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Browsing Category
Regulations
Ripple seeks a national bank charter approval to place RLUSD under state and federal oversight
Ripple applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) on July 2, CEO Brad Garlinghouse wrote in a post on X. The filing would place Ripple USD (RLUSD) under federal supervision while…
Arizona governor vetoes Bitcoin reserve fund bill for the third time
Arizona Governor Katie Hobbs has vetoed a proposed law establishing a state-run Bitcoin and digital assets reserve fund.On July 1, Governor Hobbs informed House Speaker Steve Montenegro in a letter that she opposed House Bill 2324, which…
SEC reportedly considering standard to fast-track crypto ETFs
The Securities and Exchange Commission (SEC) is working with US exchanges on a generic listing framework for token-based exchange-traded funds (ETFs) that could eliminate the need for issuers to file individual rule-change requests, Fox…
SEC approves Grayscale Index ETF conversion, clears Solana, XRP, Cardano for spot trading
The Securities and Exchange Commission (SEC) has approved the proposal to convert the Grayscale Digital Large Cap Fund into an exchange-traded fund (ETF), completing the conversion of the crypto index product into an ETF structure. …
South Korea halts CBDC plans, shifting focus to bank-led stablecoins
Local reports indicate that South Korea’s central bank has suspended its central bank digital currency (CBDC) pilot program, pivoting the nation’s focus toward a private, bank-led stablecoin initiative.The Bank of Korea (BOK) halted its…
Circle targets federally regulated trust status to manage stablecoin reserves, offer custody…
Circle applied to charter First National Digital Currency Bank to become a federally regulated trust that would manage USDC reserves and expand custody services for institutional clients.According to a June 30 announcement, Circle…
Senator Lummis announces OBBB crypto tax amendment while crypto advocates mobilize for approval
Senator Cynthia Lummis revealed on June 30 that she would introduce an amendment to add crypto tax language to the “One Big Beautiful Bill” (OBBB) amid pushes from crypto advocates in the same direction.Lummis posted on X that she is…
FATF sounds alarm over rising stablecoin misuse as global crypto rules lag
The Financial Action Task Force (FATF) said in a report released this week that global efforts to regulate virtual assets and service providers have improved but remain incomplete, with illicit use of stablecoins accelerating sharply in…
Bitcoin’s rising political clout reshaping US elections
Bitcoin owners are becoming a significant voting group in the United States, and their influence is poised to grow ahead of the 2026 midterm elections.Following their noticeable role in the 2024 presidential vote, recent polling from…
Dinari wins broker-dealer license to roll out tokenized stocks across US platforms
Dinari secured a US broker-dealer registration for its subsidiary, becoming the first platform cleared to offer blockchain-based shares of publicly traded companies to domestic investors, Reuters reported on June 26.The San Francisco…
