A growing coalition of U.S. banks is panic-stricken. They are currently urging lawmakers to rewrite the GENIUS Act, specifically targeting the reward structures offered by non-bank stablecoin issuers. They see the ability for crypto platforms to offer yield on digital dollars as a “loophole” that threatens to siphon deposits away from the traditional banking system. […]
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Terraform Administrator Sues Jump Trading for $4 Billion, Alleging Role in Terra’s Collapse
The court‑appointed administrator of Terraform Labs has sued Jump Trading, alleging the high‑speed trading firm illegally profited from and helped...
