Tag: Stablecoin

Bipartisan House Duo Pushes For Stablecoin Safe Harbor

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In the wake of a significant shift in crypto regulation spurred by the new White House administration under President Donald Trump, lawmakers are working on a fresh tax framework aimed at providing clarity and a safe harbor for certain transactions involving stablecoins.  Proposed Crypto Tax Framework Representatives Max Miller from Ohio and Steven Horsford from Nevada have drafted a preliminary proposal that seeks to align the tax treatment of cryptocurrencies with that of traditional securities.  According to a recent report by Bloomberg, the draft consists of a blend of policy…

JPMORGAN BANK TOKENIZES ON ETHEREUM! BITCOIN PULLSBACK & CRYPTO MARKET STRUCTURE DELAYED!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto News: Bitcoin price pullsback. JPMorgan Launches Tokenized Money Market Fund on Ethereum. The senate markup on the crypto market structure bill (CLARITY Act) gets delayed. Brought to you by 🏦 Learn about iTrustCapital’s powerful Premium Custody Account (PCA) and tax-advantaged Crypto IRA platforms 💡Get the (Re)Thinking Crypto Book on Amazon – 🖥️ Learn Crypto with Expert Commentary – Sponsors: 🌟Uphold – Signup with Uphold. Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. 🏠 Propy (PRO) is a blockchain-based…

US Lawmakers Propose Stablecoin Tax Break, Staking Reward Deferral

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US lawmakers have introduced a discussion draft that would ease the tax burden on everyday crypto users by exempting small stablecoin transactions from capital gains taxes and offering a new deferral option for staking and mining rewards. The proposal, introduced by Representatives Max Miller of Ohio and Steven Horsford of Nevada, seeks to amend the Internal Revenue Code to reflect the growing use of digital assets in payments. The draft is set “to eliminate low-value gain recognition arising from routine consumer payment use of regulated payment stablecoins,” per the draft.…

Blockchain Association Rejects Proposal To Widen Stablecoin Yield Restrictions

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Blockchain Association led a broad industry push this week, asking Senate Banking leaders to resist efforts that would widen a ban on stablecoin yields beyond what Congress wrote into law. According to the association, the letter was signed by more than 125 crypto and fintech groups and companies and was sent to lawmakers to warn against reinterpreting the new rules in a way that would also bar exchanges and apps from offering rewards tied to stablecoin…

Blockchain Association says no to expanding stablecoin yield prohibition

Expanding the stablecoin yield prohibition to include the application layer is an anti-competitive practice, industry advocacy groups say. The Blockchain Association, a non-profit crypto advocacy organization, wrote a letter to the US Senate Committee on Banking, signed by over 125 crypto industry groups and companies, opposing the ban on third-party service providers and platforms offering customer rewards to stablecoin holders. Expanding the prohibition on stablecoin issuers sharing yield directly with customers, outlined in the GENIUS stablecoin regulatory framework, to include third-party service providers stifles innovation and leads to “greater market…

FDIC’s GENIUS Act Stablecoin Plan Leads a Week of Crypto Business Moves

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Washington is inching closer to putting bank-issued stablecoins on a clearer regulatory track. This week, the Federal Deposit Insurance Corp. (FDIC), the US agency that oversees bank safety and insures deposits, laid out a proposed framework for how insured banks, via subsidiaries, could seek approval to issue payment stablecoins under the GENIUS Act, a move that could reshape who gets to mint digital dollars and under what rules. That same push toward institutionalization is also evident elsewhere in the crypto business landscape. Despite Bitcoin’s (BTC) lackluster performance, corporate treasuries are…

Malaysia’s Royal Stablecoin and Asia’s Shift to Tokenized Money

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Key takeaways RMJDT is a ringgit stablecoin pitched for payments and cross-border trade. Its treasury and validator setup is designed to make onchain settlement function like reliable infrastructure. Across Asia, stablecoins are being brought under licensing and reserve and redemption rules. Tokenized assets are increasing demand for tokenized settlement in local currencies, not just USD. RMJDT is being pitched as a ringgit-pegged token tied to Johor’s Crown Prince. It was launched by his company, Bullish Aim, and issued on Zetrix, a network connected to Malaysia’s national blockchain infrastructure. The token…

Historic: Brazil’s B3 Stock Exchange to Issue a Stablecoin Next Year

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The new stablecoin is designed to enhance liquidity across diverse market segments, encompassing both tokenized and traditional financial offerings. B3 authorities indicated that the tokenized product could potentially serve as an alternative to drex, Brazil’s CBDC, which has recently been scaled back in its initial implementation. Brazil’s Stock Exchange Prepared to Launch Own Stablecoin The […] Source

Brazilian Stock Exchange to Launch Tokenization Platform and Stablecoin

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Brazilian stock exchange B3 announced a move deepening its ties to digital assets through the launch of a tokenization platform and stablecoin for settlements, starting in 2026. In a Tuesday notice to investors, B3’s vice president of products and clients, Luiz Masagão, said the exchange plans to launch a tokenization platform for traditional assets, starting with stock market offerings. He added that B3 would also issue its own stablecoin as “a tool to enable trading in tokens.” “The great value of having this tokenization platform connected to the traditional ecosystem…

Circle Partners Intuit to Bring Stablecoin Services to Credit Karma, Turbotax, Quickbooks

Key Notes Partnership aims to transform refunds, remittances, savings and payments using blockchain infrastructure instead of traditional systems. Intuit shares climbed over two percent following the announcement, reflecting positive investor sentiment toward crypto integration. Circle strengthens its market position as second-largest stablecoin provider through this strategic alliance with major fintech company. Financial services firm Intuit recently announced that it has entered a multi-year, strategic partnership with stablecoin provider Circle. Under the terms of the agreement, Intuit will leverage Circle’s USDC token and stablecoin infrastructure throughout its platform, which includes products…