Crypto
Stablecoins
DWS confirms plans to launch first regulated euro-backed stablecoin in 2025
DWS anticipates early interest from crypto investors followed by "wider demand."
Legal
Coinbase’s attempt to subpoena SEC chair Gary Gensler criticized by judge
The company seeks to obtain Gensler's communications for its fair notice defense.
Regulation
House fails to counter Biden veto and rescind SAB 121 in latest vote
"Yes" votes were below the two-thirds threshold needed to counter the veto.
Mining
EIA could attempt to survey crypto miners again before end of year
The US agency intends to consider feedback following an earlier controversy.
Legal
BitMEX pleads guilty to AML compliance failures under Bank Secrecy Act
Authorities described the company's policies as "toothless or easily overridden."
Regulation
CFTC ‘happy’ to become primary regulator for digital assets, reducing SEC role – Chair Behnam
CFTC chair Rostin Behnam said the agencies should cooperate nonetheless.
Regulation
Bitwise CCO says Ethereum ETFs ‘close to finish line’, SEC open to other funds
Spot ETH ETFs should launch this summer, but other funds could see a longer wait.
Mining
TeraWulf announces plans to scale Bitcoin mining, AI operations
The company paid $77.5 million in its final debt payment.
Regulation
Janet Yellen says Treasury not responsible for ‘quarterbacking’ between SEC, CFTC over crypto rules
Yellen also responded to questions about concentrated risk and Russia potentially bypassing US sanctions via crypto and stablecoins.
Crypto
Bloomberg analyst calls July 18 ‘best guess’ for ETH ETF launch amidst S-1 amendments
The amendments add minor updates around fee waivers and seed transactions.
Politics
Republican National Committee advances crypto, AI policies in draft platform
The draft passed at a ratio of 84-14 and awaits a final vote.
Adoption
Crypto could see $6 trillion from inheritances over 20 years: VanEck’s Matthew Sigel
Sigel cited a recent Bank of America survey of American investors based on age groups conducted.