‘Crypto Mom’ Hester Peirce Resigns From SEC Effective Oct 2

Hester Peirce, one of the institution’s most pro-crypto commissioners, announced she is leaving the commission on October 2. Peirce will join the Regent University School of Law as an associate professor in November, leaving her current public policy role. SEC Commissioner Hester Peirce To Step Down on October 2 The U.S. Securities and Exchange Commission […]

Circle Foundation Backs UN Stablecoin Payment Trials For Humanitarian Aid

TL;DR Circle Foundation has announced grants supporting digital-payment projects at the United Nations Development Programme and World Food Programme. The initiatives will examine how regulated payment stablecoins can improve the speed, cost and transparency of aid distribution. WFP plans to test two to three payment corridors over three years, while UNDP will build a Digital […]

Tether Says EQIBank Exposure Is Below 0.034% After US Asset Seizure

TL;DR Tether says assets held with offshore banking partner EQIBank represent less than 0.034% of its total group assets. U.S. authorities are seeking forfeiture of tens of millions of dollars tied to EQIBank payment processor Capstone. Tether says it had no knowledge of the conduct alleged by prosecutors and has not disclosed the exact amount […]