News
19 Jul 2025, 10:01
Tether will register USDT in the U.S. under the GENIUS Act’s foreign issuer rules
Tether will begin offering USDT legally inside the United States through the foreign issuer pathway under the GENIUS Act, just signed into law by President Donald Trump at the White House on Friday. Right after the signing, Paolo Ardoino, the CEO of Tether, said the company will follow the new rules laid out for non-U.S. stablecoin firms, which means USDT, currently issued from El Salvador, will now be eligible to circulate within American borders. “We’ll be working very, very hard to make sure we comply with the foreign issuer pathway within the GENIUS Act,” Paolo said. “It’s crazy that sometimes people think Tether will not comply.” He added that the company has three years to fully meet all requirements, including anti-money laundering laws and audited reserves, something Tether has never completed but now intends to do. “We are going to be very precise and very dedicated to that,” he said. USDT approval won’t stop local stablecoin launch Even with plans to push USDT through the foreign issuer route, Paolo confirmed Tether still intends to roll out a second product, a U.S.-specific stablecoin designed to meet domestic compliance standards. The idea for the local stablecoin first came up in April, when Paolo hinted that Tether might need an entirely separate coin for American users in order to avoid legal issues once new legislation dropped. Now, both products will launch side-by-side under different paths. The two stablecoins are aimed at different types of users. Paolo explained that USDT will likely be used “mostly” by immigrants working in the U.S. who send remittances to their families abroad. “There are a lot of expats [who] work in the United States, and [their] families are at home,” he said. Meanwhile, the new U.S. coin is expected to serve businesses and institutions that need to stay fully aligned with American laws. Tether’s decision to pursue both avenues, getting USDT registered and building a local coin, comes after months of speculation that the company might be locked out of the U.S. market altogether. At $161 billion, USDT is the largest stablecoin in the world, and its future in America had been uncertain as Congress debated how to regulate foreign-issued crypto assets. But with the GENIUS Act now signed into law, Paolo said Tether is moving ahead on both fronts. Circle says GENIUS Act backs its own strategy Tether’s plans to go all-in on the U.S. market immediately raised questions about how Circle, the second largest stablecoin company, would respond. Circle is based in New York and has always pitched itself as the more transparent, regulation-first alternative to Tether. But when asked about Tether’s next steps, CEO Jeremy Allaire kept his cool. “I think the GENIUS Act enshrines in law Circle’s way of doing business,” Jeremy reportedly told Decrypt. Unlike Tether, Circle regularly releases public audits of its reserves and has long worked with global regulatory frameworks. Jeremy said those efforts have helped Circle form partnerships with major financial institutions, and that the new law will only accelerate those opportunities. “We think that this law obviously continues to accelerate that opportunity for us,” he said. Jeremy made it clear that Circle plans to continue operating exactly as it has, arguing that the GENIUS Act rewards companies that already follow the rules. Tether’s sudden push for compliance, on the other hand, marks a shift in tone from a company that has historically operated without full transparency. Despite being the top two stablecoin issuers globally, Paolo and Jeremy rarely end up in the same place. But Friday’s bill signing at the White House was an exception. Both men stood behind Trump during the signing ceremony, and later walked out to brief reporters on what came next. While they were only 20 feet apart, they didn’t speak, didn’t shake hands, and didn’t even exchange a glance. That quiet standoff said everything. Both Tether and Circle are now racing to control the stablecoin space inside the U.S.—one from El Salvador, the other from New York—and both believe they’re better suited to handle the pressure of America’s new crypto law. There won’t be room for both at the top. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
19 Jul 2025, 10:01
Why Dogecoin (DOGE) Price is Surging Today?
The post Why Dogecoin (DOGE) Price is Surging Today? appeared first on Coinpedia Fintech News Dogecoin, the internet’s favorite memecoin, is surging while the overall crypto market is trading in red due to the profit taking by investors. Dogecoin (DOGE), which is clinging to its spot as the 8th largest cryptocurrency by value, is up by 6% in the last 24 hours and is now trading around $0.25 , a jump from $0.20 just a week ago. But why is Dogecoin price surging today? Why Is Dogecoin Pumping? One key factor is the recent passage of the Genius Act in the U.S. House of Representatives. The new crypto bill offers clearer rules for digital assets, boosting confidence in the industry. Instead of slowing growth, these clearer guidelines may encourage broader adoption of cryptocurrencies like Dogecoin. Another big reason is the growing hype around meme coins. July alone has seen $17 billion flow into meme tokens, with DOGE leading the pack. Its strong brand recognition and deep liquidity make it the first choice for traders looking to ride the meme coin wave. Tech Upgrades and Whale Activity In addition to this, the recent Dogecoin’s partnership with Solana through Wormhole’s ZK bridge is another major boost. This integration allows DOGE to be used in decentralized finance (DeFi) applications and NFTs, expanding its use far beyond memes and tipping. At the same time, whales are loading up on DOGE. Data from Ali Martinez shows that large investors bought over 1 billion DOGE (worth about $250 million) in just 48 hours. Adding to the excitement, Bit Origin recently announced a $500 million fund to build its Dogecoin treasury. DOGE Price Prediction However, crypto analysts Ali Martinez believe DOGE could soon test resistance at $0.27. If it breaks and holds above this level, targets of $0.30–$0.36 become possible, with some even predicting $0.50+ if momentum continues. As Dogecoin $DOGE overcomes the $0.20 resistance barrier, the next key hurdle to watch is $0.36! pic.twitter.com/bs1oQER1Xt — Ali (@ali_charts) July 18, 2025 For now, Indicators like RSI and MACD remain bullish without showing extreme blow‑off conditions. Breakouts through prior resistance attracted momentum traders, adding a second wave of buys.
