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Revise is an NFT development solution that helps organizations and individuals secure, manage, log, and automate their NFTs and collections based on external events. Revise does this through a robust SDK, empowering developers to use NFTs like never before.
Hyperliquid Policy Center and Paradigm Call on the U.S. to Revise Stablecoin Anti-Money Laundering Rules
According to The Block, the Hyperliquid Policy Center and Paradigm have jointly written a letter to the U.S. Department of the Treasury urging revisions to a proposed anti-money laundering rule, stating that it could impose strict liability on stablecoin issuers for secondary-market transactions over which they lack substantive control.
U.S. Senate Republicans Urge Regulators to Revise Bank Capital Rules for Digital Assets
According to The Block, several Republican U.S. Senators sent a letter to the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), urging the establishment of a new bank capital framework for digital assets.
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134 U.S. Bank Executives Urge Senate to Revise CLARITY Act Stablecoin Provisions
134 officials and executives from U.S. banking associations and banks are urging the Senate to amend Section 10404 of the CLARITY Act before its final passage, in order to strengthen restrictions on the payment of interest and returns on payment stablecoins. The banking representatives hope lawmakers will broaden the scope of these restrictions, preventing companies from providing similar economic benefits for holding stablecoins through rewards, incentives, or other arrangements. They argue that if stablecoins can attract and retain balances through interest-like rewards, the funding base supporting local loans could be weakened by hundreds of billions of dollars. The letter asserts that deposits form the foundation for lending to families, small businesses, farmers, and local employers. The signatories state that clear rules would allow payment stablecoins to develop while preserving access to funding that supports community lending.
Hyperliquid Policy Center and Paradigm Call on the U.S. to Revise Stablecoin Anti-Money Laundering Rules
According to The Block, the Hyperliquid Policy Center and Paradigm have jointly written a letter to the U.S. Department of the Treasury urging revisions to a proposed anti-money laundering rule, stating that it could impose strict liability on stablecoin issuers for secondary-market transactions over which they lack substantive control.
U.S. Senate Republicans Urge Regulators to Revise Bank Capital Rules for Digital Assets
According to The Block, several Republican U.S. Senators sent a letter to the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), urging the establishment of a new bank capital framework for digital assets.