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Image: crypto.news24/7 tokenized markets could expose a weekend dollar funding gap, GSN CEO warns
According to crypto.news, DBS and Citi executed a cross-border dollar transfer over a weekend using tokenized deposits via the Swift Digital Ledger, prompting industry discussions on settlement finality. Global Settlement Network CEO Ryan Kirkley warned that 24/7 money movement is not officially confirmed to deliver 24/7 legal finality or solve weekend liquidity strains.
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crypto.news24/7 tokenized markets could expose a weekend dollar funding gap, GSN CEO warns
According to crypto.news, DBS and Citi executed a cross-border dollar transfer over a weekend using tokenized deposits via the Swift Digital Ledger, prompting industry discussions on settlement finality. Global Settlement Network CEO Ryan Kirkley warned that 24/7 money movement is not officially confirmed to deliver 24/7 legal finality or solve weekend liquidity strains.
decrypt.co via LBankBanking Coalitions Lobby Senate Leaders for Harder Restrictions on Stablecoin Rewards Within Upcoming Legislative Framework
According to reporting by LBank News citing discovery coverage, multiple banking trade associations sent formal correspondence to congressional leadership demanding tighter provisions regarding digital asset rewards ahead of procedural voting. This development, which remains not officially confirmed by independent legislative bodies, highlights ongoing tensions between traditional financial institutions and digital asset advocates concerning deposit preservation and credit creation mechanisms.
Crypto BriefingHouse Ways and Means Committee Republicans Consider Dropping Crypto Tax Provisions
According to reporting by Crypto Briefing, Republicans on the House Ways and Means Committee are contemplating the removal of crucial digital asset tax provisions concerning mining and staking from a broader legislative package. This potential strategic shift is aimed at securing necessary bipartisan backing ahead of upcoming midterm elections, though the reported adjustments remain not officially confirmed by legislative leadership.
CryptoTickerSparkasse Crypto Custody: Examining Bank-Managed Digital Assets, Custody Positions, and Custodian Obligations
CryptoTicker reported that Sparkasse customers may soon buy Bitcoin and Ether within their banking apps using DekaBank as custodian, though users receive a custody position instead of private keys, a development that is not officially confirmed by all regional entities.
Crypto BriefingAnthropic CEO Calls for Government Role in AI Safety, Eyes Potential IPO
According to reporting by Crypto Briefing, Anthropic Chief Executive Officer Dario Amodei has publicly advocated for increased government involvement and external evaluations in the artificial intelligence sector, a development that intersects with discussions regarding corporate governance, potential public offerings, and broader market positioning, though these details remain not officially confirmed.
crypto.newsThailand SEC Proposes Daily Stablecoin Transfer Caps and Private Wallet Restrictions
According to reporting by crypto.news, the Securities and Exchange Commission of Thailand has proposed a daily cap of five million baht, roughly $151,000, on stablecoin transfers involving private wallets and foreign operators. The consultation is not officially confirmed as a final rule and remains open for public comments through September 25.