38 articles
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.
Stablecoin issuer Agora filed for a national trust bank charter with the OCC on April 24, racing for federal oversight while traditional banks pressure Congress to delay the underlying legislation.
Israel's Capital Market Authority approved BILS, a shekel-pegged stablecoin built on Solana by licensed brokerage Bits of Gold, making it the first regulated fiat-backed token in the Middle East.
Ben Zhou told CoinDesk that MiCA covers only spot trading, which doesn't generate enough revenue to sustain an exchange. Derivatives, tokenised assets, and stablecoin services require MiFID II and Electronic Money Institution licences that most crypto firms haven't even started pursuing.
A coalition including Coinbase, Kraken, Circle, and Andreessen Horowitz sent a joint letter to the Senate Banking Committee demanding a markup of the Digital Asset Market Clarity Act — the bill that would finally draw jurisdictional lines between the SEC and CFTC.
Robinhood added Zcash to its trading platform on Wednesday, making ZEC available in New York — where the BitLicense regime has historically shut out privacy-focused tokens — and sparking a 10 per cent price surge on volume that spiked 50 per cent.
The UK government has prohibited political parties from accepting cryptocurrency donations, a move designed to close what officials described as a foreign interference vulnerability in the country's electoral finance system.
Chairman Paul Atkins debuted 'Material Matters' with commissioners Peirce and Uyeda, who spent 28 minutes dismantling the Biden-era SEC's approach to digital assets and laying out a crypto-friendly regulatory reset.
Faryar Shirzad told Fox Business that the Senate Banking Committee could mark up the bill this month, with a floor vote following in May — a timeline the committee's own chairman has yet to confirm.
Payward's acquisition of Chicago-based Bitnomial gives it a designated contract market, a derivatives clearing organisation and a futures commission merchant under one roof — shortcuts that would have taken years to build from scratch.
CFTC Chairman Mike Selig told the House Agriculture Committee that Microsoft Copilot and new AI surveillance tools are compensating for a 23 per cent staffing reduction at the agency now responsible for overseeing both crypto spot markets and prediction platforms.
The SEC's Division of Trading and Markets has exempted providers of self-custodial crypto wallet interfaces from broker-dealer registration, subject to more than 20 conditions and a five-year expiry that leaves the industry reliant on temporary relief rather than permanent rules.
House Bill 798, signed on 14 April, requires crypto custodians to transfer abandoned digital assets to the state in-kind rather than liquidating them — and bars the treasury from selling for at least a year.
OKX has launched X-Perps, a MiFID-regulated perpetual-style derivatives product offering up to 10x leverage across ten trading pairs, available to retail and institutional traders across the European Economic Area.
The Bank of Russia has proposed mandatory KYC checks for all cryptocurrency transactions on domestic platforms, with a July deadline for legislation that would also require citizens to declare offshore holdings to the Federal Tax Service.
Representatives Horsford and Miller have reintroduced the PARITY Act, a revised crypto tax bill that applies stock-market wash sale rules to digital assets while offering tax deferral on staking and mining rewards.
The SEC's Division of Trading and Markets issued a no-action letter giving crypto wallet interfaces and DeFi front-ends a five-year window to operate without broker-dealer registration, subject to strict rules on fees, routing, and disclosure.
The FDIC has approved proposed rules requiring stablecoin issuers to honour redemptions within two business days, maintain one-to-one reserve backing, and meet capital and risk management standards — while explicitly excluding stablecoin holders from deposit insurance protection.
Japan's cabinet has approved amendments reclassifying cryptocurrencies as financial instruments under the FIEA, introducing insider trading bans, ten-year prison terms for unlicensed operators, and a proposed flat 20 per cent capital gains tax.
The amendment to the Financial Instruments and Exchange Act would subject 105 cryptoassets to the same regulatory framework as stocks and bonds, ban insider trading, and cut the maximum tax rate on crypto gains from 55% to a flat 20%.
The Commodity Futures Trading Commission has staffed its new Innovation Task Force with five senior advisors drawn from private practice and the agency's own ranks, moving from policy blueprint to drafting actual rules for crypto, AI systems and prediction markets.
The Hong Kong Monetary Authority handed its inaugural stablecoin issuer licences to HSBC and Anchorpoint Financial on Friday, selecting two winners from a field of 36 applicants and clearing the path for the city's first bank-issued HKD stablecoins within months.
New CEO Stephen Gregory is steering the exchange beyond spot crypto trading into prediction markets and derivatives after its US market share collapsed from 20 per cent to almost nothing following a $4.3 billion federal penalty and years of regulatory turmoil.
The SEC's sweeping Regulation Crypto Assets framework — covering startup exemptions, fundraising relief, and an investment contract safe harbour — is now at the White House Office of Information and Regulatory Affairs, the final gate before public comment.
The FDIC board voted on 7 April to advance a comprehensive prudential framework governing how federally supervised banks can issue, back, and redeem payment stablecoins, including a two-business-day redemption requirement.
The State Administration of Taxation and the National Financial Regulatory Administration jointly issued guidelines on 5 April that embed blockchain into the country's bank-tax data infrastructure, with a nationwide rollout targeted for 2029.
Trump signed the GENIUS Act into law on July 19, 2025, establishing the first federal stablecoin regulatory framework.
The combined market capitalization of stablecoins exceeded $200 billion in March 2025, driven by expansion of existing issuers and the launch of new entrants competing across different blockchain ecosystems.
The cryptocurrency industry deployed a record $130 million in campaign contributions and political spending during the 2024 U.S. election cycle, making it the largest corporate political spender for the election.
Uniswap Labs receives SEC Wells notice on April 10, 2024, indicating potential enforcement action against decentralized exchange operations and vault mechanisms.
Malta has officially passed three bills establishing regulatory frameworks for blockchain technology and cryptocurrency, positioning itself as the first country with comprehensive digital asset legislation.
Gibraltar has implemented the DLT Regulatory Framework on January 1, 2018, establishing comprehensive licensing requirements for blockchain firms operating within the jurisdiction.
South Korea's National Tax Service announced cryptocurrency taxation plans in December 2017, proposing income tax and transfer income tax on virtual currency holdings and transactions.
JPMorgan Chase CEO Jamie Dimon has publicly declared Bitcoin a fraud and stated he would fire any traders caught speculating in the cryptocurrency, intensifying Wall Street skepticism.
Japan's legislature has passed a law recognizing Bitcoin as a legal method of payment, bringing cryptocurrency exchanges under anti-money laundering rules and establishing capital requirements.
