Trump White House releases long-promised crypto report

Trump White House releases long-promised crypto report

The report rehashed many of the policy objectives touted by the Trump administration for regulating crypto in the United States. The US President Donald Trump’s Working Group on Digital Assets released its long-promised crypto report outlining policy recommendations for regulating crypto in the United States, including crypto market structure, jurisdictional oversight, banking regulations, promoting US…

Read More
Hundreds of organizations breached by SharePoint mass-hacks

Hundreds of organizations breached by SharePoint mass-hacks

Security researchers say hackers have breached at least 400 organizations by exploiting a zero-day vulnerability in Microsoft SharePoint, signalling a sharp rise in the number of detected compromises since the bug was discovered last week. Eye Security, a Dutch cybersecurity firm that first identified the vulnerability in SharePoint, a popular server software that companies use…

Read More
US Lawmaker sounds alarm on GENIUS bill, says it's a CBDC Trojan Horse

US Lawmaker sounds alarm on GENIUS bill, says it's a CBDC Trojan Horse

The line between a central bank digital currency and a centrally-managed, government-regulated stablecoin is thin, critics argue. United States congresswoman Marjorie Taylor Greene said that the GENIUS stablecoin bill creates a “backdoor” for the government to effectively create a central bank digital currency, veiled as privately issued crypto tokens. The lawmaker said that regulated stablecoins…

Read More
Bank of England governor warns against private stablecoin issuance

Bank of England governor warns against private stablecoin issuance

Bank of England governor Andrew Bailey joins a growing list of European officials concerned with the rise of stablecoins. Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead. Stablecoins introduce systemic risks to banking institutions that could destabilize the…

Read More