Day: February 5, 2026

Crypto firms push new compromises to save key market structure bill

admin

Crypto firms are pushing new compromises on stablecoins to win over skeptical banks and keep the crypto market structure legislation alive. New proposals under private negotiations indicate that community banks could take on a larger role in the stablecoin system, from holding part of issuers’ reserves to issuing their own stablecoins through partnerships, Bloomberg reported Thursday, citing people familiar with the matter. The effort follows a Monday White House meeting between crypto executives and banking trade groups regarding stablecoin yields, the central friction point that has reignited industry tensions in recent weeks.…

CFTC Pulls Proposal Banning Sports Prediction Markets

admin

The US Commodity Futures Trading Commission has withdrawn a Biden administration-era proposal that would have banned sports and political prediction markets, some of the most popular event contracts today. The recently confirmed CFTC chair, Mike Selig, said on Wednesday that the agency has withdrawn a 2024 notice of proposed rulemaking that sought to ban event contracts for sports, politics and war, among other topics, classifying them as “contrary to the public interest.” Selig said the proposal “reflected the prior administration’s frolic into merit regulation with an outright prohibition on political…

Startale, SBI launch Strium for institutional FX, RWA trading

admin

Startale Group and Japan’s financial conglomerate SBI Holdings have launched Strium, a layer-1 blockchain designed to support exchange-layer and settlement infrastructure for institutional trading of foreign exchange, tokenized equities and real-world assets (RWAs). The platform is designed as an exchange-layer network, according to an announcement shared with Cointelegraph. “Tokenization is an inevitable trend, and equities tokenization is clearly the next big market,” said Sota Watanabe, CEO of Startale Group. He added that Strium aims to bridge the gap between traditional offchain finance and the onchain ecosystem by enabling compliant dividend…

Kyle Samani leaves Multicoin in ‘bittersweet moment’ to explore new tech

admin

Multicoin Capital’s co-founder, Kyle Samani, said he is stepping down as managing partner of the crypto investment firm after 10 years in the industry.  Samani called it a “bittersweet moment” in a post on Wednesday, adding, “I am excited to take some time off and explore new areas of technology,” which he later revealed would include AI and robotics. He added that he is “more confident than ever that crypto is going to fundamentally rewire the circuitry of finance.” “The Clarity Act will unlock a tidal wave of new entrants…