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1 day ago | 
theblock.co | Sarah Wynn
Policy • May 14, 2025, 10:15AM EDT UPDATED: May 14, 2025, 10:09AM EDT Quick TakeSummer Mersinger plans to resign from the CFTC on Wednesday. Mersinger’s incoming leadership at the Blockchain Association comes as lawmakers in Washington are working to pass bills to regulate stablecoins and another to regulate the crypto industry at large.
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1 day ago | 
theblock.co | Sarah Wynn
Policy • May 13, 2025, 5:34PM EDT Pro-crypto Republican Sens. Cynthia Lummis and Bernie Moreno say a tax provision could have unintended consequences for companies holding digital assets and have asked the Treasury Department to step in. In a letter sent on Tuesday by the two lawmakers to Treasury Secretary Scott Bessent, Lummis and Moreno argued that the corporate alternative minimum tax alongside new accounting standards would create unfair taxes on unrealized gains.
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1 day ago | 
theblock.co | Sarah Wynn
Companies • May 13, 2025, 4:12PM EDT The U.S. Securities and Exchange Commission has pushed back its deadline for whether to allow in-kind redemptions for BlackRock's bitcoin exchange-traded fund. The SEC is now asking for public comments on that proposal, according to a filing made on Tuesday. Nasdaq posted an amended rule filing in January that would allow for redemptions and creations in kind for the iShares Bitcoin Trust.
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2 days ago | 
theblock.co | Naga Avan-Nomayo
Markets • May 13, 2025, 11:07AM EDT April’s Consumer Price Index fell to 2.3%, slightly below economists' expectations of 2.4%, while the Core CPI remained steady at 2.8%, matching forecasts. The latest data — the first inflation figures reflecting the impact of "Liberation Day" — marked headline inflation at a four-year low and represented the third consecutive monthly decline.
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2 days ago | 
theblock.co | Yogita Khatri
Robinhood Markets, a subsidiary of financial services giant Robinhood, has agreed to acquire WonderFi Technologies, a Canadian crypto trading platform, in an all-cash deal valued at C$250 million (around US$179 million). The acquisition marks a major step in Robinhood's crypto expansion into the Canadian market.
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2 days ago | 
theblock.co | Naga Avan-Nomayo
Exchanges • May 13, 2025, 8:05AM EDT The Department of Finance of Dubai city has signed a Memorandum of Understanding (MOU) with Crypto.com to introduce cryptocurrency as a payment method for government services. Signed during the Dubai FinTech Summit, the MOU supports the United Arab Emirates' cashless roadmap, which aims to shift 90% of public and private financial transactions to cashless methods by 2026.
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2 days ago | 
theblock.co | Naga Avan-Nomayo
Security • May 13, 2025, 5:53AM EDT Curve Finance has flagged a Domain Name Service (DNS) attack on its website, days after unknown actors gained access to the protocol’s X account. Reported late on Monday, Curve said its “curve[.] fi” domain was compromised in an apparent DNS spoofing attack. In the meantime, users were advised against interacting with the website until further notice. Curve has also switched to its curve[.}finance site, per a tweet from the team.
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3 days ago | 
theblock.co | Sarah Wynn
It's hard to measure the outsized influence President Donald Trump has had on crypto. And up until recently, it appeared the president whose election victory helped push Bitcoin past $100,000 for the first time could do no wrong. Trump’s appointees have taken a pro-crypto stance, and the projects he’s personally connected to digital asset projects that have created billions in market value. Yet questions are mounting over whether that influence is starting to sour.
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3 days ago | 
theblock.co | Sarah Wynn
Policy • May 12, 2025, 1:12PM EDT New U.S. Securities and Exchange Commission Chair Paul Atkins announced a significant change in the agency's approach to cryptocurrency regulation on Monday and outlined details involving issuance and custody as the agency takes on a "new day." President Donald Trump's pick Atkins laid out those plans at the SEC's fourth crypto task force roundtable as the agency takes a drastically different approach to regulating digital assets than under the prior...
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3 days ago | 
theblock.co | Yogita Khatri
Stablecoins • May 12, 2025, 9:00AM EDT The Global Dollar Network (GDN), a stablecoin consortium co-founded by Paxos, Robinhood, Kraken, Anchorage Digital, Galaxy Digital, Bullish and Nuvei, has added 19 new members as it pushes to grow adoption of its U.S. dollar-backed stablecoin, USDG. The newest members include crypto exchange BitMart, crypto custodian Zodia Custody, wallet provider Arculus and stablecoin payments firms Beam, FOMO Pay, AlfredPay and Noah, GDN said Monday.