The two agencies sealed their memorandum of understanding to link the parts of their work that overlap, and coordinated crypto oversight is among the top goals.
The move is a major step in Revolut's goal to become a global digital bank. Services like crypto and stock trading remain separate.
The chairman of the U.S. Federal Deposit Insurance Corp. made clear that even pass-through deposit insurance won't be allowed from third-party firms.
The companies will be able to run their products in a controlled environment while regulators monitor risks and compliance.
Binance has sued The Wall Street Journal over a February report alleging the exchange halted an internal probe into Iran-linked crypto flows.
The U.S. Justice Department is investigating whether Iran used crypto exchange Binance to evade sanctions, per the Wall Street Journal.
The bill comes as the CFTC reviews its approach to event-based prediction markets, preparing new guidance to clarify how they should operate.
Senate Democrats' bill would write the prohibition into federal law even as the CFTC shifts toward a more permissive stance on event contracts.
The investment bank says such a move would benefit stablecoin issuers but could also create another obstacle for passing the Clarity Act.
As the window narrows to pass a crypto market structure bill this year, lawmakers told bankers at a Washington summit that the final bill won't risk deposits.
An Ohio judge denied Kalshi's motion for an injunction in a case in which the prediction market platform is suing state gaming authorities.
Consumers agree by a 6-to-1 margin that stablecoin yield laws “should be cautious and not take any steps that could undermine our existing financial system."
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The SEC chairman made clear that formal new ties between the U.S. markets regulators will run so deep as to include combined meetings with firms pitching products.
Commodity Futures Trading Commission chief Michael Selig updated his progress on guidance for DeFi developers, crypto derivatives and prediction markets.
Starknet is developing the STRK20 framework to enable privacy-focused stablecoins and other assets with built-in confidentiality.
CFTC Chair Michael Selig said the agency is drafting asset taxonomy, DeFi guidance and leveraged trading rules.
Financial services firm Aon accepted USDC and PYUSD stablecoins for Coinbase and Paxos's insurance premium payments.
The Bank Policy Institute is reportedly weighing a lawsuit against the OCC over national trust charters for crypto and fintech firms.
A congressional report on implementing the Genius Act acknowledges the existence of lawful uses for blockchain privacy tools even as U.S. regulators pursue enforcement cases tied to illicit finance.
Reform UK party leader Nigel Farage has invested in Stack BTC Plc, as the company expands its bitcoin treasury strategy.
Former CFTC Chair Christopher Giancarlo says banks, more than crypto firms, need the stalled Digital Asset Market Clarity Act.
Japan's benchmark Nikkei has plunged 7% after Monday's market open, while South Korea's KOSPI has dropped 7.9%.
Treasury disclosed data showing that since May 2020, more than $1.6 billion in deposits from mixing services flowed into crypto bridges.
The court found that while Binance was plausibly aware of its role in terrorist financing, the lawsuit failed to show firm connections to specific attacks.
The IRS’s 1099-DA tax form for reporting digital asset gains comes with a burden of over-reporting, Coinbase's tax experts warned.
This places blockchain security in the context of national technology competition alongside AI and quantum computing.
Senate Bill 314 provides a framework for payment stablecoin issuers in the state, aligning with federal GENIUS Act standards.
UK is working to finalize its broader crypto rulebook, but firms like Coinbase are urging regulators to avoid restrictive stablecoin policies.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.