1. Bank of America CEO Says It May Launch Stablecoin

The CEO of Bank of America stated on Tuesday that the bank has historically been a secondary player in the cryptocurrency industry, and if U.S. lawmakers approve legislation allowing it, the bank is prepared to launch its own dollar-backed stablecoin. Bank of America CEO Brian Moynihan said in an interview with David Rubenstein at the Economic Club of Washington, D.C., “If they legalize it, we will enter that business.” Moynihan expressed confidence that there will definitely be a dollar-backed stablecoin, as he believes these digital assets function similarly to money market funds or bank accounts. It depends on Congress passing legislation; lawmakers and White House cryptocurrency and AI czar David Sacks indicated that legislation could be passed within the first 100 days of President Trump’s administration. “It’s clear there will be a fully dollar-backed stablecoin, […] so you will have a Bank of America coin and a dollar deposit, and we will be able to transfer them back and forth, because right now it’s not legal, but it’s like another foreign currency,” he said. Compared to companies like JPMorgan and Citigroup, Bank of America has been cautious in its approach to cryptocurrency. However, changing regulatory frameworks may force it to take action. The Trump administration has made it clear that it will support any efforts in the cryptocurrency space, partly to provide clearer regulatory guidance, which could intensify competition among Wall Street banks in this area. Another bank that had previously taken a wait-and-see approach, Charles Schwab, recently hired a head of digital assets to explore opportunities in the field. The stablecoin economy has bipartisan support, making it easier to legislate for these types of digital assets than for other areas of cryptocurrency. To push things forward, a group of lawmakers pledged earlier this month that Congress would pass legislation regarding stablecoins within the first 100 days of Trump’s presidency. While Democrats have expressed concerns about stablecoins being used for illegal activities, the Republicans fully control Congress, so it is likely that Congress will pass legislation that is friendly to digital assets, although any final bill may require some bipartisan support. The industry is already a major force in the payments space. According to Visa, stablecoins facilitated over $33 trillion in transaction volume over the past year, surpassing the total of Visa and Mastercard combined. -Original

2. Federal Reserve May Keep Rates Unchanged Until 2026

Current pricing in interest rate futures contracts indicates that the Federal Reserve will lower the policy rate by 25 basis points to a range of 4.00%-4.25% at its June meeting, with a greater than 70% chance of another rate cut as early as September. However, Bank of America CEO Brian Moynihan stated on Tuesday that the bank expects the Federal Reserve to keep rates unchanged for the next two years. He noted at a conference in Washington, “It will take years to squeeze out inflation, and the Fed’s efforts to control inflation are likely to continue until 2026.” Friday’s Personal Consumption Expenditures (PCE) report is expected to show progress by the Fed in combating inflation. -Original

3. U.S. Senators Push for Stablecoin Regulatory Framework

Wyoming Republican Senator Cynthia Lummis stated on Wednesday, “We are about to create a bipartisan legislative framework for stablecoins and market structure.” So far this year, the new Congress has focused on regulating stablecoins first, with both Republican and Democratic lawmakers introducing bills in recent weeks. -Original

4. Bybit and Safe Custody Dispute Over Hacker Attack Responsibility

Cryptocurrency exchange Bybit released a forensic review report on last week’s $1.5 billion hacker attack, which indicated that its systems were not breached, and the issue seems to stem from the Safe wallet infrastructure being compromised. Bybit concluded from the review that “the credentials of Safe developers were compromised,” allowing the Lazarus hacker group unauthorized access to the Safe wallet, which subsequently deceived Bybit employees into signing malicious transactions. However, a source told CoinDesk that despite the wallet infrastructure being subjected to a social engineering attack, the hack would not have occurred if Bybit had not “blindly signed” transactions. This term refers to a mechanism that approves smart contract transactions without fully understanding their content. Safe also issued a statement saying, “The Safe smart contracts were not affected, and the attack was conducted by compromising the machines of Safe {Wallet} developers, which impacted accounts operated by Bybit.” It also noted, “The forensic review by external security researchers did not indicate any vulnerabilities in the Safe smart contracts or the front-end and service source code.” The apparent back-and-forth between the two companies is reminiscent of the situation between WazirX and Liminal Custody, which blamed each other after a $230 million attack last July. On-chain data analyzed by ZachXBT shows that Lazarus is attempting to launder the stolen funds, with 920 wallets currently tainted by ill-gotten gains. These funds may have inadvertently mixed with those stolen in hacks against Phemex and Poloniex, linking the Lazarus group to these three companies. Bybit declared “war on Lazarus” as it crowdsources efforts to freeze the stolen funds. -Original

5. CFTC Commissioner Goldsmith Romero Announces Resignation

Following Brian Quintenz’s appointment, Commissioner Goldsmith Romero announced her retirement and resignation from her position as a Democratic CFTC commissioner. During her tenure, Goldsmith Romero warned of “contagion risks” in the cryptocurrency market and compared the industry to the 2008 financial crisis. -Original

6. Bank of America Considers Issuing “BofA Coins” Tokens

Odaily Planet Daily reports that Bank of America (BofA) Chairman and CEO Brian Moynihan stated that the financial services industry is about to enter the crypto economy, and stablecoins, like Bitcoin, are digital assets, but being dollar-backed will make stablecoins similar to money market funds with check-writing privileges or bank accounts. Brian Moynihan added that this means we will soon see the bank offering Bank of America tokens (BofA coins) linked to dollar deposit accounts. -Original

7. Circle CEO Calls for Stablecoin Registration in the U.S.

Circle co-founder and CEO Jeremy Allaire stated that companies issuing digital tokens pegged to the dollar should register in the U.S. “This shouldn’t be a free pass, right?” Allaire said in an interview with Bloomberg. “You can ignore U.S. laws, do whatever you want anywhere, and then sell the tokens in the U.S.” By market capitalization, Circle’s USDC is the second-largest dollar-backed stablecoin, trailing Tether’s USDT. Since President Donald Trump took office, cryptocurrency has been in the spotlight. In January, he issued an executive order listing specific actions, including advancing a more favorable regulatory framework for cryptocurrency. In February, Tennessee Senator Bill Hagerty introduced a stablecoin regulatory bill that would establish a regulatory framework for dollar-backed currencies. Allaire stated, “Whether you are an offshore company or a company based in Hong Kong, if you want to offer dollar stablecoins in the U.S., you need to register in the U.S., just like we have to register elsewhere.” Circle Chief Strategy Officer and Global Policy and Operations Head Dante Disparte echoed this sentiment. Disparte told CoinDesk in a statement, “All companies issuing dollar stablecoins—whether startups or companies based outside the U.S.—should have the opportunity to register in the U.S. and compete in a fair environment—no company issuing dollar stablecoins should be exempt from complying with sound and robust rules and appropriate prudential regulation.” The total market capitalization of the stablecoin industry is $232 billion, forming the basis of cryptocurrency trading. These tokens are also frequently used for international remittances. Several companies, including PayPal, have stated that they plan to expand their stablecoin offerings. PayPal’s General Manager of Small Business and Financial Services, Michelle Gill, told Bloomberg that the company intends to integrate its PYUSD stablecoin (ranked tenth by market capitalization) into more products in the coming months. PayPal has not yet commented on this to CoinDesk. -Original

8. Former House Financial Services Committee Chair Joins a16z

Odaily Planet Daily reports that former Chair of the U.S. House Financial Services Committee and North Carolina Republican Patrick McHenry announced he will join a16z as a senior advisor for technology policy. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com).

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。