Bessent stated clearly that there will be no central bank digital currency under Trump. He called a CBDC the first step toward tracking Americans’ spending and behavior. Bessent expects the world to choose private dollar stablecoins over government CBDCs. U.S. Treasury Secretary Scott Bessent heavily criticized the development of a...
Coinbase Expands TRUST Network With BNY and Global Compliance Push
Coinbase announces four TRUST milestones: TRUSThub launch, BNY membership, 21 Analytics partnership, and global Travel Rule expansion. Coinbase is making major moves in crypto compliance. The company announced four major milestones for its TRUST network on May 28, 2026. These milestones include launching TRUSThub, welcoming BNY as a member, and...
A First for Crypto: Paxos Approved as U.S. Clearing & Settlement Agency
Paxos Securities Settlement Company wins SEC registration as a clearing agency, becoming the first blockchain-native firm to do so in the U.S. Paxos has officially entered a new chapter in U.S. financial history. The blockchain infrastructure company announced on May 28, 2026, that its subsidiary received SEC registration. Paxos Securities...
South Korea Targets Crypto Trading Bots With New API Crackdown
South Korea’s DAXA rolls out new API key rules targeting price manipulation and unfair crypto trading across major exchanges. South Korea is tightening its grip on crypto trading. The Digital Asset Exchange Alliance (DAXA) rolled out a new compliance standard on May 28. The policy targets the improper lending of...
Aave Proposes New Framework to Tighten Crypto Asset Listings
Aave Labs wants stricter, clearer rules for crypto asset listings. Here’s what the new technical framework means for DeFi governance. Aave Labs has put forward a new proposal aimed at standardizing how crypto assets get listed on its protocol. The proposal, submitted as an ARFC, targets Aave V3, V4, and...
FalconX Confidentially Files for IPO as Crypto Wall Street Push Grows
FalconX files confidentially for a possible IPO as Wall Street and institutional investors continue expanding into crypto markets. Crypto brokerage firm FalconX is preparing for a possible public stock market listing. The company confidentially filed a draft S-1 form with the U.S. Securities and Exchange Commission. Moreover, FalconX hired Cantor...
VanEck Launches First Spot BNB ETF for Institutional Access
VanEck launches the first spot BNB ETF, giving investors direct BNB access through traditional brokerage accounts and regulated markets. VanEck has launched the first exchange-traded product offering direct spot exposure to BNB. The new product trades under the ticker symbol VBNB. Moreover, the launch gives investors easier access to one...
Binance Highlights Bitcoin Scarcity as 94% of BTC Gets Mined
Bitcoin trades near $73.5K as Binance notes 94% of BTC mined, while price sits below 7-day and 25-day averages at key support. Binance noted that more than 94% of Bitcoin has been mined, reinforcing the asset’s fixed supply profile. The update came as BTC traded near $73,498, with sellers testing...
ZEC Nears Critical $700 Zone as Traders Spot November Repeat
ZEC trades near $559 after pulling back from $650–$680 resistance, with $520 support and the $700 zone in focus. ZEC price action has returned to focus as traders compare the latest rally with the November move into the same resistance area. ZEC/USD recently approached the $650 to $750 zone, while...
Ripple CTO’s XRP Staking Idea Puts IRS Crypto Rules to the Test
Schwartz argues that newly minted XRP staking rewards should only be taxed when sold, not when received. He distinguishes newly minted rewards (taxed at sale) from transferred tokens (taxed when received). IRS Revenue Ruling 2023-14 taxes staking rewards when received, contradicting Schwartz’s argument. David Schwartz, Ripple’s former CTO, has reignited...