19 Jul 2025, 09:43
Wisconsin is considering new regulations to protect residents from crypto ATM scams
Wisconsin is currently considering new laws to protect its residents from the menace of crypto scams. According to reports, residents in Wisconsin have lost thousands to the growing crypto scam, showing the need for better regulations that aim to protect them from losing more. The sheriff’s office in central Wisconsin also discussed the rise in fraud related to Bitcoin in the region, noting that one person lost as much as $40,000 in a single case. “Having these restrictions is only going to provide financial safety for our Community, and we’re super excited that someone’s moving forward with that,” said Investigative Lt. Scott Goldberg. Wisconsin set to unveil new laws to tackle crypto scams According to a newly proposed law , Bitcoin Treasury Machines are expected to be restricted, which means that if someone loses funds through one of these machines, the cryptocurrency company will refund the victim. In addition, the newly proposed regulation will also require every cryptocurrency machine company to post signs warning users about fraudulent transactions. Under the bill, only $1,000 in BTC can be sent at in a day, and fees charged by crypto firms will be reduced per transaction. Cryptocurrency fraud has been on the rise in the past few years, and fraud prevention experts have pointed to crypto ATMs as one of the favorite tools that scammers are now using to facilitate their crime. This is because these machines do not undergo the same regulatory process as traditional ATMs, and victims are not covered under any type of insurance for losses. “There’s no recovery, so that’s what makes these really, really difficult,” Scott Reeder, a loss prevention manager at UW Credit Union, said. “You can do police reports, but it’s just a dead end. There’s so much of this going on that there’s no resources to even look into recovering these funds.” In the past year, victims lost about $247 million to scams involving crypto ATMs, according to the FBI. The report also showed that the number of complaints the FBI received in 2024 over scams on crypto ATMs doubled. “Five years ago, we hardly ever heard about these, and it’s been a constant incline since, and it’s getting more and more prevalent,” Reeder said. According to authorities, a West Allis native who did not want to reveal her name due to privacy concerns reportedly lost $850 to a scam via a cryptocurrency ATM. Authorities claimed that the woman received a call from a man claiming to be a police officer with a warrant for her arrest. The woman said that the man said she had failed to appear in court, noting that it could be as a result of her aged mother misplacing the summons. “My mom has Alzheimer’s, and when he said the signature — he couldn’t make out — I thought it was my mom’s signature. So, I believed it right then and there,” she said. She added that she tried to investigate the claim, but every time she questioned him, he always dropped a subtle threat about her going to prison. She added that the scammer provided fake court paperwork to back his claim, asking her to clear up the situation by paying the fees she owed. To avoid being arrested, the man said she should wire the money from a nearby crypto ATM. “I knew nothing about Bitcoins,” Amy said. “I put the money in, and when I got back to the car, he proceeded to say he forgot something and wanted more money. And that’s when I snapped, and then he hung up the phone. And that’s when I knew I got scammed.” State Rep. Ryan Spaude, who authored the bill alongside Senator Kelda Roys, said if all the things proposed in the bill are adhered to, the rate of being defrauded via a crypto ATM drops drastically. “Cryptocurrency is here and actively being used — and we need to take steps to stop Wisconsinites from getting screwed,” Roys said. The Wisconsin Legislature is largely controlled by the Republicans, and without their support, the proposal may not become law. The next best thing for the sponsors of the bill is to look for cosponsors and hope to see bipartisan support for regulations for crypto ATMs. Meanwhile, Reeder has issued a warning to Wisconsin residents, urging them to stop and think before sending money to someone they have never met before using a crypto ATM under any circumstances. “If something just doesn’t make sense, you know, slow down. Ask for advice. Ask your financial: ‘Hey, does this make sense?’” he said. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
19 Jul 2025, 09:04
Goldman Sachs’ Chief US Economist Says Tariffs Unlikely To Spark a Prolonged Inflation Period, Predicts Three Rate Cuts This Year
