Stablecoins offer services that are similar to what traditional bank accounts offer. That has some bankers worried that deposits could flow out of the banking system.
A major fight is brewing over whether the right to control prediction market platforms like Kalshi and Polymarket lies with the states or the federal government.
Banks can offer interest on deposits, but cryptocurrency firms are asking whether they can offer something similar to people who hold stablecoins, a type of cryptocurrency.
In the Swiss lakeside town of Lugano, residents can pay for meals, shopping and even taxes with bitcoin, as part of local government's push to lure more cryptocurrency companies to the area.
Many cryptocurrencies like Dogecoin or Solana, known as altcoins, are waiting for approval by the SEC to be traded as exchange-traded funds. But with the government shutdown, that wait could be a lot longer.