Crypto Quibbler

🔑 Key Takeaways A   Financial Times op-ed   argues crypto needs the same four pillars that underpin capital markets:   predictability, property rights, transparency, and fair competition . The   Genius Act (July 2025)   bans issuers from paying interest on stablecoins, but banks warn that crypto platforms still exploit a loophole via third-party reward programs—potentially draining up to   $6.6 trillion in deposits . U.S. regulators are mobilizing: the SEC has a new enforcement chief, the CFTC and Treasury are collecting public input, and congressional task forces are exploring a comprehensive framework. 🗞 Main Story As the U.S. grapples with the future of digital assets, three forces are colliding: regulators, banks, and the crypto industry. The   Financial Times analysis   stresses that crypto cannot rely on improvisation forever. Markets require the   four pillars of governance—predictability, property rights, transparency, and fair com...

🔑 Key Takeaways Senator Cynthia Lummis’s crypto bill gains bipartisan traction in Congress. Donald Trump endorses provisions, signaling political alignment on digital assets . Bill seeks to provide clear federal rules for stablecoins, exchanges, and custody. 🗞 Main Story Senator Cynthia Lummis’s long-awaited crypto legislation is gaining momentum in Washington. After years of fragmented oversight and turf battles between the SEC and CFTC, her bipartisan bill has drawn support from both Republicans and Democrats. The framework defines digital assets, brings stablecoins under bank-like rules, and creates a licensing path for exchanges—addressing regulatory uncertainty that has plagued the U.S. crypto sector. Former President Donald Trump’s endorsement has elevated the bill’s profile, calling crypto a “strategic asset” critical to U.S. competitiveness. With Trump’s backing and bipartisan interest, the bill could gain serious traction ahead of the 2026 e...