In today's crypto news, Paul Atkins' nomination for the chair of the US SEC has advanced, with a Senate Banking Committee vote supporting his appointment. If confirmed, Atkins will replace former Chair Gary Gensler. The US Treasury has sanctioned eight crypto addresses linked to the Russian exchange Garantex and the Yemeni political group, the Houthis, with transactions amounting to nearly $1 billion primarily supporting Houthi operations. Additionally, the US House Financial Services Committee has approved the STABLE Act, aimed at regulating stablecoin issuers and ensuring transparency in their operations. This bill will now proceed to the House floor for a full vote, following the Senate's introduction of a similar stablecoin bill. Reports suggest that efforts are underway to align both legislative proposals to avoid complications during negotiations.

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