tradingkey.logo

Crypto Daily | Fed Discusses Stablecoins Extensively; Fed Governor Says “Nothing Scary“ About Crypto

TigerAug 21, 2025 5:10 AM

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Fed Discusses Stablecoins Extensively in Recent FOMC Meeting Following GENIUS Act Passage

Federal Reserve officials focused significantly on stablecoins during their July 29-30 meeting, analyzing potential impacts on the financial system following the passage of the GENIUS Act.

In the minutes released on Aug. 20, the members of the Federal Open Market Committee (FOMC) mentioned the digital tokens multiple times.

The officials mentioned “payment stablecoins” extensively, due to the discussions taking place less than two weeks after President Donald Trump signed the GENIUS Act into law on Jul. 18. 

“Nothing Scary“ About Crypto, Federal Reserve Governor Says

Using cryptocurrencies to facilitate ordinary payments should be no more intimidating than swiping a debit card, Federal Reserve Governor Christopher Waller said on Tuesday.

“There is nothing to be afraid of when thinking about using smart contracts, tokenization, or distributed ledgers in everyday transactions,” he said in a speech at the Wyoming Blockchain Symposium in Teton Village, Wyoming. “This is simply new technology.”

Waller described stablecoins as a continuation of advancements in payments, pointing to the early days of physical cards that lacked magnetic strips or chips. Stablecoins have evolved from their original purpose, he acknowledged, but “have the potential to improve retail and cross-border payments,” while also making it easier to access the U.S. dollar globally.

China Considering Yuan-Backed Stablecoins to Boost Global Currency Usage, Sources Say

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets, Reuters reported.

The State Council - China's cabinet – will review and possibly approve a roadmap later this month for the greater usage of the currency globally, including catching up with a U.S. push on stablecoins, said the sources.

In that meeting, senior leaders are likely to deliver remarks to set the tone for stablecoins and define the boundaries of its application and development in business, said the source.

Gemini’s Winklevoss Brothers Donate $21 Million in Bitcoin to a Trump-Friendly PAC

Tyler and Cameron Winklevoss, the twin brothers who run the Gemini cryptocurrency exchange, said they’ve donated $21 million in Bitcoin to a Republican-oriented political action committee to help President Donald Trump expand his pro-digital asset agenda going into the US midterm elections.

“We want the American Golden Age and we are ready to fight for it,” Tyler Winklevoss wrote in an X post on Wednesday. “And we don’t just want another year of it, we want three more years of it.”

The cryptocurrency is going to the Digital Freedom Fund PAC. The group started an account on X in August. The brothers have filed to take their New York-based firm public.

Nasdaq to Delist BNB Token Treasury Company Windtree Therapeutics for Noncompliance

Nasdaq plans to delist BNB treasury company Windtree Therapeutics (ticker WINT) for failing to meet compliance requirements.

The firm appears to have confirmed the exchange’s concerns in a U.S. Securities and Exchange Commission filing on Wednesday, which shows the firm is noncompliant with Nasdaq Listing Rule 5550(a)(2) that requires a company’s stock to maintain a minimum bid price of $1.00 per share.

“On August 19, 2025, Windtree Therapeutics Inc. (the “Company”) was notified by The Nasdaq Stock Market LLC (“Nasdaq”) that as a result of the Company’s previously disclosed noncompliance with Nasdaq Listing Rule 5550(a)(2), Nasdaq has determined to delist the Company’s common stock from the Nasdaq Capital Market and, accordingly, will suspend trading in the Company’s common stock effective at the open of trading on August 21, 2025,” Windtree CEO Jed Latkin wrote in the SEC filing.

Bitcoin & Ethereum Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Wednesday was $311.57 million. The total net asset value of Bitcoin spot ETFs is $147.02 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.46%.

The Bitcoin spot ETF with the highest net inflow on August 20 was Bitwise Bitcoin ETF (BITB), with a net inflow of $619.81 million.

Source: SoSoValue

The overall net outflow of the US Ethereum spot ETF on Wednesday was $240.14 million. The total net asset value of Ethereum spot ETFs is $26.86 billion, and the ETF net asset ratio (market value compared to total Ethereum market value) is 5.11%.

The Ethereum spot ETF with the highest net inflow on August 20 was Grayscale Ethereum Mini Trust ETF (ETH), with a net inflow of $9 million.

Source: SoSoValue

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI