The U.S. Securities and Exchange Commission has put forward a proposal which, according to SEC commissioner Hester Peirce, could help clear up years of confusion around how a key broker-dealer rule applies across markets. Summary SEC has proposed limiting Rule 15c2-11 to equity securities, reversing its broader 2021 interpretation that raised questions for crypto assets….
Crypto exchange Bithumb will have to pay a fine of 36.8 billion won, about $24.5 million, after it was found to be in violation of South Korea’s Anti-Money Laundering rules. Summary South Korean regulators fined Bithumb 36.8 billion won, about $24.5 million, after identifying about 6.65 million AML-related violations during an inspection of the exchange’s…
Summary French Hill said the CLARITY Act could resolve issues left open by the GENIUS Act. Hill noted the House passed the CLARITY Act with bipartisan backing, including 78 Democratic votes. Lawmakers aim to ensure equal rules for bank and nonbank stablecoin issuers, Hill said. French Hill, chair of the U.S. House Financial Services Committee,…
Ghana has selected 11 crypto trading platforms to participate in a regulatory sandbox where they will “pilot their products and services in a controlled environment under the regulatory oversight” of the Securities and Exchange Commission. Summary Ghana’s Securities and Exchange Commission has admitted 11 crypto platforms into a regulatory sandbox to test their services under…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. I keep hearing the same lazy line that Europe “regulates first, innovates later.” That sounds clever on a panel. It also ignores what is happening on the ground. Firstly, financial markets do…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Few places in the world have advanced as quickly as the Gulf. It’s a place filled with skylines that rise almost overnight, governments that execute on their promises, and an appetite for…
Zerohash is looking to secure a United States national trust bank charter as it plans to operate a federally regulated trust bank. Summary Zerohash has applied for a United States national trust bank charter as it seeks to operate a federally regulated trust bank and expand its services under the GENIUS Act framework. Applications for…
Brazil’s central bank will force licensed crypto exchanges to prove asset sufficiency daily from Jan. 1, 2027. Summary Brazil’s central bank will require daily asset sufficiency reports from licensed crypto exchanges starting Jan. 1, 2027 New rules mandate full segregation of client and platform assets, plus on‑balance‑sheet recognition of crypto under a dedicated accounting manual…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Despite the wave of attention RWAs have received over the past couple of years, there’s a sense that everyone is waiting for something to shift. The problem is that many “tokenized” assets…
Some Members of Parliament in the United Kingdom, led by the chairman of the Joint Committee on National Security Strategy, Matt Western, are pushing for a temporary ban on political crypto donations due to concerns over foreign interference. Summary UK MPs have proposed a temporary moratorium on crypto donations to political parties until the Electoral…