David Mericle, chief US economist at Goldman Sachs, says that President Trump’s tariffs are unlikely to result in a lengthy period of inflation. In a new interview with CNBC Television, Mericle says he expects the Fed to make three rate cuts this year, starting in two months, as he predicts tariff-driven inflation will be transitory. “I think the latest batch of data suggests that the stakes are not hugely high at the moment, that the economy, the labor market at least, doesn’t seem to be in need of great rate cuts. But the inflation data, from my perspective, suggests that we’re doing just fine, and that the underlying trend is moving back towards something closer to 2% – even if tariff effects are and are likely to continue to give us a little bit of a boost on top of that. We still have three cuts penciled in for later this year. I think they could start in September, because I’m relaxed about the inflation news. I think we are moving in the right direction for reasons many economists anticipated; supply and demand, especially in the labor market, are back in balance. We’re seeing the end of catch-up inflation, and I’m not worried about tariffs unanchoring inflation expectations, but I do think you are seeing those effects show up from month to month.” Mericle also says that one reason why tariff impacts will be short-lived is that the economic conditions, particularly in the labor market, are much different from what they were about three years ago when inflation soared. “The actual boost to inflation, especially against a backdrop where the economy is not nearly facing the same degree of labor market tightness as it did back when we all worried about this in 2022, probably means that the tariff effects are not going to spark a long, prolonged period of high inflation.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Goldman Sachs’ Chief US Economist Says Tariffs Unlikely To Spark a Prolonged Inflation Period, Predicts Three Rate Cuts This Year appeared first on The Daily Hodl .
19 Jul 2025, 08:41
Ripple President Is Proud of Ripple and XRP Ledger. Here’s why
Ripple has taken a significant step toward expanding its institutional custody services in the Middle East by partnering with Ctrl Alt to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project. The announcement is notable, as it highlights Ripple’s growing global custody footprint and shows the increasing institutional interest in XRP in the UAE. Monica Long, President of Ripple, underlined the gravity of Ripple Custody’s role in this initiative. In a post on X, she highlighted the critical importance of secure, institutional-grade custody, stating, “As trillions of dollars of assets… become tokenized around the world, you cannot overstate the importance of bank-grade custody and security underpinning these assets.” She emphasized that safeguarding the DLD’s tokenized title deeds on the XRP Ledger (XRPL) is “no elementary task,” reinforcing Ripple’s position as a trusted provider of institutional-grade infrastructure. As trillions of dollars of assets (bonds, stocks, real estate, the list goes on) become tokenized around the world, you cannot overstate the importance of bank-grade custody and security underpinning these assets. Proud to have Ripple Custody safeguarding the Dubai Land… https://t.co/jVkjT5N36K — Monica Long (@MonicaLongSF) July 17, 2025 Bank-Grade Security for Tokenized Assets The DLD launched this tokenization initiative in May. According to this announcement, Ripple’s custody solution will be responsible for the secure, scalable storage of these tokenized assets. According to Ripple, this effort will enable more transparent and efficient real estate transactions while opening the door to fractional ownership. The move aligns with Dubai’s broader push to modernize its asset markets through tokenization and digital transformation. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Ripple’s institutional-grade custody technology will serve as the foundation for securing tokenized property ownership records, which are now being issued on XRPL. This infrastructure will enable global investors to securely access Dubai’s real estate market, a development that could redefine asset accessibility and participation in the region. Ripple’s Strengthening Presence in the UAE This partnership complements Ripple’s expansion in the UAE’s digital asset space. Earlier this year, Ripple became the first blockchain-enabled payments firm to be licensed by the Dubai Financial Services Authority (DFSA), opening up a new market for XRP adoption. Ripple has also formed key relationships with regional financial institutions such as Zand Bank and Mamo . Both XRP and RLUSD are approved for use within the Dubai International Financial Centre (DIFC). With over a decade of experience and regulatory licenses across more than 60 jurisdictions, Ripple is positioning itself as a central infrastructure provider for tokenized asset markets. The UAE’s integration of Ripple Custody into the national real estate system demonstrates the growing institutional confidence in the firm’s role in powering the tokenized economy. As the tokenization expands, Ripple and XRP will play more prominent roles. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple President Is Proud of Ripple and XRP Ledger. Here’s why appeared first on Times Tabloid .
19 Jul 2025, 08:27
El Salvador’s Bitcoin U-turn: no new purchases since Dec 2024, IMF report reveals
El Salvador, once hailed as the global trailblazer for national Bitcoin adoption, is quietly shifting gears. After making headlines in 2021 for becoming the first country to embrace Bitcoin as legal tender, recent disclosures point to a dramatic slowdown. A new report by the International Monetary Fund (IMF), released on 15 July 2025, reveals that
