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Crypto group counters Wall Street bankers with its own stablecoin principles for bill

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Crypto group counters Wall Street bankers with its own stablecoin principles for bill

The current impasse over stablecoin yields in the U.S. Senate’s crypto market structure bill is now in writing, and the crypto side is holding the line on needing some forms of rewards for stablecoin users.

A White House meeting between Wall Street bankers and crypto executives hit a wall this week, despite officials in President Donald Trump’s administration urging the sides to find a compromise. The banks held their line that no stablecoin yield or reward is acceptable, arguing that such yields threaten the depository activity at the heart of the U.S. banking system, explaining their position in a one-page paper entitled “Yield and Interest Prohibition Principles.”

The Digital Chamber has now penned its own set of principles and began circulating it on Friday, defending the need for the section in the Senate Banking Committee’s draft bill that outlines a range of situations in which rewards could be acceptable. The latest document, obtained by CoinDesk, also says that the bankers’ request for a two-year study on stablecoins’ effect on deposits is acceptable, as long as it doesn’t come with an automatic regulatory rulemaking in response.

“We want to make the case known for policymakers that we do think this is a compromise,” said Digital Chamber CEO Cody Carbone, in an interview on Friday. With this document, the industry group is putting in writing that it’s willing to give up ground on anything that looks like an interest payment for static holdings of stablecoins, which would most closely resemble a bank savings account.

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While the crypto sector has been pursuing stablecoin products allowed under last year’s Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the bankers are trying to dial back that law with edits included in this pending Digital Asset Market Clarity Act. But the GENIUS Act represents the current law of the land, so Carbone suggested that his industry’s willingness to scrap rewards on stablecoin holdings is a significant concession, and the crypto companies should still be able to offer rewards when customers engage in transactions and other activity. Bankers should return to the table to talk again, he said.

“if they don’t negotiate, then the status quo is that just rewards continue as-is,” said Carbone, who suggested that his group’s wide membership — which includes banking members — can put it closer to the middle of the discussion. “If they do nothing and they continue to say, ‘We just want a blanket prohibition,’ this goes nowhere.”

He hopes the Digital Chamber’s new position paper can reset the negotiations that have halted progress on the legislation since an 11th-hour disagreement derailed a hearing on the bill in the banking panel a month ago.

“Hopefully we can be the voice or the middle man who helps drive this conversation once again, because we are the one trade that represents both sides,” Carbone said.

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The Digital Chamber’s principles on Friday highlighted two particular reward scenarios it wanted protected – those tied to providing liquidity and those fostering ecosystem participation. The group argued those two provisions of the draft bill’s Section 404 are especially important in decentralized finance (DeFi).

The White House is said to have called for a compromise by the end of this month. So far, the bank side hasn’t seemed to budge in repeated meetings, though Trump crypto adviser Patrick Witt said in a Friday interview with Yahoo Finance that another gathering may be scheduled for next week.

“We’re working hard to address the issues that were raised,” Witt told Yahoo Finance, saying he’s encouraged both sides to bend on the details.

“It’s unfortunate that this has become such a big issue,” he said, because the Clarity Act isn’t really about stablecoins, which was more appropriately the business of the already-passed GENIUS Act. “Let’s use a scalpel here to address this narrow issue of idle yield,” he added.

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The Senate Agriculture Committee has already passed its own version of the Clarity Act, which focused on the commodities side of the ledger, while the Senate Banking Committee’s version is more about securities. If the banking panel follows its agriculture counterparts, it’ll advance the bill along partisan lines. But if a final bill is to eventually be approved in the entire Senate, it’ll need a lot of Democratic support to clear the chamber’s 60-vote margin.

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Algorand price surges over 20% as Google quantum paper brings attention to ALGO

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Algorand price has broken out of a descending parallel channel pattern on the daily chart.

Algorand price shot up over 20% on Wednesday, becoming the best performer among the leading 100 crypto assets by market cap.

Summary

  • Algorand price surged over 20% to an eight-week high of $0.105, rebounding sharply after recently hitting an all-time low.
  • The rally followed its mention in a Google Quantum AI paper highlighting its post-quantum cryptography efforts, boosting investor visibility.
  • Rising futures open interest and a bullish technical breakout above key moving averages point to strengthening upside momentum.

According to data from crypto.news, Algorand (ALGO) price hit an 8-week high of $0.105 on Wednesday while bringing its market cap to over $936 million. The move follows just two days after the token hit an all-time low.

The main catalyst that drove the Algorand price rebound today is its citation by Google Quantum AI in a recent paper focused on the threats major blockchains face from quantum computing. Notably, the project was mentioned over 32 times in the document, ranking just after Bitcoin and Ethereum for its proactive stance on post-quantum cryptography.

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In contrast, some of the top crypto projects, such as Solana and XRP, were mentioned nearly half as often, while Hedera and Avalanche received zero mentions in the report.

