A stablecoin bill proposed Tuesday will likely come first, lawmakers announced at a press conference from White House AI and Crypto Czar David Sacks.

David Sacks, Trump's crypto czar, said stablecoins could potentially strengthen U.S. dollar dominance hours after Senator Hagerty proposed the Genius Act.

Multicoin and Solana investor David Sacks is holding his first press conference at the Dirksen Senate Office Building, as the White House Crypto Czar, where he is expected to announce industry leaders who will join President Donald Trump's newly-formed advisory council. The expected appointees are likely to come from Ripple, Crypto.

Work is already underway to regulate stablecoins, with Sen. Bill Hagerty introducing a bill on Tuesday to create a regulatory framework.

As FTX prepares to begin repaying its creditors nearly three years after its dramatic collapse, industry leaders are reflecting on the significant lessons learned. FTX, once a towering presence in the cryptocurrency market, is set to start its first wave of reimbursements on February 18, 2025, focusing on claims under $50,000.

Landon Zinda, former policy director for crypto think tank Coin Center, is the task force's new senior advisor.

The CFTC is reviewing Crypto.com and Kalshi's Super Bowl event contracts as it seeks clarity on derivatives compliance and regulatory checks.

Former Coin Center policy director Landon Zinda has left the crypto advocacy group to join the SEC as a senior adviser.

Blockchain analysis firm Chainalysis has partnered with data and software solutions provider Lukka to enhance its Virtual Asset Service Providers risk product.

David Sacks, the newly appointed Crypto Czar, recently addressed the nation in a press conference, laying out the U.S. government's strategy to become a global leader in the digital asset space.

Paul Grewal, Coinbase's Chief Legal Officer (CLO), is set to testify at a congressional inquiry into Operation Choke Point 2.0. This testimony is only one component of a strategy to establish positive ties between the crypto community and the US federal government.

Coinbase Chief Policy Officer Faryar Shirzad says they evaluate every coin before listing to make sure it's cybersecure, there's no scam and it's not a security, and Trump's memecoin was no different. He speaks with Tim Stenovec and Katie Greifeld on "Bloomberg Crypto.

Moneta Chief Global Market Strategist and Senior Investment Advisor Aoifinn Devitt says crypto is very much a 'risk on' asset and wouldn't call it a safe haven. She speaks with Tim Stenovec and Katie Greifeld on "Bloomberg Crypto.

Coinbase Global Inc. is urging US banking regulators to clarify or amend their positions in order to allow banks to offer custody and trading execution services for cryptocurrencies as well as clear the path for them to partner with the likes of Coinbase. Coinbase Chief Policy Officer talks to Katie Greifeld and Tim Stenovec on "Bloomberg Crypto.

On today's episode of CNBC Crypto World, bitcoin hovers around $100,000 after the U.S. temporarily pauses tariffs on Canada and Mexico. Republican Senator Bill Hagerty of Tennessee announces a new bill to regulate stablecoins.

Stripe closed its $1.1 billion purchase of Bridge Network.

David Sacks and the leaders of the congressional committees that will handle crypto legislation outlined their plans at a press conference.

Republican French Hill, chair of the House Financial Services Committee, said on Tuesday lawmakers from both chambers of the U.S. Congress would form a working group to develop policy favoring the development of the digital assets industry.

Crypto traders in India could end up shelling out significant tax penalties if they don't report their gains in a timely fashion. New legislation in the country of 1.46 billion people proposes that reporting entities must submit information regarding crypto transactions to India's tax authority. Gains that are reported late could garner significant tax penalties.

US Senator Bill Hagerty of Tennessee is introducing legislation aimed at establishing clarity on the regulation of stablecoins. Fox Business journalist Eleanor Terett reports on the social media platform X that Hagerty is introducing the GENIUS bill to the Senate today. “Today Senator Hagerty introduces his stablecoin bill in the Senate.

FTX will begin repaying creditors with claims under $50K starting February 18, 2025 – based on deposit values from November 2022 when Bitcoin was around $17K.

Coinbase is now facing a lot of public attention after ZachXBT, a crypto investigator, broke out news of a shocking social engineering scam that targeted Coinbase users, taking away a whopping $300 million of losses.

