U.S. jobs report, Russia’s digital ruble rollout: Crypto Week Ahead
Your look at what’s coming in the week starting Aug. 31.
Digital
Inside the high-stakes battle between digital dollars and Swift's massive money engine
Crypto executives say new blockchain payment infrastructure could make Swift obsolete. Bankers say its 11,500-institution network gives it the power to absorb the technology instead.
Crypto advocates join in suing Illinois over digital asset tax
The Crypto Council for Innovation and the Blockchain Association added another lawsuit against the state for its recently approved 0.2% crypto tax.
U.S. SEC sets meeting to propose Reg Crypto to support certain digital assets offerings
“We view this as the first of several rulemakings the SEC will undertake to provide regulatory certainty for crypto assets after the Senate failed before the August recess to advance the Clarity Act on crypto market structure,” TD Cowen analyst Jaret Seiberg wrote in a… Read More
STS Digital CEO sees three major headwinds for crypto markets
Much of the adoption, however, benefits established financial institutions rather than token holders, Seiler said. As traditional finance integrates blockchain tech into existing workflows, less value accrues directly to crypto assets than investors expected several years ago. Founded in 2021, STS Digital is a Bermuda-regulated… Read More
Crypto lobby group TDC sues Illinois to block digital asset tax
A crypto lobbying organization has sued the state of Illinois over a last-minute tax provision inserted into the state budget last month. The Digital Chamber alleged that Illinois’ Digital Asset Tax Act violated both the U.S. and state constitutions and is preempted by a federal… Read More