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Today in crypto, Circle’s new Arc blockchain testnet launched with participation from more than 100 institutions, including BlackRock, Goldman Sachs, Visa and Mastercard, a US lawmaker is introducing new legislation aiming to ban President Donald Trump, his family members and elected government officials from trading crypto and stocks, and Michael Selig confirmed his nomination to chair the US Commodity Futures Trading Commission.
Circle, the world’s second-largest stablecoin issuer, launched the public testnet for Arc, its open layer-1 blockchain network built to bring global financial infrastructure onchain.
The rollout, which Circle calls the “Economic Operating System for the internet,” includes participation from over 100 major companies spanning banking, capital markets and fintech — among them BlackRock, Goldman Sachs, Visa, Mastercard and State Street, according to a Tuesday announcement.
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Author: Cointelegraph
