How India Is Turning Silver Into Money. In a move that has stunned global markets and delighted advocates of hard assets, India has quietly detonated a monetary bombshell: the Reserve Bank of India (RBI) is bringing silver back into the financial system. Beginning April 1, 2026, Indian banks will be authorized to accept silver as loan collateral. It’s the first modern recognition of silver as a monetary asset since the metal was gradually sidelined from global finance a century ago. But this is no symbolic gesture-it’s a calculated strategy that connects household wealth, national reserves, and geopolitical realignment under one.
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The post What Congress Has Left to Do This Year appeared com. The restarted Senate is moving forward with certain crypto initiatives, but how much time is left compared to how much work is left, really? You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Now that Congress is back from the government shutdown, all eyes are on how it will proceed on crypto issues. There are a few components to this: Mike Selig’s nomination to run the Commodity Futures Trading Commission, market structure legislation and other crypto matters. Why it matters Time is starting to run out for the crypto industry to lock in its wins from the 2024 election. While the GENIUS Act was a strong start for crypto businesses, and the Securities and Exchange Commission and CFTC are continuing their efforts to create new rules for the industry, the market structure bill is still far from completion. Congress has less than 40 days left this year and just a handful of months next year before it disperses for the midterm elections. Breaking it down The Senate Agriculture Committee voted 13-11 to advance CFTC Chair nominee Mike Selig’s name to the full Senate for a floor vote; if he secures a majority of votes, he should get sworn in shortly after. This may happen in the coming weeks. Selig said crypto is an important issue for the CFTC to look into, speaking to specific issues like onchain markets and the role of intermediaries, among other things. “The CFTC has a critical mission to protect these markets,” he said at his hearing on Wednesday. “This is a real opportunity to develop a framework that can allow for software developers to thrive, for new exchanges to crop up that are going to protect investors and.
The post Why Polygon Has the Perfect Product-Market Fit for the Post-Dollar World appeared com. Polygon provides an Ethereum-compatible scaling solution that allows applications, like tokenized gold platforms, to operate on a global scale. Seong, a developer at Polygon, explains that with this, Polygon has already established itself as the bridge between DeFi and real-world markets. Polygon co-founder and CEO Sandeep Nailwal shared a milestone on X, announcing that the network had achieved its highest daily payment app volume of 2025, hitting $72 million in transactions. Nailwal highlighted particularly strong growth in Latin America, noting that the payments app Avenia. io alone drove $25 million in volume in a single day. “Reached 2025’s highest daily payment app volume last week at $72M! More and more growth is happening in Latin America, with Avenia. io driving $25M in volume in a single day. Looking forward to meeting Latin American builders at Money Rails at DevCon,” he wrote. is not aware of the global economies that are shifting atm,” Seong began, referencing several key developments. The U. S. Argentina, facing chronic inflation and debt default risk, represents a typical case where the IMF is heavily influenced by U. S. policy. steps in with dollar loans. Seong also notes the asymmetrical resilience of the global financial system, in which emerging markets often lack deep capital markets and foreign reserve buffers, leaving them vulnerable to capital flight. It’s a cycle: the dollar strengthens, their currencies collapse, and inflation rises. China has had an ongoing initiative to reduce its holdings.