Congress has for years struggled to get any new laws passed for cryptocurrencies, providing greater clarity sought by both critics and proponents of digital assets. Stablecoin legislation may, nonetheless, be the lowest-hanging fruit given that stablecoins strongly resemble other regulated products like money-market funds, and there’s a strong incentive to create guardrails since they own important conventional assets like U.S. Treasuries.
MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M
While some had expected the company might adopt the new digital asset fair value accounting standard, and thus report a...