The CFTC is reportedly restructuring its enforcement division in a major overhaul that is expected to put to an end regulation by enforcement. This is also expected to restore market integrity, enabling the agency to utilize its resources to limit fraud, manipulation, and abuse.

A veteran trader has revealed his four altcoin picks from one sector that he says will be one of the hottest narratives of 2025. Pseudonymous trader and analyst Pentoshi tells his 852,000 followers on the social media platform X that he thinks the real-world asset (RWA) sector will be the “trend for the year.

Paxos acquired fully accredited EU-based Membrane Finance, granting it a MiCA-compliant toolset for tokenized assets and stablecoins.

Senator Bill Hagerty intends to introduce legislation on Feb. 4 to establish a regulatory framework for stablecoins, Bloomberg News reported.

A distribution notice from FTX Digital Markets showed that the initial group of claimants could expect the value of their funds to be returned plus interest.

Medjedovic justified his actions under the "code-is-law" argument, claiming exploiting smart contracts was legally permissible.

Paxos has completed the acquisition of Membrane Finance, a Finnish Electronic Money Institution, enhancing its regulated platform and expanding its services in Europe.

TL;DR Olas raises $13.8 million in a round led by 1kx, boosting the development of its crypto AI agent platform. The platform already handles over 700,000 monthly transactions, with a notable 30% month-over-month growth and over 3.5 million total transactions.

FTX is set to begin distributing funds to small creditors on Feb. 18, marking a key development in the defunct crypto exchange's bankruptcy process. The Joint Official Liquidators (JOLs) of FTX Digital Markets Ltd.

The crypto market saw $2.24 billion liquidated after Trump's tariffs, sparking accusations of market manipulation involving Binance and Wintermute.

Investors deposit the USDC stablecoin and receive GPRIME pool tokens, representing their proportional stake in the pool.

Coinbase Global on Tuesday renewed its call for U.S. banking regulators to clarify or revise their position on banks offering cryptocurrency services as well as potentially doing tie-ups with companies in the digital assets sector.

Digital asset lawyer and advocate John Deaton says the “war against crypto” isn't dead despite the recent shift in US presidential administrations. Deaton says on the social media platform X that there are still important cases going on even though Gary Gensler isn't running the U.S. Securities and Exchange Commission (SEC) anymore.

Altcoin Daily's Austin Arnold discusses how global events and Trump's influence are shaping the crypto bull market.

FTX repayments will start on February 18, 2025, beginning with claims under $50,000 for those in the Bahamas process.

FTX Digital Market's liquidator PwC had stated that non-Convenience Class creditors expected to receive reimbursement in Q2 2025.

Binance will remove three BTC trading pairs from its platform on February 6, 2025, while maintaining the individual tokens' availability through other trading pairs.

FTX will initiate payments to its creditors in the Bahamas starting on February 18, 2025. The first phase of reimbursements will cover claims valued at $50,000 or less.

Max Raskin, Uris Partners managing director and NYU adjunct professor of law, joins 'Money Movers' to discuss the risk of a 'pain trade' in crypto, what's real in terms of broader adoption, and much more.

Senator Bill Hagerty is set to introduce a new stablecoin bill as the largely crypto-friendly Republican Party seeks further regulatory clarity for the industry.

“Everything went flawlessly as far as im aware,” said Rune Christensen, founder of MakerDAO, which actioned off about $8 million in collateral.

FTX will start creditor repayments on February 18, covering claims under $50,000 with 9% interest, processed via BitGo. The post FTX to begin Bahamas creditor repayments on February 18 appeared first on Crypto Briefing.

The app store will allow users to directly own and control their AI agents on-chain for various use cases, including autonomous social media accounts and DeFi trading.

The Senate has pushed stablecoin bills before, but the chamber is now led by Republicans who want to make Hagerty's latest effort happen.

TL;DR Senator Bill Hagerty seeks to establish a favorable regulatory framework for stablecoins in the U.S. The proposal requires stablecoins to be backed by dollars, Treasury bonds, and Federal Reserve notes. The project aims to position the U.S.