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Wyoming is making significant strides in the world of cryptocurrency regulation and innovation. The state's select committee on blockchain has been active in proposing legislation, and they recently announced plans to launch a dollar-backed token by 2025. However, a major challenge will be educating consumers and businesses about cryptocurrencies and facilitating their adoption. The state is investing $5.8 million into the project, aiming to lower consumer payment costs using blockchain technology. The stable token initiative is part of Wyoming's efforts to diversify its economy and reduce dependence on the fossil fuel industry. [Extracted from the article]

Crypto lending platform Abra has settled with the U.S. Securities and Exchange Commission (SEC) after being charged with selling unregistered securities and operating as an unregistered investment company. Abra Earn, the program in question, allowed retail investors to deposit their crypto assets in return for interest. The SEC alleges that Abra exercised discretion in investing consumer funds and operated as an unregistered investment company. Abra will pay civil penalties, the amount of which is yet to be determined by the court. The startup has since wound down the Abra Earn program and transferred assets to customers' trade accounts. [Extracted from the article]

Crypto lending platform Abra has settled with the US Securities and Exchange Commission (SEC) after being charged with selling unregistered securities and operating as an unregistered investment company. Abra will pay civil penalties, the amount of which is yet to be determined by the court. The SEC alleges that Abra operated as an unregistered investment company and issued securities without complying with registration laws. The Abra Earn program, which allowed retail investors to deposit crypto assets in return for interest, had approximately $600 million in assets at its peak. Abra has since wound down the program and transferred assets to customers' trade accounts. [Extracted from the article]

With just 15 employees, these 29-year-old founders are creating a financial supermarket for startups and small businesses. [ABSTRACT FROM AUTHOR]

The launch of the FedNow instant payment system has raised the value of access to master accounts–which Kraken Bank, Custodia Bank and others haven't been granted. [ABSTRACT FROM AUTHOR]

Earnings beat estimates as impairment charges dissipate. Potential ETF challengers offer rewards then risks. [ABSTRACT FROM AUTHOR]

Agency follows up on Binance complaint with case that accuses largest U.S. crypto exchange of registration infractions, including 13 digital assets. [ABSTRACT FROM AUTHOR]

Digital assets stay with insurer, Signet future in doubt, community banks angry. [ABSTRACT FROM AUTHOR]

When it came to providing the infrastructure for efficiently bridging payments between traditional and digital finance, Silvergate's SEN and Signature's Signet networks were nearly indispensable. Who will fill the void? [ABSTRACT FROM AUTHOR]

Satvik Sethi's visa problems led to an unhappy London sojourn and a public parting of ways with his former employer. You can mint his goodbye letter. [ABSTRACT FROM AUTHOR]

Armanino is dropping clients as it winds down its cryptocurrency audit business amid criticism for missing red flags at collapsed crypto exchange. [ABSTRACT FROM AUTHOR]

Armanino is dropping clients as it winds down its cryptocurrency audit business amid criticism for missing red flags at collapsed crypto exchange. [ABSTRACT FROM AUTHOR]

Congressional testimony scratched after arrest in Bahamas; Washington may be seeking opening to bolster crypto regulation. [ABSTRACT FROM AUTHOR]

USDC has once again gained on USDT with a life from investor angst but history indicates that its momentum may not last. [ABSTRACT FROM AUTHOR]

Rising interest rates provide income boost but business withers with bitcoin price. [ABSTRACT FROM AUTHOR]

Mining company Bitdeer is launching a fund to purchase equipment on the cheap. [ABSTRACT FROM AUTHOR]

The online brokerage known for popularizing no-fee trading is aiming to provide the go-to wallet for crypto newcomers. [ABSTRACT FROM AUTHOR]

CoinShares is introducing an automated trading product for retail crypto investors, aiming for a market niche not well served by existing robo advisors. [ABSTRACT FROM AUTHOR]