White House Hosts High-Stakes Meeting to Push CLARITY Act Forward. Officials from President Donald Trump’s team are gearing up to host a key session on Monday, bringing together top executives from traditional banking and the cryptocurrency world to bring the stalled CLARITY Act back to action. Sources say the White House’s crypto council is behind this gathering.
Bybit to launch retail bank accounts with personal IBANs in February. Bybit plans to roll out IBAN-based fiat accounts on its platform. The feature is called MyBank and could go live as early as February 2026 if regulators approve. The MyBank product will allow eligible users to open accounts with their own International Bank Account Number, or IBAN, enabling them to hold, send, and receive traditional currencies without leaving the Bybit ecosystem.
USDU Launches as UAE’s First Central Bank- Approved Dollar Stablecoin. The United Arab Emirates (UAE) has officially approved its very first U.S. dollar stablecoin—a digital version of the U.S. dollar. This stablecoin is called USDU. A company named Universal Digital, based in Abu Dhabi, launched a stablecoin that is fully backed by the U.S. dollar reserves that will be held at major UAE banks, including Emirates NBD, Mashreq, and Mbank. An independent accounting firm checks these reserves monthly, offering transparency.
AI-enabled scams jumped fivefold in 2025: TRM Labs. According to TRM Labs’s 2026 crypto crime report, last year saw $35 billion in cryptocurrency funneled to scammer addresses around the world. Now this is a slight dip from previous years’ $38 billion. Illicit crypto wallets alone received roughly $158 billion last year, a massive 146 percent jump from $64 billion in 2024, fueled by new sanctions.
Your completely free resource hub designed to boost your knowledge of cryptocurrencies
Russia Slaps Huge “Undesirable” Label on WhiteBIT Crypto Exchange. Russia just imposed a big “undesirable” label on WhiteBIT crypto exchange, essentially kicking the platform out of the country because of its outspoken support for Ukraine’s military efforts. Under Russia’s rules on “undesirable organizations,” that tag means the WhiteBIT crypto exchange has to shut down all operations there immediately or face serious heat. Anyone caught working with or supporting the platform risks hefty fines or even jail time.
