Fed Governor Notes Fading Crypto Euphoria; Chinese Exchanges Tighten Rules; Senators Query UAE Stake in WLFI

Ray Dalio Warns CBDCs Could Erase Financial Privacy

Ray Dalio warns that central bank digital currencies (CBDCs) may compromise financial privacy, enable instant taxation, and impose capital controls, raising concerns about government oversight and civil liberties as numerous central banks pilot these systems.

FED Kashkari blasts: Cryptocurrencies are "useless," stablecoins are a "hodgepodge of buzzwords"

Federal Reserve Chair Neel Kashkari strongly questions the practicality of cryptocurrencies, believing they have yet to prove any value, and compares their potential to that of artificial intelligence. He criticizes stablecoins for not bringing substantial upgrades to the financial system and argues that their advantages mainly do not target American consumers, highlighting his skepticism towards cryptocurrencies and contrasting with the government's supportive stance.

What signals did the SEC send behind the new regulation of 2% discount on stablecoins?

The new guidelines issued by the U.S. Securities and Exchange Commission (SEC) allow brokers to calculate net capital with a 2% discount for payments made in stablecoins. This change could promote the adoption of stablecoins in mainstream finance. At the same time, this policy will be implemented alongside the enactment of the GENIUS Act, helping to clarify the status of stablecoins within the existing regulatory framework and making it easier for market participants to engage in digital asset trading.

Forget M2: Treasury T-Bill Issuance Emerges as Bitcoin’s Strongest Macro Signal

_Bitcoin closely tracks shifts in U.S. T-bill issuance, more than M2 or Fed balance sheet changes._ For years, crypto investors relied on M2 money supply and Federal Reserve balance sheet data to predict Bitcoin’s direction. Liquidity expansion often aligned with rallies, while tightening

The U.S. SEC allows broker-dealers to include stablecoin capital at a 2% discount, promoting the development of tokenization and crypto businesses.

The U.S. Securities and Exchange Commission (SEC) latest guidelines allow securities brokers to apply a 2% discount rate to stablecoin holdings when calculating capital, significantly reducing the capital cost of stablecoins and enhancing their compliance status. This change promotes the development of tokenized securities and crypto asset businesses and is seen as an important step by the SEC to modernize crypto regulation.