Crypto Super PAC Spent $1.5 Million to Unseat Rep. Al Green in Texas Primary
Fairshake, a cryptocurrency industry super PAC, said that it will run a $1.5 million campaign opposing Representative Al Green in the Texas Democratic primary. The stated reason for the spend, as described here, is Green’s voting record on multiple crypto-related bills.
New York Prosecutors Said GENIUS Act Undermined Fraud Enforcement for Stablecoin Issuers
New York prosecutors are warning that the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) could unintentionally make it harder to pursue fraud tied to stablecoins. Their core message is that the law’s structure may dilute both criminal and civil remedies for users by leaving enforcement pathways less direct than existing fraud […]
Tether Launches Federally Regulated USAT Stablecoin for U.S. Market Under GENIUS Act Framework
Tether launched USA₮ introducing a federally regulated, dollar-backed stablecoin designed for U.S. market use under the GENIUS Act framework. USA₮ is structured with 1:1 backing in U.S. dollar-denominated reserves held off-chain and custodyed by institutional counterparties.
Pwc Leaned Into Crypto After U.S. Regulatory Shift
PwC’s U.S. leadership accelerated the firm’s move into cryptocurrency services as federal guardrails became clearer, with the GENIUS Act and related stablecoin rulemaking emerging as the primary drivers. We are treating this as a strategic de-risking moment that unlocked a broader go-to-market posture across audit, tax, and advisory for digital assets.
US Bank pilots stablecoin issuance on Stellar, reopening expectations of XLM price recovery
US Bank is piloting the issuance of a stablecoin on the Stellar network, working with the Stellar Development Foundation and PwC to test an institutional model for tokenized assets. This initiative reopens expectations for XLM by enabling a compliant route to deposit-backed tokens on established banking infrastructure.