USA | ForkLog - Part 20

ForkLog 28 22.05.2025

David Sacks Predicts Surge in Demand for US Treasuries Following GENIUS Act Adoption

The adoption of the GENIUS Act concerning stablecoins will boost demand for US Treasuries “by trillions of dollars,” according to David Sacks, special advisor to Donald Trump on AI and cryptocurrencies, in an interview with CNBC. The bill will require issuers of “stable coins” to fully back the issuance of assets with government bonds or […]

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ForkLog 45 22.05.2025

SafeMoon Founder Faces Up to 45 Years for Investor Fraud

A federal jury has found Braden John Karony, CEO of the DeFi project SafeMoon, guilty of cryptocurrency fraud. According to prosecutors, the accused and his accomplices misappropriated funds from the liquidity pool, despite public assurances of its safety and lock-up. Karony was convicted on three counts: conspiracy to commit securities fraud; wire fraud; money laundering. […]

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ForkLog 82 21.05.2025

Texas Endorses Creation of Bitcoin Reserve

The Texas House of Representatives has approved bill SB 21, which proposes the establishment of a strategic reserve for the leading cryptocurrency. The bill received support from 105 legislators, with 23 opposing, and has been sent to the governor for signing. ?️BREAKING: ?? Texas has just passed the Texas Strategic #Bitcoin Reserve and Investment Act, […]

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ForkLog 124 21.05.2025

River Report Highlights US Dominance in Bitcoin Market

The United States may emerge as the primary beneficiary of the growth of digital gold, thanks to regulatory advantages, a developed mining infrastructure, and state-level support, according to a report by River. Data: River. Researchers noted that the country already controls 79.2% of the global volume of assets in spot bitcoin ETFs. More than 40% […]

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ForkLog 50 20.05.2025

Robinhood Proposes Regulatory Framework for RWA to SEC

The online broker Robinhood submitted a proposal to the SEC for the creation of a federal framework for tokenized real-world assets (RWA). The company suggests equating such tokens with traditional securities and introducing uniform regulatory rules nationwide. Robinhood noted that while the RWA segment is developing, it remains limited to pilot projects. The new approach […]

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ForkLog 29 20.05.2025

Implications of the US Stablecoin Legislation: Expert Opinions

On May 19, the US Senate approved the cessation of debates on the GENIUS Act, a bill introducing a new regulatory framework for the stablecoin market. ForkLog gathered expert opinions on the matter. Alexey Zyuzin, CEO of Crypto Summit, believes that “the US is demonstrating its ambition to lead the industry and establish the dollar […]

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ForkLog 93 20.05.2025

US Senate Advances Bipartisan Stablecoin Regulation Bill

The US Senate has voted to advance the GENIUS Act, a bill aimed at regulating stablecoins. The initiative’s author, Bill Hagerty, announced the development. Tonight, the Senate moved forward on the GENIUS Act. This groundbreaking, bipartisan legislation will bring America’s payment system into the 21st century. The GENIUS Act skyrockets the United States with a […]

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ForkLog 27 16.05.2025

The Ultimate Swamp Asset: The Economist’s Disillusionment with Cryptocurrencies

Digital assets, initially conceived as an apolitical tool, have become synonymous with bribery and greed, according to an article in The Economist. Cover of the article. Source: The Economist. The article was published under the headline “Cryptocurrency has become the ultimate swamp asset.” The authors noted that over the past few years, this new financial […]

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ForkLog 20 16.05.2025

BIS and New York Fed Test Smart Contracts for Monetary Policy

The Bank for International Settlements (BIS) and the New York Federal Reserve’s Innovation Center have tested smart contract tools for managing monetary policy within tokenized systems, according to a report by BIS. The experiment was conducted under Project Pine, utilizing the ERC-20 standard and an access control system. In hypothetical scenarios, central banks adjusted collateral […]

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ForkLog 30 16.05.2025

US Charges Loom for Tornado Cash Developer Roman Storm

The US Department of Justice plans to file criminal charges against Roman Storm, developer and co-founder of the cryptocurrency mixer Tornado Cash, according to Decrypt, citing a department representative. Federal prosecutors allege that Storm conspired to launder money, evade US sanctions, and operate an unlicensed money transmission business through Tornado Cash. The trial is set […]

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ForkLog 55 14.05.2025

Trader Secures Trump Dinner Spot for $1,200

Buyer TRUMP Morten Kristensen and four of his friends received invitations to a gala dinner with U.S. President Donald Trump, spending about $1,200 for a spot. This was reported by Bloomberg. To be among the top 220 holders, one needed approximately $54,500 in tokens over the past three weeks. However, Kristensen and his friends found […]

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ForkLog 32 14.05.2025

Brian Armstrong Offers Former DOGE Employees Fast-Track Hiring at Coinbase

Coinbase CEO Brian Armstrong has extended an offer to former employees of DOGE to join the exchange through an expedited hiring process. https://t.co/dLuc9s65F5 — Brian Armstrong (@brian_armstrong) May 13, 2025 The initiative was prompted by a viral Fox News video featuring 22-year-old Ethan Shaotran, a former DOGE employee who dropped out of Harvard. In the […]

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