The asset manager argued that without federal legislation, the industry has three years to become indispensable before political winds potentially shift.
A crypto lobby group said it found "increased hostility" from British banks, casting a shadow over the global cryptocurrency leadership the country said it is vying for.
As Trump mulls the next leader of the U.S. Federal Reserve, the BlackRock executive has caught a surge of online wagers, and he'd bring a pro-crypto view.
White House crypto advisor Patrick Witt said stablecoins are the “gateway drug” for global finance and that Washington is racing to deliver regulatory clarity.
The delay of market structure legislation highlights a growing threat to domestic lenders as digital dollars begin to cannibalize traditional bank deposits.
The new token is issued by Anchorage Digital Bank and designed to comply with the GENIUS Act, targeting institutional demand for a U.S.-regulated digital dollar.