Tether's USDT stablecoin may face restrictions on U.S. crypto platforms if it fails to comply with the GENIUS Act by the 2028 deadline. The law requires stablecoins to meet strict reserve and regulatory standards, including cooperation with law enforcement and registration with U.S. authorities. While Tether plans a U.S.-focused compliant token and continues expanding investments and payments, legal experts note some requirements for foreign issuers start immediately, with full compliance needed by 2028. The regulatory framework remains incomplete, creating uncertainty for Tether and other stablecoin issuers as U.S. agencies finalize rules.
Abu Dhabi Global Market (ADGM) has recognized Tether Gold (XAUT) as an Accepted Spot Commodity, allowing regulated firms in the financial center to offer services involving the tokenized gold asset. Over the past year, XAUT's locked value surged from...
Russia's State Duma is set to finalize a new crypto regulation bill on July 21 that will license exchanges and brokers under the Bank of Russia's oversight. The bill classifies cryptocurrency as property, allows crypto for cross-border settlements, b...
Bitcoin and Ethereum experienced slight net outflows of $21.5 million and $6.3 million respectively, indicating cautious market sentiment. Meanwhile, some mid- and lower-cap altcoins like BankrCoin and OPN attracted targeted inflows, reflecting selec...
Coinbase CEO Brian Armstrong stated that Bitcoin has evolved into a store of value, akin to digital gold, rather than becoming a widely used payment method. Despite efforts like the Lightning Network to improve Bitcoin's transaction speed, its fixed ...
Tether's USDT stablecoin faces a regulatory deadline on July 18, 2028, under the GENIUS Act, which could restrict its availability on U.S.-based exchanges unless it qualifies as a foreign issuer. To comply, Tether must register with U.S. regulators, ...
