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Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ

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Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.

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Coin Market

US senator urges delay of CLARITY Act Senate markup until May: Report

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US Senator Thom Tillis said members of the crypto and banking industries still need more time to be heard.

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Arbitrum freezes $71M of Ether connected to Kelp exploit

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Griff Green, a member of Arbitrum’s security council, said the group acted with input from law enforcement and “did not make this decision lightly.”

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NY lawmaker proposes ‘AI dividend’ to address potential job losses

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The proposed AI dividend would be funded by taxes on AI use and equity stakes in AI companies, paying US citizens if automation meaningfully displaces workers.

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