The Florida Legislature Passes the First State-Level Stablecoin Regulation Framework in the U.S., Awaiting Governor's Signature to Take Effect
March 7—
The Florida Senate on Thursday passed Senate Bill 314 by a 37-0 vote, clearing the way for the state to establish a regulatory framework for payment stablecoin issuance. The measure, paired with companion House Bill 175, will be sent to Governor Ron DeSantis for his signature within 30 days.
The legislation draws from the federal GENIUS Act—enacted last July—which outlines consumer protection and financial stability guidelines. Key provisions include:
- Amends the Anti-Money Laundering Act for Financial Service Businesses to bring stablecoins under regulatory purview, requiring issuers to comply with existing rules and barring unlicensed issuance
- Clarifies that certain payment stablecoins do not qualify as securities
- Requires out-of-state qualified payment stablecoin issuers to submit written notice to the state’s financial regulatory agency
- Some stablecoins will be regulated solely by the state Office of Financial Regulation (OFR), while others will be joi
5 minutes ago
Tether's major investor donates over ￡12 million to the UK Reform Party in support of crypto-friendly policies
March 7th — Per the latest disclosure from the UK’s Electoral Commission, London-based investor Christopher Harborne has made an additional donation to the UK Reform Party. Harborne is estimated to own a 12% stake in Tether, the world’s largest stablecoin issuer.
Disclosure documents show that after a ￡9 million donation he disclosed last year, Harborne gave another ￡3 million in November 2023. Led by Nigel Farage, the Reform Party has made digital assets a core part of its economic agenda, promising to turn the UK into a top global hub for digital assets and proposing to cut the capital gains tax on cryptocurrencies from the current ~18% to 10%.
In 2025, the Reform Party became the first UK political party to accept digital asset donations, letting supporters donate via cryptocurrencies like Bitcoin. This step has sparked concerns among some UK lawmakers. This past January, seven committee chairs called on the UK government to ban political donations in cryptocurrencies, arguing
5 minutes ago
The "Clarity Act" Negotiation Enters Key Window, White House Deep Engagement Emerges as Unique Variable
**March 7 – Kristin Smith, President of the Solana Policy Institute, recently commented on the legislative progress of the *Clarity Act*.**
Smith noted that while the bill has faced pushback—including Coinbase CEO Brian Armstrong’s withdrawal of support and banking industry controversies—its complexity has ensured the legislative process will be long-term. Current negotiations feature two key new developments: first, direct White House involvement, with presidential aides like David Sacks pushing for dispute resolution; second, traditional financial institutions joining talks for the first time. If the Senate Banking Committee completes its review in March or April, the legislation could advance before the July recess; otherwise, the next window likely delays until fall.
A former head of the Blockchain Association who helped pass the *Genius Act*, Smith argued that despite opposition from Elizabeth Warren and others, support from key Democrats like Chuck Schumer and ongoing press
5 minutes ago
A whale address bought an additional 6228 ETH on the dip 10 hours ago
March 7th — Per on-chain data from analyst Yu Jin, whale address 0x65b4 once again bought the ETH dip 10 hours ago, spending $12.5 million in USDC to purchase 6,228 ETH at an average price of $2,007.
This address previously bought the dip in ETH and BTC following last year’s October 11 market crash, spending $32.58 million in USDC — only to sell at a loss in November, incurring an $830,000 USDC loss.
5 minutes ago
Coinbase Prime launches regulated futures and unified margin cross-collateralization, integrating spot and derivatives markets
Coinbase’s institutional service platform will integrate with CFTC-regulated futures broker Coinbase Financial Markets on March 7 to offer 24/7 trading of over 20 futures contracts, the company announced. It will also launch “perpetual” futures via Coinbase Derivatives—expanding its perpetual contracts lineup following crypto-native exchanges’ push into the derivatives market late last year.
Derivatives typically make up 70% to 75% of total crypto trading volume. The move comes as Coinbase ramps up its OTC brokerage services, aiming to become a one-stop institutional provider covering custody, risk management, financing, lending, and trade execution.
Last year, Coinbase began branding itself a “universal exchange,” announcing plans to expand into mature markets like stock trading and emerging areas such as tokenization and prediction markets. Last month, the exchange rolled out stock trading services nationwide. Competitors including FalconX, Bitgo, and DCG have spent years devel
5 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
