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Law firm MinterEllisonRuddWatts, which acted on behalf of the stablecoin’s issuer, says the designation of the token is an important step for regulatory clarity.

No progress has been made recently on the delayed CLARITY Act, the crypto market structure bill, primarily due to opposition from the banking sector over stablecoin rewards. Despite this stalemate, White House Crypto Advisor Patrick Witt has been vocal in advocating for the bill’s passage. Witt Calls Out Banks For Undermining Crypto Progress In a social media post on Tuesday, Witt emphasized the importance of keeping the CLARITY Act a pro-innovation piece of legislation. He criticized efforts to co-opt the legislative process into an anti-competition framework, labeling such actions as “shameful.”  Related Reading: Ripple Launches $750 Million Share Buyback, Boosting Valuation To $50 Billion His comments echo President Donald Trump’s recent support for the cryptocurr...

Andreessen Horowitz partner Noah Levine says AI agents made $1.6 million in payments in the past month, which “is not a big number, but the infrastructure being built around it is.”

Eskom, South Africa’s state-owned power utility, is reversing its previous stance by targeting high-intensity energy consumers, specifically bitcoin mining companies. Nyati announced plans to sell excess electricity generated during the day due to increased solar power usage. The Solar Paradox In a shift that seemed impossible only two years ago, South African state-owned power utility […]

OP Labs' restructuring reflects a broader trend in the crypto industry towards strategic focus and efficiency amid evolving market conditions.
The post OP Labs cuts 20 employees as Ethereum L2 developer narrows strategic focus appeared first on Crypto Briefing.

Global demand for the US dollar is “massive,” and stablecoin yields will only bring more interest to the currency, argued the White House crypto chief.