Webtagr - Technology News Summarizer

US to Put GDP Data on Blockchain: Trump's Crypto Vision?

2025-08-29

US Commerce Secretary Howard Lutnick announced the Department of Commerce will publish economic statistics, including GDP data, on a blockchain. This initiative, spurred by President Trump's vision, aims to improve data distribution efficiency across government agencies. While blockchain technology enhances data security and transparency, it doesn't guarantee accuracy. The move comes amid Trump's repeated questioning of US economic data reliability, contrasting with other governments' blockchain adoption, such as Estonia's e-health system and the EU's EBSI project.

Ripple Seeks US Banking License, Following Circle's Lead

2025-07-04

Crypto firm Ripple Labs is following in Circle's footsteps, applying for a US banking license to bolster its ties with traditional finance and enhance trust in its stablecoin, RLUSD. CEO Brad Garlinghouse confirmed the application to the OCC, alongside a bid for a Federal Reserve master account to improve RLUSD security. This move comes amidst the passage of the GENIUS Act regulating stablecoins, and could set a new benchmark for trust in the stablecoin market due to the increased federal and state oversight. XRP, Ripple's token, saw a 3.2% price increase following the news.

EU to Ban Anonymous Crypto Accounts by 2027

2025-05-05

The European Union is set to implement sweeping Anti-Money Laundering (AML) rules, banning privacy-preserving tokens and anonymous cryptocurrency accounts starting in 2027. Credit institutions, financial institutions, and crypto-asset service providers (CASPs) will be prohibited from maintaining anonymous accounts or handling privacy coins like Monero (XMR) and Zcash (ZEC). The regulation also increases oversight of CASPs, with direct AML supervision for those operating in at least six member states. This is part of a broader EU push to regulate the crypto industry.