The U.S. Senate Banking Committee has taken a significant step toward stablecoin regulation by advancing a bill that could shape the future of the cryptocurrency industry. The committee advanced the legislation by a vote of 18-6, marking the first major milestone in an effort that now awaits approval by the full Senate and a parallel version in the House of Representatives. The proposed legislation aims to regulate U.S. stablecoin issuers at the federal level, but its path to becoming law remains unclear. The bill must receive approval from both houses of Congress before reaching President Donald Trump’s desk for final approval. Additionally, lawmakers would need to reconcile differences between the Senate and House versions, a process that could present further challenges. The bill’s advancement was not without controversy. Democratic committee members acknowledged the need for stablecoin regulation but sought to introduce amendments to increase regulatory oversight. Each proposed amendment was ultimately rejected by party lines. Related News: Chinese Trader Announces Critical Support Levels to Prevent Major Decline in Bitcoin (BTC) and Solana (SOL) - Shares Altcoins He Completely Removed from His Portfolio Senator Elizabeth Warren, the panel’s top Democrat, led the opposition, arguing that the bill in its current form poses a “clear threat to national security.” Warren expressed frustration that her proposed amendments were repeatedly rejected during the 2.5-hour session. “It would be crazy to move forward with this bill when there are so many holes pointed out in it, and to move forward with it right at the moment when there are reports that Donald Trump is trying to build his own stablecoin with a team that has a reputation for breaking the law,” Warren said, referring to reports that Trump’s World Liberty Financial is in talks with Binance. “It makes no sense to squeeze this in when Donald Trump is out there doing a deal with a criminal stablecoin platform. We will regret it.” Despite Democrats' objections, Republican lawmakers pushed through the bill, which they argue strikes the necessary balance between consumer protection and innovation in the industry. *This is not investment advice. Continue Reading: Positive News from the US Senate for the Cryptocurrency Sector – Approved Despite Intense Objections
Dogecoin (DOGE) is facing a critical moment, having lost over 40% of its value since the start of March. The entire crypto market is under intense selling pressure, driven by macroeconomic uncertainty and heightened volatility. However, meme coins like DOGE have been hit the hardest, as bears continue to short them aggressively, pushing prices lower with no signs of relief. Related Reading: Bitcoin Lost And Retested The 200-Day MA As Resistance – Here’s What Happened Last Time Despite the heavy downturn, on-chain data suggests potential signs of recovery. Glassnode metrics reveal that Dogecoin network activity is surging, with a 47% increase in active addresses over the past month. Historically, increased network usage and transaction activity can indicate renewed interest and potential accumulation by long-term holders. If this trend continues, DOGE could see a rebound once market conditions start to improve. However, bulls still have a lot of work to do to regain lost ground and push Dogecoin back into a bullish trend. The coming days will be crucial, as traders closely watch whether network growth can translate into price stability or if further downside is ahead for DOGE and the broader meme coin sector. Dogecoin Down 70% As Network Activity Shows Grows Dogecoin has suffered a brutal sell-off, now trading 70% below its December high as selling pressure remains relentless. Meme coins, in general, have been the most affected assets in the market, as fear and speculation drive investors away from high-risk assets. With DOGE failing to find strong support, bulls have a lot of work to do before any meaningful recovery can take place. Related Reading: New ONDO Addresses Surge 390% In 24 Hours – A Sign Of Growing Interest In Ondo Finance The broader crypto market downturn has only added to the struggles. Bitcoin (BTC) has been in a downtrend since late January, and as fear continues to spread, investors are lowering their expectations and setting even lower targets. If this truly marks the end of BTC’s bull cycle, meme coins like Dogecoin will be among the hardest hit, as speculative assets tend to suffer the most in bearish conditions. However, not all signals are negative. Analyst Ali Martinez shared on-chain data on X, revealing that Dogecoin’s network activity is increasing. Active addresses have surged by 47% in the past month, rising from 110,000 to 163,000. Historically, rising network activity has often preceded a recovery in price, as it indicates renewed interest and engagement in the ecosystem. While DOGE still faces significant resistance, this spike in activity could be an early sign that buyers are returning. If Bitcoin stabilizes, the meme coin sector could see a relief bounce, potentially leading Dogecoin back toward key resistance levels. For now, DOGE remains under pressure, but its growing network activity provides a glimmer of hope for bullish traders watching for a turnaround. Dogecoin Struggles At $0.17 As Bears Maintain Control Dogecoin is currently trading at $0.17 after enduring massive selling pressure and a dramatic shift in market sentiment toward fear. The broader crypto market downturn