the draft rules, only exchange-traded cryptocurrencies would qualify, with their value capped at 25% of the assets included in the calculation. The proposal is currently open for regulatory-impact …