Legislation Passes Senate With Bipartisan Support
The biggest crypto news and ideas of the day |
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Welcome to The Node! This is Ben Schiller to take you through the latest crypto news from CoinDesk's reporters. |
| This marks the first time the Senate has ever cleared a major piece of crypto legislation after years in which key Democratic members have blocked such momentumThe bill heads to the House of Representatives, where its next steps remain uncertain while leading lawmakers work out a strategy for passage |
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Today's Op-Ed We Need to Fix the So-Called GENIUS Bill BY JAMES J. ANGEL |
The proposed legislation faces criticism for potential redundancy and the involvement of multiple regulators, which could lead to inefficiencies Congress is urged to designate the Federal Reserve as the sole regulator for stablecoins to streamline oversight and address systemic risks Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates. Want more political coverage? Sign Up for The State of Crypto Newsletter |
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New from CoinDesk Research |
CoinDesk Research's latest protocol research explores Bahamut, an EVM-compatible layer-1 protocol that offers a unique approach to validator economics. Commissioned by Bahamut, the report evaluates the protocol's novel consensus mechanism along with its validator design, tokenomics, architecture and application-layer ecosystem, including adoption metrics, scaling infrastructure, grants and more. |
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Iranian Crypto Exchange Hacked Iranian crypto exchange Nobitex was hacked for $90 million, with the Israeli-linked group Gonjeshke Darande claiming responsibility The hacktivist group warned that Nobitex's internal data and source code would be released, putting remaining assets at risk |
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| USELESS coin has exploded 2,000% in two weeks, jumping from $0.004 to nearly 10 cents and hitting a market cap of as much $100 millionThe Solana-based token now has 12,000 holders, $23 million in peak daily volume, and a cult following built entirely on irony |
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The Most Trusted Source in Crypto, Now in Your Pocket. |
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