Elizabeth Warren has cautioned that Senate passage of the GENIUS Act, championed by President Trump, would expand the USD1 stablecoin and hand the president oversight of it, a combination she says imperils U.S. financial stability, national security, and consumer protection.
The post Warren Slams GENIUS Act as “Crypto Corruption” Bill, Warns of Trump Profiteering and Financial Collapse appeared first on Cryptonews. …
Category: Cryptocurrencies
TechCrunch Founder Warns Coinbase Data Breach “Will Lead to People Dying”
TechCrunch founder Michael Arrington has warned that Coinbase’s breach exposing customer addresses and balances poses life-threatening risk. He has demanded criminal penalties for negligent executives and urged a rethink of KYC rules, as analysts call for better crypto security education.
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Will Lee Jae-myung’s Won-Backed Stablecoin Stem Korea’s $40.8B Crypto Outflow?
South Korea’s presidential hopeful Lee Jae-myung has outlined a won-backed stablecoin market that he says will plug a ₩56.8 trn crypto capital leak, lessen dependence on USDT/USDC, and complement plans to legalize spot crypto ETFs and regulated institutional investments.
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Robinhood Pushes SEC for Tokenized RWAs as $30 Trillion Market Looms
Robinhood has proposed a federal framework for tokenized real-world assets, urging the SEC to treat stock- and bond-backed tokens as legal equivalents. Its 42-page filing describes an RRE exchange that blends off-chain matching, on-chain settlement, identity verification, and AML compliance.
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Kraken Unveils Europe’s Largest Regulated Crypto Derivatives Platform – Will It Reshape the Market?
Kraken has expanded in Europe by unveiling a MiFID II-regulated derivatives venue via its Cyprus unit, Payward Europe. The platform offers perpetual and fixed-maturity crypto contracts, combining local fiat support with flexible collateral to meet institutions’ demand for compliant trading.
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Chainalysis Says Haowang Shutdown Fails to Dismantle Crypto Scam Networks
The closure of Haowang Guarantee, once the largest illicit online marketplace for crypto scammers, is far from a final blow to crypto crime.
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Bitcoin Price Prediction: BTC Jumps to $105K as Quantum Buys $1M BTC and SEC Proposes Reform
Bitcoin trades near $105K as Quantum adds $1M BTC, JPMorgan opens access, and SEC pushes unified crypto rules. Momentum builds on bullish institutional signals.
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Are Corporate Bitcoin Treasuries at Risk? Michael Saylor’s Strategy Hit With Class-Action Lawsuit
Corporate Bitcoin Treasuries have become a trend under Strategy’s success, but an SEC lawsuit filing could place other firms in the regulator’s crosshairs.
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South Korean Actress Hwang Jung-eum Admits to $3.1M Crypto-Driven Embezzlement
South Korean actress Hwang Jung-eum has admitted in court to embezzling over $3 million from her own agency for cryptocurrency investments.
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Why Is Crypto Up Today – May 20, 2025?
In a significant turn, all top 100 coins per market cap saw a notable upswing, largely driven by institutional adoption and regulatory developments.
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