Policy

The Standard Chartered-backed issuer put HKDAP into beta on Wednesday, with HashKey Exchange and OSL Group cleared to mint and redeem for professional investors only.

Approval opens a comment period on Paul Atkins's three-track proposal: a startup exemption, a fundraising exemption, and a safe harbor that ends investment-contract treatment once network development is complete. Compliance-relevant adoption is a 2027 story.

The Senate reserved Monday's roll call for the continuing resolution. Majority Leader Thune now only says he hopes to begin consideration of the bill before the August 8 recess.

Majority Leader John Thune said the crypto market-structure bill wouldn't reach the floor before the August 7 recess. Galaxy's Alex Thorn set the odds of 2026 passage at 30 per cent, down from 50 last month.

Two IRGC-linked entities and eight shadow-fleet tankers were designated on 29 July, cutting the digital rail Tehran opened in May to charge Strait of Hormuz tolls in bitcoin and USDT.

The Fed chair asked officials to submit written views on shrinking a calendar that has held eight meetings a year since Paul Volcker set it in 1981. Six is the number circulating in Washington.

HB 639 gives residents a self-custody right, exempts miners and validators from money-transmitter licensing, and creates a dedicated superior-court docket for blockchain disputes.

The 18 July statutory deadline for GENIUS Act final rules pushes six federal agencies to publish frameworks that would impose bank-quality compliance stacks on stablecoin issuers — a cost structure the mid-market cannot carry and has been slow to prepare for.

The Securities and Exchange Commission opened a formal comment period on Tuesday covering crypto, prediction-market, and leveraged ETFs — a 27-question consultation that stops well short of a rule proposal but signals that the agency wants a written record before it rewrites how unconventional funds reach retail.

The EU's stablecoin grandfathering period expired on 1 July. Tether never applied for e-money authorisation, and Circle now enjoys close to a monopoly on regulated European stablecoin liquidity.

Tuesday's deadline ends the public window on the joint Treasury proposal that would treat permitted payment stablecoin issuers as Bank Secrecy Act institutions. Major banking groups asked regulators to halt the docket until the core GENIUS Act rules are written.

The SEC's proposal abolishes the seasoning period and public-float thresholds that have kept newly listed and smaller companies out of the shelf-registration regime since 1985. For crypto firms with IPOs in the queue, the rule change matters more than the Clarity Act.

Iran's new Hormuz Safe platform offers cryptographically verified insurance certificates against vessel inspection, detention and confiscation — payable in bitcoin. The revenue target is $10 billion a year. CoinDesk and Bloomberg cannot confirm that a single policy has actually been sold.

Senator Elizabeth Warren has demanded that the OCC produce records by June 1 explaining its approval of national trust charters for nine crypto firms including Coinbase, Ripple, Paxos, Circle, BitGo, Fidelity, Crypto.com, Protego, and Stripe's Bridge subsidiary.

BlackRock used the last day of the OCC's GENIUS Act comment window to demand the regulator scrap a proposed limit on how much of a stablecoin's reserves can be held in tokenised form. BUIDL backs more than 90 per cent of two of the largest crypto-native dollar tokens.

A CoinDesk poll of 1,000 registered voters published on May 3 found that 62 per cent do not trust the Trump administration to oversee the crypto sector, and 73 per cent — including 59 per cent of Republicans — oppose senior government officials holding personal business interests in the industry.

Senators Cynthia Lummis and Thom Tillis publicly stood behind the stablecoin yield language in the CLARITY Act on Monday after a coalition of five banking trade groups attacked the compromise as inadequate. The next two weeks will decide whether the deal holds.

Senators Tillis and Alsobrooks finalised the language on stablecoin rewards in the CLARITY Act on Friday, ending the months-long deadlock that had killed the bill's momentum. The compromise bans passive yield but preserves activity-based rewards — and Coinbase keeps the revenue stream that mattered most.

Senators voted unanimously on April 30 to bar themselves and their staff from trading on prediction markets, an immediate amendment to Rule 37 introduced by Ohio Republican Bernie Moreno after months of insider-trading concerns over senators wagering on policy outcomes they themselves were shaping.