AGP Executive Report
Last update: 6 hours agoStablecoin Rules: The OCC finalized its GENIUS Act framework, easing some reserve restrictions while leaving crypto platforms free to offer stablecoin rewards case by case. Issuers still cannot pay interest directly; the rules take effect Jan. 18, 2027, and banks warn rewards could pull deposits from lenders. Crypto Payments: Visa and Mesh plan to let users spend crypto and stablecoins at more than 175 million merchants, with balances converted at checkout and no new merchant hardware required. Bitcoin: BTC climbed back above $84,500 as markets rallied, while a wallet linked to Irish drug dealer Clifton Collins moved about $41.5 million in Bitcoin to a Coinbase Prime-linked address; the transfer does not establish that the funds were sold. Scam Crackdown: The White House says authorities have restrained nearly $1 billion in crypto tied to overseas scams and disrupted hundreds of fraudulent sites. The figures describe blocked funds, not money returned to victims. MiCA Debate: Cardano’s foundation urged the EU to fix problems in its existing crypto framework before adding rules for DeFi and staking.
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