Regulations

Michigan lawmakers have revived a dormant proposal that could allow the state to invest public funds in crypto.On Sept. 18, the Management and Budget Act, also known as House Bill 4087, advanced to its second reading and was referred to…

The U.S. Securities and Exchange Commission (SEC) has approved a new set of generic listing standards for commodity-based trust shares on Nasdaq, Cboe, and the New York Stock Exchange.The move is expected to streamline the approval process…

New York’s top financial regulator advised banks to expand their use of blockchain analytics when handling virtual currency.The regulator noted in a Sept. 17 industry letter sent to state-chartered banks and foreign branches operating in…

British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry.A new consultation paper outlines how the watchdog intends to apply its rulebook…

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned two Iranian nationals accused of orchestrating crypto transactions to help Tehran sell oil in defiance of international restrictions.On Sept. 16, OFAC…

Defiance ETFs filed applications for Bitcoin and Ethereum related market-neutral exchange-traded funds (ETFs) called NBIT and DETH that execute a hedge fund arbitrage strategy.Bloomberg senior ETF analyst Eric Balchunas shared the filings…

A coalition of corporate Bitcoin (BTC) holders announced the first members of the Treasury Council on Sept. 16, positioning themselves as advocates for federal Bitcoin adoption.The Treasury Council includes nine chief executives from…

Bitwise filed a prospectus on Sept. 16 for a stablecoin and tokenization exchange-traded fund (ETF) structured as a 40 Act fund, positioning for potential launch around Thanksgiving.The proposed fund tracks the Bitwise Stablecoin and…

Binance is approaching a potential agreement with federal prosecutors to eliminate the requirement that it hire an outside compliance monitor from its $4.3 billion money laundering settlement.Bloomberg News reported on Sept. 16 that the…

France signaled it may challenge the right of some crypto firms licensed in other European Union countries to operate domestically, escalating pressure for centralized oversight of the bloc’s digital asset industry, Reuters reported on…