The United States is set to release its GDP data via blockchain technology, marking a significant step in the integration of blockchain in governmental processes. This move aims to enhance transparency and security in the dissemination of economic data.
Meanwhile, the GENIUS Act, a legislative proposal aimed at regulating digital assets, is encountering resistance from the banking sector. Financial institutions have expressed concerns over the potential impact on their operations and the broader financial system.
In other developments, a global exchange group has called for stronger regulatory frameworks to govern cryptocurrency exchanges, highlighting the need for increased oversight to ensure market stability. Additionally, Solana's treasury activities have intensified, and Binance CEO Changpeng Zhao predicts a surge in decentralized exchange (DEX) usage. Google Cloud has also launched the Google Cloud Usage Ledger (GCUL), further expanding its blockchain services.
US GDP to Be Released on Blockchain; GENIUS Act Faces Banking Resistance
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