has hit meme coins the hardest, with DOGE struggling to find stability amid relentless sell-offs. For a potential recovery, DOGE must hold above the crucial $0.15 support level. If bulls manage to defend this zone, they could attempt a push toward the $0.20 mark, a key psychological resistance. Reclaiming $0.20 would signal a possible reversal, providing DOGE with the momentum needed to sustain a recovery rally. However, if selling pressure continues and DOGE loses the $0.15 level, the situation could become even more bearish. A break below this support could trigger a further decline toward $0.10, a level that hasn’t been tested since early 2023. Related Reading: XRP Flirts With A Daily Range Breakdown – Price Must Hold Above $2 Level With market sentiment still fragile, traders are closely watching whether DOGE can hold its current range or if more downside is ahead. The next few trading sessions will be crucial, as bulls must step in quickly to prevent another major drop. Featured image from Dall-E, chart from TradingView
As bitcoin pioneer Roger Ver battles extradition to the U.S. over tax-related charges, associates globally are spotlighting his anonymous philanthropy, from disaster relief to empowering underserved communities. A Beacon of Generosity: Supporters Highlight Roger Ver’s Global Philanthropic Legacy Roger Ver, the cryptocurrency advocate also known as “Bitcoin Jesus,” faces a potential 100-year prison sentence if
Get ready for a seismic shift in the decentralized finance (DeFi) landscape! Aave Labs, the powerhouse behind the popular Aave lending protocol, has just dropped a bombshell: Horizon . This isn’t just another upgrade; it’s a strategic initiative designed to bridge the gap between traditional finance and the burgeoning world of DeFi by bringing Real World Assets (RWAs) into the mix. Imagine institutions leveraging tokenized money market funds within DeFi – that’s the bold vision Horizon is set to realize. Let’s dive into how this game-changing proposal could reshape the future of finance. What is Aave Horizon and Why is it a Revolutionary Step for DeFi? Horizon is not just a fancy name; it represents a fundamental shift in how we perceive and utilize decentralized finance. In essence, Aave Labs is proposing a regulated pathway to integrate Real World Assets into the Aave ecosystem. This initiative, if greenlit by the Aave DAO, will launch as a licensed instance of Aave V3, with a clear roadmap to transition to the highly anticipated Aave V4. But why is this such a big deal for the world of DeFi ? Expanded Liquidity: By allowing institutions to use tokenized money market funds as collateral, Horizon unlocks a massive new pool of liquidity for the DeFi space. This injection of capital can lead to more robust and efficient markets. Institutional Adoption: Horizon is specifically designed to cater to institutions. By operating within a regulated framework, it addresses a key barrier that has kept many institutional players on the sidelines of DeFi. This could be the catalyst for widespread institutional adoption of decentralized finance. Enhanced Utility for RWAs: Real World Assets, which have often been touted as the next frontier for DeFi, finally get a practical and scalable use case within a leading protocol like Aave. Tokenized assets can now generate yield and participate in the dynamic DeFi ecosystem. Growth for Aave Ecosystem: The proposal includes a significant 50% revenue share for the Aave DAO in the first year, and potentially a 15% token allocation to the DAO treasury. This directly benefits the Aave community and strengthens the protocol’s long-term sustainability. How Will Real World Assets Transform Decentralized Finance? The integration of Real World Assets (RWAs) is frequently discussed as the key to unlocking the next phase of growth for decentralized finance. But what exactly are RWAs, and why are they so crucial? RWAs are essentially assets that originate in the traditional financial system – think stocks, bonds, real estate, commodities – and are then tokenized on a blockchain. Horizon focuses initially on tokenized money market funds (MMFs), which are low-risk, highly liquid instruments. Here’s why this focus on RWAs is transformative: Bridges Traditional and Decentralized Finance: RWAs act as a bridge, connecting the vast capital pools of traditional finance with the innovative and efficient infrastructure of DeFi. Diversification for DeFi Investors: RWAs introduce a new asset class to the DeFi ecosystem, offering diversification opportunities for investors who have primarily been exposed to crypto-native assets. Stable and Predictable Yield: Money market funds, in particular, offer relatively stable and predictable yields compared to the often volatile yields in crypto markets. This can attract a more risk-averse institutional investor base. Real-World Utility for DeFi: By anchoring DeFi to real-world economic activity, RWAs enhance the legitimacy and long-term sustainability of the decentralized finance space. Horizon’s strategy of starting with tokenized MMFs is a smart move. It provides a low-risk entry point for institutions to explore Institutional DeFi , paving the way for the integration of more complex RWAs in the future. Institutional DeFi is Now More Accessible with Horizon – What are the Concrete Benefits? For institutions eyeing the DeFi space, Horizon could be the green light they’ve been waiting for. Institutional DeFi adoption has been hampered by