Visa Introduces Credit Card Payment for Ethereum Gas Fees!

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• Rep. Maxine Waters has criticized PayPal’s new stablecoin and demanded for it to be regulated on par with financial institutions.
• Coinbase’s Ethereum layer-2 chain Base is now live to the public.
• The Federal Reserve will now require state banks to get written ‘non-objection’ from central bank before engaging with stablecoins, and Bitstamp has announced that they will stop U.S. trading of seven tokens identified as securities by SEC in Coinbase, Binance cases.

PayPal’s Stablecoin Criticized by Rep. Maxine Waters

Rep. Maxine Waters has voiced her criticism of PayPal’s new stablecoin, calling for it to be regulated on par with financial institutions. This statement was made amidst a larger discussion regarding crypto regulations and the need for more comprehensive laws in order to ensure stability and security within the cryptosphere.

Coinbase’s Ethereum Layer-2 Chain Live

Coinbase’s Ethereum layer-2 chain Base is now live to the public after months of development work and testing by their team of engineers and developers. This move marks an important milestone for Coinbase as it allows users to scale their transactions beyond what was possible through the base Ethereum blockchain itself, while also reducing fees significantly in the process.

Federal Reserve Requires Banks To Seek Approval For Stablecoins

The Federal Reserve has announced that state banks must obtain written „non-objection“ from the central bank prior to engaging with any stablecoins or other digital assets associated with payments or money transmission activities. This move is aimed at ensuring greater compliance standards are maintained within this increasingly popular sector of finance while also giving regulators more oversight into how these assets are being used within the economy at large.

Bitstamp To Halt US Trading Of Tokens Identified As Securities

Bitstamp has announced that they will halt all US trading of seven tokens identified as securities by SEC in recent Coinbase and Binance cases involving token sales deemed unregistered securities offerings by regulators due to lack of compliance measures taken during their launch processes on those platforms respectively . This news comes after several other exchanges have already suspended trading services for such coins in response to increased scrutiny from authorities over potential legal concerns surrounding them not being properly registered prior to launch attempts in some instances..

Visa Introduces Credit Card Payments For Gas Fees

In a bid toward simplifying blockchain transactions, Visa has introduced an experimental solution allowing users to pay gas fees associated with transactions via credit card payments instead of having to purchase ETH beforehand on exchange or via an on-ramp service followed by transferring ETH into their wallets first like before this innovation came about . It remains unclear if this feature will become widely available soon but its introduction nevertheless marks an important step forward towards making blockchain based payment solutions easier for mainstream consumers .