Welcome to another episode of Blockchain DXB), part of our special AI-powered series, The AI Takeover. This episode was researched, compiled, and generated with the help of NotebookLM by Google, showcasing how artificial intelligence is transforming content creation in the crypto and blockchain space.
Here’s what we cover today:
- JPMorgan joins Morgan Stanley in offering Bitcoin ETFs to eligible clients.
- Despite CEO Jamie Dimon’s vocal criticism of crypto (calling out its links to crime and money laundering), the bank will include Bitcoin in client investment statements.
- JPM won’t offer crypto custody but signals a regulatory shift under the Trump administration.
- The Fed still limits direct bank involvement with crypto firms.📎 Source: CNBC)
- The GENIUS Act: Guiding and Establishing National Innovation for U.S. Stablecoins.
- Aims to regulate payment stablecoins pegged to fiat like USD.
- Key provisions include:
- 1:1 reserves backed by U.S. dollars or short-term Treasuries.
- Strong AML/KYC compliance.
- Ban on algorithmic stablecoins.
- Smaller issuers can operate under state rules with federal oversight.
- Advanced with bipartisan support after initial Democratic resistance.📎 Bill Details)
- The U.S. Department of Justice is probing a major cyberattack on Coinbase Global.
- Coinbase’s CLO Paul Grewal confirmed the breach and cooperation with international authorities.
- Legal actions are expected against those responsible.📎 Source: Reuters)
- ETF applications from 21Shares, Bitwise, VanEck, and Canary Capital face delays.
- The SEC cites the need for more time to evaluate policy and legal implications.
- Reflects a cautious but shifting landscape under the new pro-crypto U.S. administration.
📌 Ripple expands in Dubai — building on its regulatory license, it announces new partnerships with Zand Bank and Mamo for blockchain-based payments.
📌 Cisco & HUMAIN (Saudi Arabia) — a major AI infrastructure partnership set to reshape the region’s tech landscape.📎 Slides & Visuals)
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