A new Digital Asset Act will regulate stablecoins, requiring 100% reserve backing and user redemption rights.
While South Korean financial officials acknowledged the need for new rules, disagreements over stablecoins delayed a broader crypto framework.
Bank of Russia outlined a new framework intended to let retail and qualified investors buy crypto under defined tests and caps by 2027.
In the realm of the so-called Howey Test to define investment contracts under SEC jurisdiction, Atkins says there should be a clearer path for crypto involvement.
The funding round was led by major investors including Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG and Coinbase Ventures.
Another no-action letter from the agency staff signals the SEC's view that state-chartered trusts are fine for handling digital asset custody.
The warning comes after AnchorX, a Hong Kong-based firm, announced a stablecoin called AxCNH, pegged to the offshore Chinese yuan.
The crypto industry has entered the long slog of rule writing on the stablecoin law, and the Treasury is inviting input on how to deal with illicit activity.
The American Innovation Project is the latest digital assets advocacy organization to launch, but its tax status could help it find a niche.
The new stablecoin law called for the Treasury engagement on detecting illicit crypto activity, so the department is opening a comment period.
The Federal Reserve has shuttered the Novel Activities Supervision Program it built in 2023 that was — in part — meant to focus on banks' crypto activity.
U.S. bankers are pushing hard for revisions of the new stablecoin law even before regulators have begun the first steps of writing the rules.
The new rules meal that stablecoin issuers will need to apply for a license in the region.
Brian Quintenz, Trump's CFTC nominee, has been delayed twice in the vote at the committee that would send his confirmation to the Senate floor.
Democrats continue to object as this week promises more developments in the White House's strategy to get digital assets involved in U.S. economic mainstays.
Only a few stablecoin licenses will be issued, Hong Kong Monetary Authority CEO Eddie Yue said.
The House market structure bill was supposed to get a final vote later Wednesday.
CMBI is the first Mainland China broker to get a virtual assets license from Hong Kong’s Securities and Futures Commission.
As prominent U.S. crypto insiders and Republicans in Congress push for industry unity on the House's Clarity Act, senators prepare to go their own way.
Jonathan Gould, a former top official at the agency and ex-chief legal officer for Bitfury, is set to run the OCC as Trump's pro-crypto policies rise into place.
The House Ways and Means Committee is set on July 16 to examine how to set up proper taxation for the crypto sector.
Heading into next week's "Crypto Week" on Capitol Hill, the House of Representatives is lining up a few votes as it puts its major focus on the Stability Act.
Michael Shannon Sims, a founder and promoter of OmegaPro, and Juan Carlos Reynoso, who led OmegaPro’s operations in Latin America and some parts of the U.S.
Some of the Republican senators working on digital assets policy shared a set of principals to steer the the digital assets policies they're contemplating.
The regulator is proposing allowing crypto exchanges to issue their own utility tokens.
The country's market regulator's proposed rules are meant to ensure stablecoins maintain their value and seek to reduce the likelihood of stablecoin and crypto custody companies failing.
The passage of a U.S. stablecoin bill could be one of the most important regulatory developments in the history of crypto, the report said.
Hong Kong has been working on establishing a stablecoin regime since 2023.
The Senate's stablecoin bill's issues may delay work on the far more important market structure legislation.
With more than a dozen groups advocating for crypto policies, including two new ones, the field of associations, political operations and lobbyists are legion.