JPMorgan’s filing comes nearly three weeks after rival investment bank Morgan Stanley launched its own money market fund, the Stablecoin Reserves Portfolio. JPMorgan has filed to launch a tokenized money market fund on Ethereum, allowing stablecoin issuers to hold reserves backing their stablecoins in a regulated, cash-like vehicle while earning interest. The “OnChain Liquidity-Token Money...Continue Reading

Bermuda Premier David Burt announced several crypto-related initiatives to bring the island nation closer to the industry, including accepting and investing in digital assets and on-chain financial services. The government of Bermuda announced that it will begin moving payment and financial-services activities to the Stellar network as part of its plans to be a “fully...Continue Reading

The US Senate voted largely along partisan lines to confirm Kevin Warsh as a member of the Fed’s Board of Governors, despite many Democrats’ concerns about the central bank’s independence. The US Senate has approved Kevin Warsh as the newest governor of the Federal Reserve, with a vote on his confirmation as chair of the...Continue Reading