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U.S. regulator's GENIUS pitch casts dark cloud over crypto sector's stablecoin model

The U.S. regulator's recent proposal, dubbed GENIUS, raises concerns for the crypto sector, particularly regarding the stablecoin model. The initiative aims to impose stricter regulations on stablecoins, which could significantly impact their operation and adoption. Critics argue that these regulations may stifle innovation and limit the growth potential of the crypto market. The proposal has sparked debate among industry stakeholders about the future of stablecoins and their role in the broader financial ecosystem. Overall, the GENIUS pitch introduces uncertainty and challenges for the stability and viability of stablecoins in the U.S. market.

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Grant Cardone plans to tokenize his firm's $5 billion real estate portfolio

Grant Cardone is set to tokenize his firm's $5 billion real estate portfolio, aiming to make real estate investments more accessible to a broader audience. The initiative will allow investors to purchase fractional ownership in properties through blockchain technology. Cardone's move is part of a growing

'Someone's Looking for a Pardon': Senators Rebuke Sam Bankman-Fried's Crypto Bill Support

Senators have expressed strong opposition to a proposed cryptocurrency bill supported by Sam Bankman-Fried, the founder of FTX, amid concerns over its implications for regulation and consumer protection. Critics argue that the bill favors large crypto firms and undermines efforts to create a fair regulatory framework. Some lawmakers believe that

There’s a New DeFi Bill in Congress—What Does That Mean for Crypto Market Structure?

A new DeFi bill has been introduced in Congress, aiming to establish a regulatory framework for decentralized finance. The legislation seeks to clarify the roles of various stakeholders in the crypto market, including developers and users, and to ensure consumer protection. Proponents argue that the bill could foster innovation and

Bitcoin Miner MARA jumps 17% after striking a deal with Starwood to build AI data centers

Bitcoin miner Marathon Digital Holdings (MARA) saw its stock price increase by 17% following a partnership with Starwood Capital Group to develop AI data centers. The collaboration aims to leverage Marathon's expertise in cryptocurrency mining and Starwood's real estate capabilities to create facilities that support artificial

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Grant Cardone plans to tokenize his firm's $5 billion real estate portfolio

'Someone's Looking for a Pardon': Senators Rebuke Sam Bankman-Fried's Crypto Bill Support

There’s a New DeFi Bill in Congress—What Does That Mean for Crypto Market Structure?

Bitcoin Miner MARA jumps 17% after striking a deal with Starwood to build AI data centers