A major US teachers union has warned that new crypto market structure legislation in the Senate could put trillions of dollars in retirement savings at risk, drawing sharp attention across crypto news outlets and among the crypto pur community. The American Federation of Teachers (AFT) argues that the proposed bill treats digital assets as “stable…
Pakistan is ramping up efforts to enter the world of stablecoins and blockchain technology, considering the launch of a rupee-backed stablecoin and a central bank digital currency (CBDC) to boost financial inclusion and tap into a $25 billion crypto-driven growth opportunity. Banking leaders and regulators are pushing for swift adoption and regulation, aiming to ensure…
As the U.S. Securities and Exchange Commission (SEC) moves closer to establishing a regulatory framework for tokenized securities, financial giant Citadel Securities is urging caution. In a recent statement, the firm emphasized that blockchain-based securities must bring tangible advancements in efficiency not just serve as a regulatory workaround. Tokenization Needs to Enhance Market Function, Not…
