South Korea to bring digital assets under new state asset management system
South Korea plans to adopt the National Asset Basic Act to update the country’s state asset management system from the outdated State Property Act of...
Tag : state
ABA, state banking groups push back on CLARITY Act stablecoin yield provisions
A wide swath of the US banking industry is urging Senate leaders to amend the stablecoin yield provisions of the Digital Asset Market Clarity Act...
California Strikes Deal With Anthropic to Bring Claude AI to State Agencies
In brief California signed a deal with Anthropic giving all state agencies and local governments access to the Claude AI assistant at a 50% discount....
Ukraine Takes $8.3M in Seized Crypto Under State Management in a First
In brief Ukraine has for the first time placed seized crypto under state management, transferring more than $8.3 million in USDT to a wallet held...
US senators push to end CFTC ‘assault’ on state oversight of prediction markets
A group of 17 Democratic US senators is pressing leadership in a key committee to address the Commodity Futures Trading Commission (CFTC) using federal funds...
Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets
In brief Kalshi sued Illinois after the state created a 15% tax on revenue from sports-related prediction market wagers. The tax is set to go...
Crypto-backed candidates notch wins in three US state primaries
Several Democrats and one Republican who were supported by more than $8 million worth of ads funded by cryptocurrency-aligned political action committees (PACs) won their...
State Street unveils stablecoin fund as GENIUS Act reshapes reserves
State Street has launched a government money market fund tailored for stablecoin issuers as new U.S. regulations begin to define how reserve assets can be...
Senators urge Treasury ensure state authority in GENIUS application
A bipartisan group of US senators led by Republican Senator Cynthia Lummis has urged the Treasury to ensure that state authorities are given the ability...
State Street launches GENIUS Act-aligned money market fund for stablecoin reserves
State Street Investment Management has launched a money market fund designed for stablecoin issuers, offering a vehicle for holding reserve assets under the framework established...