Cryptocurrency

U.S. drug raids net $10 million in crypto linked to notorious Mexican Sinaloa cartel, officials say

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U.S. drug raids net $10 million in crypto linked to notorious Mexican Sinaloa cartel, officials say

U.S. drug enforcement agents seized more than $10 million in cryptocurrency linked to Mexico’s Sinaloa cartel during raids that also netted massive quantities of fentanyl and other drugs, officials said Tuesday. The Sinaloa cartel is one of six Mexican drug trafficking groups that President Trump has designated as global “terrorist” organizations. The cryptocurrency seizure in … Read more

Stablecoins could get a big boost in Congress. Here’s what to know about the digital currency.

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Stablecoins could get a big boost in Congress. Here's what to know about the digital currency.

So-called stablecoins could be a step closer to becoming a mainstream form of payment in the U.S. as the House of Representatives considers a bill regulating the digital currency.  The Genius Act, which passed in the Senate last month with broad bipartisan support, would create rules of the road for the $250 billion market for stablecoin, … Read more

What are stablecoins and how does the GENIUS Act regulate them?

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What are stablecoins and how does the GENIUS Act regulate them?

What are stablecoins and how does the GENIUS Act regulate them? – CBS News Watch CBS News Last week, in a bipartisan vote, the Senate passed the GENIUS Act, creating a regulatory framework for stablecoins. Dante Disparte, chief strategy officer at the financial technology company Circle, joins “The Takeout” to explain how stablecoins work and … Read more