The House of Representatives is set to vote on three crypto-related pieces of legislation before Congress goes on recess. The US House of Representatives is scheduled to consider amendments to three crypto-related bills this week addressing central bank digital currencies (CBDCs), digital asset market structure and payment stablecoins. On Monday, the Republican-led House Committee on Rules will meet to discuss the Anti-CBDC Surveillance State Act, the Digital Asset Market Clarity (CLARITY) Act and the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, as part of the party’s “crypto week” push. Discussions of the three bills included several amendments submitted by Democratic lawmakers to address what they called crypto “corruption” in the US government. Read more
Global commerce stack TradeOS becomes the latest participant of Cointelegraph Accelerator. TradeOS, the trust and settlement layer for global commerce, is now part of the Cointelegraph Accelerator. Positioned as the foundation of next-gen stablecoin-based uniserval checkout, TradeOS is building an open, permissionless global trading network with minimal fees and no restrictive ownership controls, aiming to challenge the $4 trillion global e-commerce monopoly. Built by Bounty Bay Labs with backing from Animoca Brands, TON Ventures and HashKey, TradeOS replaces traditional intermediaries and high platform fees with modular onchain payout rails. These enable programmable settlement via verifiable delivery. TradeOS uses an innovative proof-of-delivery system powered by zk-TLS and TEE to release payouts based on verifiable real-world outcomes. It removes the need for data tokenization or reliance on monopoly APIs, making it ideal for AI-driven and automated commerce. Cointelegraph Accelerator supports early-stage ...
Bitcoin holds above $120,000 as corporate crypto treasury building and robust spot BTC ETF buying continue to support the new price range. Key points: Bitcoin is facing profit booking near $123,000, pointing to a minor consolidation or correction in the near term. Several major altcoins have broken above their overhead resistance levels, indicating the start of a new uptrend. Read more
Launched in November 2024, the USDG stablecoin has a total circulating supply of around $356 million. Crypto exchange OKX has joined the Global Dollar Network, a consortium promoting Paxos’ relatively smaller USDG stablecoin, in a move the exchange says could help accelerate adoption of a regulated US dollar-backed stablecoin. By joining the network, OKX’s 60 million global users will gain access to Global Dollar (USDG) for trading and transfers, the company announced Monday. OKX already supports several major stablecoins, including market leaders Tether (USDT) and USDC (USDC). Adding USDG — a newer, smaller entrant — could broaden access to regulated digital dollars through a project designed to operate within established regulatory frameworks. Read more