Six Republican senators urged U.S. banking regulators to revisit capital standards for digital assets, arguing that Basel-based rules such as the 1,250% risk weight impose excessive constraints on banks entering crypto markets.
SoFi has launched its dollar-backed stablecoin SoFiUSD inside its app, giving 14.7 million members access to buy, sell, hold, and convert the token. The asset is issued by SoFi Bank and starts on Ethereum and Solana.
Coinbase has warned it could withdraw support for the CLARITY Act if the bill limits stablecoin rewards. The dispute centers on USDC rewards, bank lobbying, and whether the Senate can find a compromise before the broader bill loses momentum.
The SEC charged Nathan Fuller of Cypress, Texas, with running a $12.3 million Ponzi-like scheme that promised AI-powered crypto trading bots. He misused $6.2M for personal expenses and paid $5.5M to early investors.
Coinbase is resisting efforts to tighten limits on stablecoin rewards in the U.S., warning that changes to current rules could weaken a business line projected to generate $1.3 billion in 2025.
Elon Musk's X rolls out X Money to select Premium+ users, with Cross River Bank—a long-time Ripple partner—providing core banking infrastructure. XRP community speculates future crypto integration, but current service runs on traditional rails. XRP hovers near $1.04, testing key support at $1.06.
SafeHaven Exchange plans to launch a subscription-based platform in mid-2026, replacing per-trade commissions with a flat monthly fee and integrating brokerage, banking, AI portfolio tools, and tokenized securities under one roof.
Bitcoin surged to $75,000, liquidating over $530 million in leveraged positions in 24 hours—80% from BTC and ETH shorts. US-Iran deal hopes fuel the rally, though Valerius Labs warns of a possible short squeeze. ETH breaks $2,380; Tom Lee sees $60,000; Elizabeth Warren questions X Money’s stablecoin plans.