Being cited in one of the most prestigious research papers gave Algorand a big boost in visibility and enhanced its technical appeal to investors who felt they got a massive discount from the token hitting its lowest level since inception.

A recent major development that has also supported its gains today includes Algorand’s integration into the Swiss retail bank PostFinance, which enabled its 2.5 million customers to directly trade and hold ALGO using their existing accounts.

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Demand from derivative traders has also buoyed the token price. Data from CoinGlass shows that the open interest dedicated to Algorand futures rose 55% over the past day to $58.9 million. 

Meanwhile, its weighted funding rate has shifted to a positive reading, suggesting that long position holders were paying short traders to maintain their positions, which is widely seen as a bullish signal for the market.

On the daily chart, Algorand price has broken out of a descending parallel channel pattern, a major bearish structure that had been capping gains since the beginning of this year.

Algorand price has broken out of a descending parallel channel pattern on the daily chart.
Algorand price has broken out of a descending parallel channel pattern on the daily chart — April 1 | Source: crypto.news

Algorand price has crossed over the 20-day, 50-day, and 100-day SMA back-to-back over the past two days, a sign that short-term momentum is turning aggressively bullish. Furthermore, the supertrend indicators, which traders use to gauge market direction, remain in the green, suggesting the path of least resistance is currently to the upside.

For now, $0.138, which marks the 200-day SMA, is the most important resistance level that traders would be keeping a close watch on. A break above that could signal a long-term trend reversal and open the door for a much larger recovery toward previous yearly highs.

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However, if Algorand price falls below the 50-day SMA at $0.088, it would invalidate the current breakout and likely lead to a retest of the recent all-time lows.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Now Defi quantum computing launches, helping BTC, XRP users earn up to $20k daily

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Bitcoin Core maintainers face shake-up as Gloria Zhao revokes PGP key

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

NOW DeFi launches quantum cloud mining as Bitcoin consolidates and XRP liquidity rises.

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Summary

  • Bitcoin and XRP consolidation increases risks for spot holders, driving demand for alternative yield strategies.
  • NOW DeFi launches “quantum computing cloud mining” to deliver automated returns without relying on market direction.
  • The platform converts crypto into cloud hashrate, enabling passive income without hardware or active trading.

As Bitcoin (BTC) enters a high-level, wide-ranging consolidation zone driven by global macroeconomic factors, and Ripple (XRP) sees increasing liquidity in cross-border payments, the crypto asset market is undergoing a new paradigm shift. 

For the massive number of spot holders, the time cost of “holding and waiting for a pump” and the risks of market pullbacks are rising sharply.

Against this backdrop, NOW DeFi, the world’s leading automated wealth ecosystem, officially announced today the full launch of its highly anticipated “Quantum Computing Cloud Mining” architecture. 

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By introducing exponentially advanced quantum computing power, NOW DeFi has successfully broken through the profit bottlenecks of traditional spot holding, providing global crypto investors with a brand-new path to ignore market bulls and bears, offering stable hashrate dividends of up to $20,000 per day.

In-depth market analysis: The “profit vacuum” for spot holders

According to Q1 on-chain data and technical analysis (TA), both BTC and XRP exhibit strong “supply lock-up” characteristics. However, during volatile price wicks, retail investors’ spot holdings are highly susceptible to paper losses. 

The vast majority of investors’ crypto assets remain in a “dormant” state, unable to generate compound interest while enduring immense psychological pressure from constantly monitoring charts. Furthermore, traditional DeFi staking yields have plummeted, leaving the market in urgent need of a high-return alternative backed by strong technical barriers.

NOW DeFi’s disruptive innovation: How does quantum computing generate yield?

To address this industry pain point, NOW DeFi integrates cutting-edge quantum computing with high-frequency node verification technology. The core advantage of quantum hashrate lies in its ability to process massive hash collisions and cross-market arbitrage models in mere milliseconds. 

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NOW DeFi “fragments” this top-tier computing power into cloud-based contracts. Holders of BTC, XRP, and other mainstream assets simply need to convert their assets into NOW DeFi’s hashrate fuel to earn 100% fully automated hashrate outputs — requiring zero hardware investment or market monitoring.

Core hashrate contract matrix: A wealth path from retail to institutional

To meet the needs of investors of all sizes, NOW DeFi has unveiled its latest quantum hashrate yield model. Data shows that top strategic investors can achieve explosive wealth growth through compound interest and high-frequency hashrate clusters:

Strategy Level Entry Threshold(USD) Strategic Cycle(Days) Est. Total Strategic Yield(USD) Strategy Positioning
Entry-Level Quantum $100 2 $8 Algorithm trial, ultra-short-term arbitrage
Standard Quantum $1,500 10 $235.5 Mid-term trend capture, compound growth
Advanced Quantum $5,000 15 $1,215 Deep learning-driven, long/short hedging
Elite Quantum $25,000 25 $11,250 Institutional execution logic, high-frequency arbitrage
Quantum Strategy $90,000 20 $36,000 Top-tier hashrate cluster, full market coverage

(For more strategy details and real-time dynamic data, please visit the official website)

How to earn passive income via NOW DeFi’s quantum hashrate?

