The ceasefire signals a potential shift towards diplomacy, impacting global 
oil markets and reducing speculative trading opportunities.
The post Iran agrees to 14-day ceasefire contingent on Strait of Hormuz 
reopening appeared first on Crypto Briefing.

Iran agrees to 14-day ceasefire contingent on Strait of Hormuz reopening

The Federal Deposit Insurance Corporation (FDIC) has moved to translate the 
country’s first crypto bill for stablecoins, the GENIUS Act, into concrete 
regulatory guidance for banks and their fintech subsidiaries that wish to use 
or issue stablecoins. In a notice of proposed rulemaking approved by the FDIC 
Board, the agency lays out “a prudential framework” for FDIC‑supervised 
permitted payment stablecoin issuers (PPSIs) and for insured depository 
institutions (IDIs) that provide custodial or safekeeping services tied to 
payment stablecoins. FDIC Issues GENIUS Act Rules The proposal addresses 
several core areas required under the GENIUS Act, including the composition 
and treatment of reserve assets, redemption mechanics, capital considerations, 
and enterprise‑level risk management expectations. It also clarifies how 
deposit insurance will apply to funds held as reserves backing payment 
stablecoins: the FDIC would make clear whether pass‑through insurance applies 
in those circumstances. Related Reading: Ethereum Ascending Channel Puts Price 
At $5,700, Analyst Reveals When To Sell In addition, the rule states that 
tokenized deposits that meet the statutory definition of “deposit” will be 
treated under the Federal Deposit Insurance Act the same as any other 
deposits, removing uncertainty about whether digital‑native forms of deposits 
would face different treatment. The FDIC’s rulemaking is narrowly focused on 
entities subject to its supervision: subsidiaries of insured State nonmember 
banks and state savings associations, collectively described as 
FDIC‑supervised IDIs, that receive approval to issue stablecoins through a 
subsidiary. Last December, the agency published a prior notice of proposed 
rulemaking under section 5 of the GENIUS Act to establish application 
procedures for such IDIs seeking approval to issue payment stablecoins. AML 
Certification For Stablecoin Issuers On capital, the FDIC is not yet 
prescribing a specific minimum capital amount, ratio, or an objective 
framework for minimum capital requirements. Instead, the agency is soliciting 
feedback on whether to create such a framework in future regulations. The 
proposed rule would also require a permitted payment stablecoin issuer to 
certify that it has implemented anti‑money‑laundering (AML) and sanctions 
compliance programs reasonably designed to prevent the issuer from 
facilitating money laundering or the financing of terrorism. Related Reading: 
Forget XRP Price Weakness, Investors Are Still Pouring In, And Wallet Figures 
Just Hit An Impressive Target The 197-page proposal further addresses 
technical and supervisory questions that have been a source of concern among 
stablecoin issuers, while leaving open some of the more complex calibration 
issues, like minimum capital quantification, for further consideration through 
the public comment process. By proposing this package of rules, the Federal 
Deposit Insurance Corporation is advancing the statutory mandate under the 
GENIUS Act to build a federal regulatory framework for payment stablecoins. 
The act requires the FDIC, alongside the other primary federal payment 
stablecoin regulators and the Department of the Treasury, to promulgate 
regulations establishing prudential standards for supervised entities that 
issue or materially support payment stablecoins. Featured image from OpenArt, 
chart from TradingView.com

FDIC Advances Rulemaking For GENIUS Act: New Framework For Stablecoin Issuers

The Morgan Stanley Bitcoin Trust will be the cheapest Bitcoin ETF on the 
market at an ultra-low 0.14% fee.

Morgan Stanley’s Bitcoin ETF set to launch on Wednesday

AI models have reached a level of coding capability where they can surpass all 
but the most skilled humans at finding and exploiting software 
vulnerabilities, Anthropic said.

Anthropic limits access to AI model, fearing future of cyberattacks

Shifting trader sentiment and geopolitical tensions may drive volatility, 
influencing Bitcoin&#8217;s future trajectory and market dynamics.
The post Bitcoin spot ETFs see $159M outflow, XRP ETFs gain $3.3M appeared 
first on Crypto Briefing.

Cryptocurrency price in CLP