The Commodity Futures Trading Commission (CFTC) updated its criteria for payment stablecoins to include national trust banks, allowing them to issue fiat-pegged tokens. This reflects the US regulatory environment post-GENIUS stablecoin law. The FDIC proposed a framework for commercial banks to issue stablecoins, subject to oversight and compliance with GENIUS Act requirements. Only overcollateralized stablecoins are recognized under the framework, excluding algorithmic stablecoins and synthetic dollars.

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1. Bitcoin price surges to new record high of $60,000, driven by increased institutional interest and growing adoption among mainstream investors.

2. Ethereum hits all-time high above $2,000 as demand for decentralized finance (DeFi) platforms continues to rise.

3. Major altcoins like Binance Coin (BNB) and Cardano (ADA) also experience significant gains, outperforming the broader cryptocurrency market.

4. NFTs (non-fungible tokens) gain popularity, with digital art sales reaching $50 million in March alone, signaling a growing trend in the art world.

5. Crypto exchange Coinbase prepares for IPO, with valuation estimated at $100 billion, making it one of the largest tech offerings in history.: CFTC Amends Guidance, Includes National Trust Banks As Stablecoin Issuers