JPMorgan Raises Concerns Over OFAC’s Potential Control of Tether

by Александр Пирогов | Feb 16, 2024 | Blog News

JPMorgan released a report suggesting that the Office of Foreign Assets Control (OFAC) could exert control over Tether (USDT) despite it being a non-US entity. The report highlighted Tether’s connection with Tornado Cash, an Ethereum-based privacy enhancement...

Federal Reserve Governor Waller: Stablecoins Tied to Dollar Could Strengthen U.S. Currency

by Александр Пирогов | Feb 16, 2024 | Blog News

Federal Reserve Governor Christopher Waller has expressed a positive outlook on the impact of the crypto industry on the U.S. dollar, stating that stablecoins tied to the dollar are actually enhancing the currency’s global strength. Waller highlighted that the...

Stablecoins Bolster Dollar’s Hegemony in DeFi,, Federal Reserve Advocates for Robust Oversight

by Александр Пирогов | Feb 16, 2024 | Blog News

Federal Reserve governor Christopher Waller emphasized the significant role of United States dollar-denominated stablecoins in fortifying the dollar’s status as a global reserve currency during a central banking-focused conference on February 15th. Waller highlighted...

Debt Box Challenges SEC’s Motion to Dismiss Enforcement Action

by Александр Пирогов | Feb 16, 2024 | Blog News

Software firm Debt Box is contesting the United States Securities and Exchange Commission’s (SEC) motion to dismiss an enforcement action against it, characterizing the move as an attempt to evade possible sanctions and a permanent dismissal due to alleged misconduct....

Tennessee Subcommittee Passes ELVIS Act to Safeguard Musicians from AI Misuse

by Александр Пирогов | Feb 16, 2024 | Blog News

The Tennessee House Banking and Consumer Affairs Subcommittee unanimously approved the Ensuring Likeness Voice and Image Security Act (ELVIS) on February 13, aiming to shield musicians from exploitation by artificial intelligence (AI). Introduced by Governor Bill Lee...

Citibank Explores Blockchain for Tokenized Securities

by Александр Пирогов | Feb 15, 2024 | Blog News

Multinational financial services giant Citibank announced on Wednesday its venture into tokenized securities on the blockchain, aiming to advance distributed ledger technology adoption on Wall Street. Collaborating with Wellington Management and WisdomTree, Citibank...