The Office of the Comptroller of the Currency (OCC) closes its GENIUS Act remark window on May 1. The four-day countdown ends 18 months of regulatory uncertainty for U.S. banks weighing fee stablecoin issuance. The deadline marks a turning level for company treasurers who’ve weighed stablecoins as a major fee rail. Many lacked formal federal…
The European Central Bank (ECB) signed agreements with three European standard-setting our bodies to construct the digital euro on open, non-proprietary infrastructure, instantly difficult the dominance of Visa and Mastercard throughout the eurozone. The offers with the European Card Payment Cooperation (ECPC), nexo requirements, and the Berlin Group give the digital euro a free, shared…
The Commodity Futures Trading Commission sued New York to dam the state from implementing its playing legal guidelines in opposition to federally registered prediction market exchanges. The criticism filed within the Southern District of New York seeks a declaratory judgment confirming federal preemption, plus a everlasting injunction barring state motion in opposition to CFTC-registered designated…
A US official mentioned on Friday that the $344 million in Tether (USDT) frozen on Thursday was linked to Iran. The official tied the blacklisted addresses to transactions routed by means of Iranian exchanges and Central Bank of Iran wallets. Treasury Secretary Scott Bessent confirmed a sanctions motion concentrating on the identical wallets, describing a…
The US Department of Justice (DOJ) has dropped its legal investigation of Federal Reserve Chair Jerome Powell, ending a case that had frozen Senate work on the Trump nominee set to switch him. US Attorney Jeanine Pirro introduced the choice Friday, successfully reversing her public stance from two days earlier, when she pledged to enchantment…
South Africa’s National Treasury has revealed draft laws that will pull cryptocurrency into the nation’s capital circulate framework, forcing holders to declare property above a threshold and give up non-public keys to enforcement officers on demand. The Draft Capital Flow Management Regulations 2026, revealed this week, would change South Africa’s 1961 alternate management guidelines and…
The Bank for International Settlements (BIS) says the largest crypto platforms now act like banks and prime brokers. They take deposit-like funds with out going through comparable prudential guidelines, creating crypto shadow banking dangers. A brand new Financial Stability Institute (FSI) paper labels the largest crypto service suppliers as “multifunction cryptoasset intermediaries.” The authors argue…
Wisconsin filed three lawsuits towards Kalshi, Robinhood, Coinbase, Polymarket, and Crypto.com. According to the announcement, authorities are shifting to close down the platforms’ alleged facilitation of sports activities betting exercise that Wisconsin treats as unlawful business playing. State Crackdown on Prediction Markets Widens The Wisconsin DOJ filed its lawsuits in Dane County. They search a…
The EU Council has adopted its 20th sanctions bundle in opposition to Russia. It consists of critical restrictions for the cryptocurrency sector. For the primary time, the European Union didn’t goal particular person platforms however as a substitute imposed a sectoral ban on all crypto providers registered in Russia. The Garantex Lesson: Why Targeted Sanctions…
Senator Cynthia Lummis endorsed Admiral Samuel Paparo’s case for Bitcoin (BTC) as a nationwide safety device, calling on Congress to move the Clarity Act. Lummis responded to Paparo’s April 21 Senate Armed Services Committee testimony, the place the Indo-Pacific Command chief described proof-of-work as a way of American energy projection. Lummis Calls for Clarity Act…