Adam Forsyth

Can Circle recover lost USDC? User complaints reignite old debate

USDC users are again asking whether Circle should offer a clearer recovery process for mistaken token transfers.  Summary USDC users are questioning Circle’s recovery options after claims of mistaken transfers to inaccessible contracts. Tether’s official recovery page says some mistaken USDT deposits may be reviewed case by case. Tether freezes far more stablecoin value than…

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G-7 finance ministers address global growth imbalances after Trump’s China summit

The world’s wealthiest democracies just spent a weekend in the Canadian Rockies talking about one country without actually naming it. G-7 finance ministers wrapped up meetings in Banff, Canada, with a communiqué pledging to address “unsustainable global imbalances” and “non-market policies” in global trade. The target of that language is about as subtle as a…

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CLARITY Act ethics fight blocks 60 Senate votes

The Trump ethics fight over crypto is now the biggest obstacle to the CLARITY Act reaching 60 Senate votes. Summary The CLARITY Act needs 60 Senate votes to overcome a filibuster, requiring at least seven Democrats to cross the aisle. An ethics provision barring government officials from crypto dealings is missing from the current text…

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Trump officials and nominees report at least $193 million in crypto assets: The Washington Post

A Washington Post analysis of financial disclosure documents found that nominees and officials in the Trump administration held no less than $193 million in crypto and blockchain-linked assets. The figure spans nearly 70 individuals, with holdings ranging from small investments to at least $120 million for a single appointee. President Donald Trump, who reversed his…

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