regulatory uncertainties and concerns about risk management. Horizon directly addresses these challenges by offering a regulated and structured environment. Let’s break down the specific benefits for institutions: Benefit Description Regulatory Compliance Operating as a licensed instance of Aave V3 provides a regulated framework, offering institutions the compliance assurances they require. Familiar Asset Class Starting with tokenized money market funds allows institutions to utilize an asset class they are already comfortable with and understand deeply. Access to DeFi Yields Institutions can earn attractive yields on their MMF holdings by deploying them as collateral within Aave, potentially outperforming traditional money market returns. Efficient Capital Utilization Horizon enables institutions to put their idle cash reserves (held in MMFs) to work, generating returns in the DeFi ecosystem without significant operational overhead. Pathway to Broader DeFi Participation Horizon can serve as a stepping stone for institutions to gradually explore and engage with the wider DeFi landscape, beyond just RWAs and money market funds. By lowering the barriers to entry and providing a regulated and familiar on-ramp, Horizon positions Aave as a leader in attracting Institutional DeFi capital. What Challenges and Potential Risks Could Horizon Face? While Horizon presents a compelling vision, it’s crucial to acknowledge the potential challenges and risks associated with integrating Horizon into the Aave ecosystem. Navigating uncharted territory always comes with hurdles. Here are some key considerations: Regulatory Scrutiny: Operating in a regulated environment is both a benefit and a challenge. Increased regulatory scrutiny is inevitable, and Horizon will need to continuously adapt to evolving legal frameworks in different jurisdictions. Adoption Hurdles: Even with a regulated framework, convincing traditional institutions to embrace DeFi and RWAs will require significant education and outreach efforts. Overcoming ingrained skepticism and inertia within large organizations is a major task. Smart Contract Risks: While Aave is a battle-tested protocol, any new implementation, including Horizon, introduces potential smart contract vulnerabilities. Rigorous security audits and ongoing monitoring are essential. Custodial Risks: The security and custody of tokenized RWAs are paramount. Ensuring robust custodial solutions that meet institutional standards is critical for the success of Horizon. Scalability and Performance: As institutional adoption grows, Horizon will need to scale efficiently to handle increased transaction volumes and maintain optimal performance. Addressing these challenges proactively will be key to ensuring the long-term success and widespread adoption of Horizon . Aave DAO’s Strategic Role and the Future of Aave V3 & V4 with Horizon The Aave DAO (Decentralized Autonomous Organization) plays a pivotal role in the future of Horizon. As a community-governed protocol, the Aave DAO will ultimately decide whether to approve and implement the Horizon proposal. The proposed revenue share model, with 50% of first-year revenue and a potential 15% token allocation directed to the DAO treasury, highlights the significant value that Horizon is expected to bring back to the Aave ecosystem. Furthermore, Horizon’s planned transition from Aave V3 to Aave V4 is noteworthy. Aave V4 is anticipated to bring significant upgrades and features, and Horizon’s integration into this next-generation protocol underscores Aave Labs’ commitment to continuous innovation and pushing the boundaries of DeFi. This strategic alignment with Aave V4 positions Horizon for long-term growth and scalability within the evolving DeFi landscape. Conclusion: Horizon – A Bold Step Towards Mainstream DeFi Adoption Aave Labs’ Horizon initiative is more than just a new product launch; it’s a bold and potentially transformative step towards bridging the gap between traditional finance and decentralized finance. By creating a regulated pathway for institutions to engage with DeFi through Real World Assets, Horizon has the potential to unlock unprecedented levels of liquidity and drive mainstream adoption of decentralized finance. While challenges remain, the vision and strategic approach behind Horizon are undeniably compelling. Keep a close watch on the Aave DAO governance process – the future of institutional DeFi could very well be taking shape right now! To learn more about the latest DeFi trends, explore our article on key developments shaping DeFi institutional adoption.
The U.S. government is considering a significant expansion of its Bitcoin acquisitions, aiming for a limitless Strategic Bitcoin Reserve, according to recent discussions. This initiative emerged during a closed-door session
Bitcoin ETFs may experience a favorable trend if inflows continue. Critical price levels for BTC are being closely monitored by traders. Continue Reading: Market Analysts Predict a Shift in Crypto Trends as BTC ETF Sees Inflows The post Market Analysts Predict a Shift in Crypto Trends as BTC ETF Sees Inflows appeared first on COINTURK NEWS .
A White House official told a room of crypto industry leaders this week that there should be no limit to the size of a U.S. government Strategic Bitcoin Reserve.
Senator Hagerty’s GENIUS Act advances out of banking committee with bipartisan support despite Elizabeth Warren’s warnings about crypto risks and consumer protection concerns.
