Tag: Backs

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Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup

Crypto trade groups called for a markup of key market structure legislation within hours of U.S. Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.)...

A16z Backs CFTC in Fight Against State Prediction Market Bans

A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that...

Ethereum Bull Tom Lee Backs 3,000% ETH Upside Case

Fundstrat co-founder Tom Lee shared a "generational play" thesis for Ethereum that predicts 3,000% upside in Ether (ETH) price to $60,000.Key takeaways:ETH is testing...

Strike CEO Jack Mallers Announces Lending Proof-of-Reserves, Volatility-Proof Loans, And Backs Tether Merger Plan

Strike CEO Jack Mallers announced a series of product updates and strategic moves Wednesday, including the launch of lending proof-of-reserves, a new...

Czech Central Bank Chief Backs Bitcoin As 1% Investment

Czech National Bank Governor Aleš Michl used a Bitcoin industry stage in Las Vegas to defend a reserve strategy that mixes strict...

Crypto Lobby Backs Removal of ‘Reputation Risk’ Debanking

US crypto lobby group Blockchain Association has thrown its support behind the US Federal Reserve’s proposal to codify the removal of “reputation risk” from...

Tether backs UAE tokenization firm KAIO in $8M funding round

Abu Dhabi-regulated tokenization firm KAIO said Monday it had raised $8 million in a strategic funding round backed by Tether and several other crypto...

Liz Truss warns UK faces decline, backs bitcoin and starts CPAC UK

Liz Truss, the U.K.'s shortest-serving prime minister, said the country's economy has been stagnating for decades and many of the problems result from a...

French Finance Minister Backs Euro-Pegged Stablecoins in Response to US

Roland Lescure, France’s finance minister, backed an initiative by European banks to launch a euro-pegged stablecoin in 2026 to compete with US dollar-backed tokens,...

Bank of Korea nominee backs CBDC-led system with limited stablecoin role

Shin Hyun-song, the nominee to lead the Bank of Korea, said a central bank digital currency (CBDC) and bank-issued deposit tokens should form the...

ECB Backs Plan for ESMA to Take Over Crypto Supervision

The European Central Bank has supported the European Commission’s plan to bring the supervision of major crypto companies under the EU’s financial markets regulator. The...