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NOW DeFi was designed to make cutting-edge quantum technology accessible to everyone. Eliminating tedious hardware configurations and complex trading models, any investor can unlock exponential wealth growth in just four simple steps:

  1. Register and claim a welcome bonus: Instantly receive a $22 welcome bonus. Register today to claim a cash reward and start the passive income journey with zero risk.
  2. Select and Activate a Hashrate Contract: Choose a quantum hashrate package that suits a particular capital size. Once a strategy package is purchased, the system takes over immediately.
  3. 100% Fully Automated Yield: Say goodbye to staring at plunging charts. Without any market monitoring, profits will be automatically and accurately credited every 24 hours.
  4. Ultimate Liquidity and Flexible Withdrawals: Take full control of wealth. Once the account balance reaches $100, it can be withdrawn directly to a crypto wallet or reinvested to unlock exponential compound interest. Absolutely transparent, with zero hidden fees, no maintenance fees, and no surprise charges—100% of the money you earn belongs to you.

About NOW DeFi: The ultimate consensus for global safe-haven capital

NOW DeFi provides an elite-level automated wealth accumulation ecosystem, with the core vision of helping global investors stop losses in the spot market and achieve maximum returns with complete peace of mind. In the unpredictable crypto market, NOW DeFi has built a powerful global safe-haven consensus:

  • Global Safe-Haven Consensus: Trusted by over 10 million smart investors across more than 198 countries and regions who have successfully broken free from market volatility.
  • Fortress-Like Security: Equipped with industry-leading dual-layer protection from McAfee® and Cloudflare®, allowing you to sleep soundly knowing your funds are secured by military-grade encryption.
  • Seamless Multi-Asset Support: Offers unparalleled flexibility with direct settlement in top digital assets, including XRP, BTC, ETH, SOL, DOGE, USDC, USDT, BNB, and BCH.

Conclusion and action guide: Seize the early-adopter dividends of the quantum era

The ultimate goal of technical analysis is to guide trading. In 2026, as crypto market trends become increasingly complex, stopping senseless gambling in the spot market and shifting assets to the highly certain quantum hashrate track has become the consensus among smart investors.

For more information, please visit the official NOW DeFi website and download the application.

Email: [email protected]

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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Australia to Mandate Crypto Licensing Under New Law

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Australia to Mandate Crypto Licensing Under New Law

Australia has passed legislation that will bring many digital asset platforms and tokenised custody platforms under the country’s financial services licensing regime.

The Corporations Amendment (Digital Assets Framework) Bill 2025 has now cleared both houses of the Australian Parliament, according to parliamentary records, marking the biggest step yet in Canberra’s push to create a dedicated regulatory framework for digital assets.

Introduced in November 2025, the bill amends the Corporations Act and ASIC Act to regulate digital asset platforms and tokenised custody platforms, with the stated aim of improving consumer protection, market integrity and regulatory certainty.

The bill now awaits royal assent, the final step before becoming law. It is set to take effect 12 months after assent, with an additional transition period for businesses to comply.

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The bill requires crypto operators, including exchanges and custody platforms, to obtain an Australian Financial Services Licence (AFSL) from the Australian Securities and Investments Commission (ASIC), the country’s financial regulator.

Source: DECA

The Digital Economy Council of Australia (DECA), an industry group representing Australia’s digital economy, praised the development in a statement on LinkedIn.

“For the first time, we have a legislative framework that directly addresses digital asset platforms and it provides long-awaited clarity for businesses, investors and regulators, and marks a shift from uncertainty toward implementation,” DECA said.

Related: Australia fines local Binance unit $6.9M over client onboarding failures

Addendum clarifies treatment of MPC and crypto custody under new law

Jazz Ozvald, former assistant director of digital asset policy at the Commonwealth Treasury, took to LinkedIn to express delight at the milestone in passing the bill.

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He noted that the government also tabled an Addendum to the Explanatory Memorandum, which includes additional detail about how the bill is intended to apply where digital tokens are factually controlled through multi-party computation (MPC).

Source: Jazz Osvald

MPC is a cryptographic technology used to secure crypto wallets by splitting control between multiple parties, so no single person has full control. Transactions can only be approved when enough parties work together, making it harder for funds to be stolen or misused.

Related: Google targets 2029 post-quantum migration as threats draw nearer

The addendum says that the law only applies to platforms that actually hold crypto for customers, rather than just providing technology that helps control it, even in shared-control setups like MPC.

Magazine: Nobody knows if quantum secure cryptography will even work

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