On April 17, U.S. Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced the bipartisan Lummis-Gillibrand Payment Stablecoin Act, which proposes a comprehensive regulatory framework for stablecoins. This new legislation is designed to enhance consumer protection, promote responsible financial innovation, combat illegal finance, protect American interests, address custody issues, and support the dual banking system.
Bloomberg ETF Analyst Rebecca Sin has shed light on the potential challenges and prospects facing the newly approved spot Bitcoin and Ether ETFs in Hong Kong. According to Sin, mainland Chinese investors are likely to face significant barriers when it comes to accessing these funds due to existing restrictions on investing in virtual assets.
Kraken has launched a new open-source mobile wallet, offering a secure and transparent solution for managing digital assets. Developed with a focus on user privacy and open-source principles, Kraken Wallet aims to address key challenges in mobile crypto storage, such as secure key management and transaction signing, which are often hindered by mobile operating systems' limitations.
Top stories in the Crypto Roundup today:
- Senators Gillibrand and Lummis Spearhead Bold Legislation to Regulate Stablecoins in the U.S.
- Mainland Chinese Investors Likely Barred from Hong Kong's Spot Bitcoin and Ether ETFs, Says Bloomberg Analyst
- Kraken Launches Open Source Mobile Crypto Wallet