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The US Treasury requests community feedback on stablecoin regulation under the GENIUS Act, aiming for balanced enforcement tools while delaying policy implementation for issuers.
In Brief South Korea's FSC plans to introduce stablecoin regulations in October. The draft aims to clarify stablecoin issuance, collateral, and risk management frameworks. Neighboring Japan is also moving towards launching a yen-pegged stablecoin.
Tron’s Justin Sun files lawsuit against Bloomberg, while ETH signals a bull rally amid dwindling exchange supply.ETH Bull Flag Forms as Exchange Supply ShrinksWhat This Means for the Crypto Market
The Crypto Fear & Greed Index fell to 60 from 70 last week, signaling reduced market optimism.What’s Behind the Drop?What This Means for Investors
- 14:17Trump-nominated Federal Reserve Board nominee Milan is expected to be confirmed before the Fed meeting.Jinse Finance reported, market news: Milan, the Federal Reserve Board nominee appointed by Trump, is expected to be confirmed before the Federal Reserve meeting. The U.S. Senate Banking Committee is expected to hold a hearing next week.
- 14:17Key U.S. economic data is now accessible on the following blockchains via Chainlink data feedsJinse Finance reported, citing Cointelegraph, that key U.S. economic data is now accessible on the following blockchains via Chainlink Data Feeds, enabling on-chain storage and retrieval: • Arbitrum • Avalanche • Base • Botanix • Ethereum • Linea • Mantle • Optimism • Sonic • ZKsync
- 14:13Federal Reserve Governor Cook's lawsuit also names Fed Chair Powell as a defendantChainCatcher news, according to Golden Ten Data, on Thursday, Federal Reserve Governor Cook filed a lawsuit in the federal court of Washington, D.C., seeking to prevent U.S. President Trump from removing her from office. The lawsuit also names Federal Reserve Chairman Powell and the Federal Reserve Board as defendants. On Monday, Trump stated that the reason for removing Cook was due to allegations that she committed fraud in mortgage applications related to two properties under her name. Cook's attorney, Abbe Lowell, wrote in the complaint: "This case challenges President Trump's unprecedented and unlawful attempt—to remove Governor Cook. If this action is allowed to proceed, it would be the first time in the history of the Federal Reserve Board." "This would undermine the Federal Reserve Act... which clearly requires that the removal of a governor must be for 'cause,' and the so-called allegations regarding issues with Cook's private mortgage applications submitted before her Senate confirmation do not constitute such cause." Cook's lawsuit initiates a legal battle that may ultimately reach the Supreme Court. The complaint points out that the lawsuit against Powell and the Federal Reserve Board is limited to the scope of their legal authority to "carry out President Trump's so-called decision to remove Governor Cook."