Securities and Exchange Commission Chairman Gary Gensler emphasized the connection between the cryptocurrency market and the recent banking crisis in testimony on Capitol Hill. He seeks more resources to police crypto firms whose business model, he says, is "noncompliance."

Companies holding a Bitlicense will have to follow similar standards for consumer protection, safety and soundness, and pay more to cover the cost of regulations.

The committee will consider draft legislation governing stablecoins at a hearing on Wednesday featuring New York Department of Financial Services Superintendent Adrienne Harris.

The chief strategy officer of Circle argues that the future of the industry hinges on what market participants — and Congress — choose to do right now.

A former comptroller of the currency worries that, in the current frenzy to right crypto's wrongs, Washington will go too far and inadvertently undercut the U.S. banking system.

Stablecoins are supposed to hold a constant value, typically $1, giving crypto investors a place to park funds as they navigate the highly volatile digital-asset market. An inflation protection overlay would tap into demand for a cushion against elevated post-pandemic price pressures.

The Fed slightly raised interest rates, Amazon brings 'palm payments' to Panera Bread, the SEC cracks down on Lindsay Lohan, and more.

The Office of Financial Research — a Treasury agency tasked with examining sources of systemic financial risk — published a report that found that full integration of a central bank digital currency could hurt banking-sector stability but offers significant benefits for consumers.

Stablecoin giant Circle is planning to locate its European headquarters in Paris, citing the crypto-friendly climate created by President Emmanuel Macron's government as instrumental to the decision.

The shutdowns of Silvergate Capital and Signature Bank are likely to send crypto-related businesses and digital asset innovation offshore.