Chinese law enforcement agencies have announced a breakthrough in their fight against illegal financial activities. They have dismantled a large underground banking gang allegedly involved in facilitating illegal transactions using Tether’s USDT stablecoin. The operation spans multiple provinces and is believed to have enabled over $2 billion worth of illicit USDT transactions. 193 Suspects Arrested […]
Pro-crypto organization Coin Center is pushing against a new legislative bill targeted at regulating stablecoin use and operations. In a public statement released on Friday, the US-based advocacy group heavily criticized the Lummis-Gillibrand Payment Stablecoin Act, describing it as “unconstitutional” and anti-innovation. Latest Stablecoin Bill Is Bad Policy: Coin Center On Wednesday, senators Kirsten Gillibrand […]