Tether Dominates Digital Dollar Arena with Impressive Growth

The post Hoskinson to Attend Senate Roundtable on Crypto Regulation appeared on BitcoinEthereumNews.com. Hoskinson confirmed for Senate roundtable on U.S. crypto regulation and market structure. Key topics include SEC vs CFTC oversight split, DeFi regulation, and securities rules. Critics call the roundtable slow, citing Trump’s 2025 executive order as faster. Cardano founder Charles Hoskinson has confirmed that he will attend the Senate Banking Committee roundtable on crypto market structure legislation.  Hoskinson left a hint about his attendance on X while highlighting Journalist Eleanor Terrett’s latest post about the event. Crypto insiders will meet with government officials Terrett shared information gathered from some invitees to the event, noting that a group of leaders from several major cryptocurrency establishments would attend the event. According to Terrett, the group will meet with the Senate Banking Committee leadership in a roundtable to continue talks on market structure regulation. Meanwhile, Terrett noted that the meeting will be held on Thursday, September 18, following an industry review of the committee’s latest approach to distinguishing securities from commodities, DeFi treatment, and other key issues, which has lasted over one week.  Related: Senate Draft Bill Gains Experts’ Praise for Strongest Developer Protections in Crypto Law Notably, the upcoming roundtable between US legislators and crypto industry leaders is a continuation of the process of regularising cryptocurrency regulation in the United States. It is part of the Donald Trump administration’s efforts to provide clarity in the US cryptocurrency ecosystem, which many crypto supporters consider a necessity for the digital asset industry. Despite the ongoing process, some crypto users are unsatisfied with how the US government is handling the issue, particularly the level of bureaucracy involved in creating a lasting cryptocurrency regulatory framework. One such user criticized the process, describing it as a “masterclass in bureaucratic foot-dragging.” According to the critic, America is losing ground to nations already leading in blockchain innovation. He cited…

The post Cash Ban Looms: R$100, R$200 Notes Could Disappear appeared on BitcoinEthereumNews.com. The Proposal will prohibit R$100 and R$200 bills; restrict the amount of cash people use to increase digital transactions, and prevent crime. The proposal under review by the Brazilian Congress is bold, as it targets high-value cash notes. PLP 214/2020 is one of the bills that was drafted by Deputy Paulo Ramos. This aims to stop the emission and circulation of R$100 and R$200 banknotes. It further seeks to limit cash transactions, encouraging digital payments as normal. This legislation would restrict the physical currency to the smaller denominations of R$2, R$5, R$10, and R$20 in Brazil.  It provides a schedule of 12 to 24 months over which these huge notes are to be eliminated in their daily use. Five years later, the entire financial transactions would be digitalized. Why the Push Against Large Bills? The supporters of the legislation claim that the high-value notes promote illegal business.  They emphasize that R100 and R200 notes are frequently employed in corruption, money laundering, as well as the informal economy.  In eliminating these notes, the government wishes to eliminate easy sources of cash used to commit crimes. This move has the backing of international examples. Sweden and Denmark have massively eliminated cash reliance by making use of digital payments.  The central bank of Brazil believes that this will lower the cost of handling the currency, besides modernizing the financial system. Analysts observe that the step also promotes transparency in the financial arena. High-value cash transactions are difficult to trace.  Through digital transactions, audit trails are left and these aid in the detection of illicit operations. The Implication of this to Brazilians. Although the purpose of the proposal is to tighten the belt around criminals, it poses a question regarding the availability of financial services to the citizens of the country. In Brazil, not…

Cryptocurrency analysis firm CryptoQuant has analyzed the recent behavior of Bitcoin whales and its implications. Here are the details. Continue Reading: What Whales See in Bitcoin: On-Chain Data Signals