Regulation
Bank trade groups say Senate stablecoin reward fix ‘falls short’ amid deposit protection concerns
Major banking trade groups said a proposed fix to a key sticking point in passing crypto market structure legislation 'falls short.'
Regulation
Regulation
FINRA green lights Securitize for tokenized IPO underwriting and custody
Securitize is the first firm to receive FINRA approval to custody tokenized securities and underwrite onchain IPOs and secondary offerings.
Regulation
New York AG settles for $5 million with Uphold in first enforcement action against a crypto yield product promoter
The settlement is the first New York enforcement action to target a platform that promoted someone else's crypto yield product rather than its own issuer.
Regulation
BlackRock urges OCC to drop tokenized reserve cap idea, expand eligible assets in GENIUS Act comment letter
The world's largest asset manager opposed a potential 20% cap on tokenized reserve assets, a constraint that would limit products like its BUIDL fund.
Regulation
Leading Iranian crypto exchange Nobitex was founded by sons of elite political family tied to supreme leaders: Reuters
Reuters found that hundreds of millions of dollars in transactions tied to sanctioned Iranian state entities have moved through Nobitex since 2018.
Regulation
Coinbase says deal reached on Clarity Act stablecoin yield, clearing path to long-stalled Senate markup
Coinbase CEO Brian Armstrong urged the Senate Banking Committee to "mark it up" as a months-long stalemate appears to be at an end.
Regulation
Sen. Tillis Reveals CLARITY Act Stablecoin Yield Text, Senate Markup Soon?
Senator Thom Tillis has finally released the stablecoin yield text. It could indicate that a long-awaited Senate Banking Committee markup of the Digital Asset Market Clarity Act may be nearing. Ad Ad What Does The Stablecoin Yield Text Say? The plan, which is negotiated with Sen. Angela Alsobrooks,
Regulation
Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield
The newly released text of the Clarity Act reveals provisions that would allow cryptocurrency firms to offer yield-generating rewards on stablecoins while maintaining protective barriers around traditional banking deposit yields. The legislation, anticipated to be introduced in Congress, establishes a regulatory framework distinguishing between crypto-based reward mechanisms and conventional bank
Regulation
Brazil bars crypto settlement in regulated cross-border payment rails
Brazil’s central bank barred virtual assets from settlement inside regulated eFX payment rails as it tightens oversight of crypto-linked flows.
Regulation
Crypto market structure bill nears May push as ethics disputes and Trump ties cloud path forward
Crypto legislation is gaining momentum, with lawmakers eyeing a potential mid-May markup—even as key disputes remain unresolved.
Regulation
Senate Votes to Ban Senators and Staff From Using Prediction Markets
S. Res. 708 prohibits senators and staff from using prediction markets, and became effective immediately upon passage.
Regulation
Senator Warren questions Commerce Secretary Lutnick on Tether loan to family
Senator Elizabeth Warren has formally questioned Commerce Secretary Howard Lutnick regarding a loan that stablecoin issuer Tether allegedly provided to his family members. The Massachusetts Democrat sent a letter to Lutnick seeking detailed information about the financial arrangement and any potential conflicts of interest stemming from his role overseeing trade