1. BlackRock CEO says US dollar may be replaced by Bitcoin 2. Trump's encryption measures complicate stablecoin legislation 3. The Trump family holds 60% of WLFI shares 4. The US Commodity Futures Trading Commission withdraws its cryptocurrency advisory 5. China blocks BlackRock's acquisition of Panama port 6. Circle plans to conduct an IPO and is expected to submit documents by the end of April 7. Senator McCormick buys $600000 in Bitcoin 8. Coinbase insists on filing lawsuit against FDIC The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/451220
According to Decrypt, French Hill, Chairman of the U.S. House Financial Services Committee, made a rare criticism of President Trump and his family's cryptocurrency business activities on Monday, stating that these actions have made the work of enacting laws for the emerging digital asset industry "more complex. Hill specifically pointed out Trump's introduction of meme and stablecoin projects, stating that they have had a negative impact on the work of lawmakers. Hill: These projects have made our work more complex Hill announced on Monday that the House Financial Services Committee will review the draft stablecoin bill on Wednesday and will soon discuss a new version of the market structure bill. On the Senate side, the GENIUS bill, which received bipartisan support with 18 to 6 votes, has been submitted for a full house vote. But Trump's business activities have provided opposition reasons for Democrats. Last week, Senator Elizabeth Warren criticized the USD1 stablecoin supported by Trump as a "scam" and attempted to link the project to the legislative process. She said, "Congress should amend the stablecoin bill currently under review to prevent the likes of Trump and Musk from controlling people's money
President Donald Trump’s engagement “in the memecoin activity and in considering the formation of a stablecoin have made our work more complicated,” said Rep. French Hill on Monday. House and Senate versions of a stablecoin bill have differences, including on how foreign issuers will be regulated.
Whether the Sui Foundation buys 23andMe, or not, the genetic data company’s bankruptcy shows the perils of centralized data collection and how blockchains can protect the public, says Phil Mataras, founder and CEO of decentralized cloud network AR.IO.
BlockBeats News, on April 1st, crypto journalist Eleanor Terrett posted that "Bryan Steil, Chairman of the U.S. House Digital Assets Subcommittee, told me that after Wednesday's review, the STANBLE Act will be 'well aligned with the Senate GENIUS Act,' achieved after several rounds of 'draft revisions' in the House and Senate and technical assistance from the SEC and CFTC Bryan Steil believes that there are 20% differences between this bill and the GENIUS Act, which are only textual rather than significant or substantial. At present, the biggest difference between the two lies in the requirements for international stablecoin issuers, state regulation of issuers, and some minor technical differences between the two texts. Ultimately, I believe everyone recognizes that we want to work with our colleagues in the Senate to push this bill through, "Steil said. BlockBeats note: The Stablecoin Transparency and Accountability for a Better Ledger Economy Act, also known as the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, is a legislative draft proposed by the US House of Representatives in 2025 aimed at establishing a regulatory framework for the issuance and operation of payment stablecoins pegged to the US dollar. The GENIUS Act (also known as the Guiding and Establishing National Innovation for America. Stablecoins Act) is a legislation proposed by the US Senate on February 4, 2025, aimed at establishing a comprehensive regulatory framework for payment stablecoins within the United States to promote financial innovation, protect consumers, prevent illegal financial activities, and consolidate the dominant position of the US dollar in the global financial system.