Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Groups urge US Treasury to narrow stablecoin rules to protect DeFi and keep stablecoins on permissionless blockchains

Market News
09 Jun 2026
Crypto Briefing
View Source
Neutral
pluang ai news

Hyperliquid Policy Center and Paradigm jointly urged US Treasury agencies FinCEN and OFAC to narrow proposed stablecoin compliance rules under the GENIUS Act. They support focusing regulations on primary market activities where issuers have direct customer relationships, like issuance and redemption, but warn that broad secondary market obligations could push US regulated stablecoins away from permissionless blockchains and harm DeFi. The groups argue that issuers should only know their direct customers, not all wallet holders in secondary transactions, and recommend recognizing programmable compliance tools to block prohibited transfers. They also seek clearer guidance and penalty reductions for compliant issuers to encourage innovation while maintaining regulatory clarity.

More News

Poll shows 61% of investors doubt SpaceX will hit $7.5T valuation in 10 years despite IPO hype.

Poll shows 61% of investors doubt SpaceX will hit $7.5T valuation in 10 years despite IPO hype.

SpaceX is set to go public with an expected valuation around $1.75 trillion, potentially the largest IPO ever. Investor Ron Baron predicts the company could be worth up to $30 trillion in 10-15 years, but a Benzinga poll finds 61% of viewers believe ...

Market News
Bullish
17 minutes ago
World Cup 2026 to boost US beverage sales, Coca-Cola poised to benefit most, says Bank of America.

World Cup 2026 to boost US beverage sales, Coca-Cola poised to benefit most, says Bank of America.

Bank of America predicts the 2026 World Cup, hosted partly in the US, will increase beer and soft drink consumption, creating a temporary sales boost for beverage companies. Using data from the 1994 US-hosted World Cup, BofA expects about 0.8 million...

Market News
Bullish
36 minutes ago
Investigation into Wealthfront's securities fraud continues amid sharp stock drops and deposit declines.

Investigation into Wealthfront's securities fraud continues amid sharp stock drops and deposit declines.

Glancy Prongay & Murray LLP is investigating Wealthfront Corporation for potential securities law violations after the company reported significant financial setbacks. Wealthfront's stock fell sharply following disclosures of large net deposit outflo...

Market News
Bearish
1 hour ago
Sustainability LIVE returns to NYC for third year, uniting 500+ leaders to drive global climate action at Climate Week.

Sustainability LIVE returns to NYC for third year, uniting 500+ leaders to drive global climate action at Climate Week.

Sustainability LIVE: The Leadership Summit will be held on September 22, 2026, at NYC's Javits Center during Climate Week, bringing together over 500 senior executives focused on climate strategy. The event features 50+ expert speakers, including sus...

Others
Neutral
1 hour ago
ControlUp named Leader for third year in Gartner's 2026 Digital Employee Experience Magic Quadrant.

ControlUp named Leader for third year in Gartner's 2026 Digital Employee Experience Magic Quadrant.

ControlUp has been recognized as a Leader for the third consecutive year in Gartner's 2026 Magic Quadrant for Digital Employee Experience (DEX) Management Tools. This highlights ControlUp's innovation in Autonomous Endpoint Management using agentic A...

Market News
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App