|Day's Range||0.9999 - 1.0003|
|52 Week Range||0.8774 - 1.0073|
|Volume (24hr) All Currencies||2.78B|
Market turmoil resulting from Silicon Valley Bank's collapse briefly caused Circle's USDC (USDC-USD) stablecoin to break its peg to the dollar. In response, the stablecoin issuer's management team has called upon the U.S. congress to urgently pass stablecoin legislation. In an interview with Yahoo Finance's Jennifer Schonberger, House Committee on Financial Services Chair Rep. Maxine Waters (D-CA), says the legislation could be passed in just a few days, hinting that the delay was due to concerns over which political party would be in control of the House of Representatives."The only thing that interfered, I think, with its passage was the anticipation that the house was going to change and it was going to be in the hands of the Republicans and they should take charge rather than those of us on the Democratic side," said Ranking Member Waters. Rep. Waters declined to give a timetable for the legislation, though she did reaffirm that she and Rep. Patrick McHenry (R-NC), are focused on stablecoin legislation and have bipartisan support to get it done. Key video Moments: 00:01:00 Bank stock sales and management bonuses 00:03:30 Republican bank deregulation 00:07:30 Stablecoin legislation Watch our full conversation with Rep. Maxine Waters here.
Cryptocurrency prices have soared in the wake of the collapse of California-based Silicon Valley Bank.
Authorities swooped in to guarantee SVB's deposits. Now experts are bracing for more bank runs.
Stablecoin issuer Circle is calling on Congress to quickly push through regulations after the firm's USDC broke its peg to the dollar over the weekend amid uncertainty on its deposits parked at Silicon Valley Bank.
Yahoo Finance’s Jennifer Schonberger joins the Live show to discuss Circle Chief Strategy Officer Dante Disparte’s call on Congress for the urgent approval of stablecoin regulation.
Silicon Valley Bank's collapse on Friday prompted a weekend of turmoil throughout the cryptocurrency sector, as UK and EU investors panicked after bitcoin and ethereum fell.
Ukraine has been purchasing military equipment using cryptocurrencies, according to the nation's deputy digital minister.
The new token will be deployed on the Ethereum network and backed by euro-denominated reserves held by US regulated financial entities, such as San Diego-based Silvergate Bank.
Stablecoins will not meet impending regulatory standards, the chair of the Financial Stability Board has warned.
Leaving behind a year of financial fiascos, Yahoo Finance UK looks at the web3 sectors that have the potential to shine in 2023 and beyond.
Nearly all of the S&P 500's sector rose Tuesday, enough to eke out a second straight advance after November CPI cooled more than expected.
Yahoo Finance's David Hollerith explains why Binance has temporarily halted USDC withdrawals.
Inflation in November cooled to 7.1%, with the report coming just before the Fed is expected to issue its final rate hike of 2022.
Insider's Phil Rosen breaks down how China is looking to disrupt the oil trade, and where prices are headed from here as supplies remain tight.
Monday's data points, along with Friday's jobs report, helped build the case for the Fed to stay aggressive at next week's meeting of the FOMC.
A major stablecoin issuer is formulating an intricate plan to ensure it always remains beyond the reach of centralised authority after US regulators froze USDC funds without warning.
TRON Founder Justin Sun joins Yahoo Finance Live to discuss financially distressed crypto companies, recent bankruptcies, the future of stablecoins, crypto buyouts, and the outlook for the crypto market.
Yahoo Finance crypto reporter Jennifer Schonberger reports on crypto regulation and the provisions holding up a House stablecoin bill.
Yahoo Finance's Brian Cheung discusses how cryptocurrencies are trading on Wednesday.
Yahoo Finance's Akiko Fujita discusses OpenSea layoffs amid the fallout in the crypto markets.
Bank of England deputy governor Jon Cunliffe lists the harsh lessons to be learned after the recent plunge into 'crypto winter'.