The AI world is buzzing with OpenAI’s latest move. The company behind groundbreaking models like ChatGPT is pushing for a significant shift in how U.S. copyright law applies to AI training . In a bold proposal to the Trump Administration’s ‘AI Action Plan,’ OpenAI is advocating for the government to officially recognize ‘ fair use ‘ principles in the context of training artificial intelligence. This could have massive implications for the future of AI development, especially in the face of growing copyright concerns. Why is OpenAI Pushing for ‘Fair Use’ in AI Training? OpenAI argues that the current ‘ fair use ‘ doctrine is crucial to the vibrant AI ecosystem in America. They state that the U.S.’s leadership in AI innovation – from startups to research breakthroughs – is largely thanks to the permissive environment fostered by fair use . In their proposal, OpenAI emphasizes the need to ‘[preserve] American AI models’ ability to learn from copyrighted material.’ Essentially, they believe that restricting access to copyrighted material for AI training would stifle innovation and put American AI development at a disadvantage. To put it simply, OpenAI fears that without a clear legal framework for fair use in AI training , the U.S. could lose its competitive edge in the rapidly evolving world of artificial intelligence. What Exactly is ‘Fair Use’ and Why Does it Matter for AI? Fair use is a legal doctrine in the United States that permits limited use of copyrighted material without needing permission from the copyright holder. This is typically for purposes like criticism, commentary, news reporting, teaching, scholarship, or research. The crucial question now is whether training AI models falls under this umbrella, especially when these models are trained on vast datasets that often include copyrighted works. OpenAI believes it should. They argue that AI training is transformative and falls within the spirit of fair use , enabling the creation of new, innovative technologies. However, this stance is not without controversy. The Copyright Clash: Who is Challenging OpenAI? Content owners, particularly those in creative industries, are increasingly concerned about the use of their copyrighted material for AI training without consent or compensation. Several lawsuits have already been filed against OpenAI and other AI developers, alleging copyright infringement. These content creators argue that using their work to train AI models is not ‘ fair use ‘ and deprives them of potential revenue and control over their intellectual property. The core of the dispute lies in differing interpretations of copyright law in the digital age. Traditional copyright law was not designed with AI in mind, and the application of ‘ fair use ‘ to machine learning is a complex and evolving legal area. OpenAI’s Stance: A Necessary Step for AI Progress or Overreach? OpenAI maintains that limiting AI training to only public domain content would severely hinder the development of advanced AI systems. They argue that such a restriction would result in AI that fails to meet the needs of today’s citizens, limiting the potential benefits of AI across various sectors. In a submission to the U.K.’s House of Lords last year, OpenAI explicitly stated that restricting training data to public domain content alone ‘might yield an interesting experiment, but would not provide AI systems that meet the needs of today’s citizens.’ This highlights the tension between fostering innovation in AI policy and protecting the rights of content creators. Finding the right balance is crucial for ensuring both continued progress in AI and a sustainable ecosystem for creative industries. Global Implications: How Does US Copyright Law Impact International AI Development? The U.S.’s approach to copyright law and AI policy has global implications. As a leader in AI innovation, the legal precedents set in the U.S. often influence international standards and regulations. If the U.S. government codifies ‘ fair use ‘ for AI training , it could encourage other nations to adopt similar policies, potentially shaping the global landscape of AI development and copyright law . Conversely, a more restrictive approach in the U.S. could lead to a divergence in global AI policies, creating different legal environments for AI development in various regions. This could impact where AI companies choose to operate and innovate. Key Takeaways: Navigating the Future of AI and Copyright OpenAI’s Advocacy : OpenAI is actively lobbying for the U.S. government to codify ‘ fair use ‘ for AI training , arguing it’s essential for continued AI innovation. Copyright Concerns : Content owners are challenging this stance, citing copyright infringement and demanding compensation for the use of their works in AI training . Legal Uncertainty : The application of ‘ fair use ‘ to AI training is a legally complex and evolving area, with significant implications for the future of AI development and copyright law . Global Impact : The U.S.’s decision on this matter could set a precedent for international AI policy and copyright law . Balancing Innovation and Rights : Finding a balance between promoting AI innovation and protecting the rights of content creators is crucial for a sustainable and equitable future for both AI and creative industries. The debate around ‘ fair use ‘ and AI training is far from over. It represents a critical juncture in the evolution of both AI policy and copyright law , with potentially profound consequences for the future of technology and creative expression. To learn more about the latest AI policy trends, explore our article on key developments shaping AI regulations.
El Salvador’s ongoing Bitcoin purchases amidst the IMF loan agreement have raised significant concerns about the nation’s economic stability. ARENA’s criticism highlights the tension between Bukele’s crypto agenda and international