The SEC and CFTC join hands: State of Crypto
The SEC and CFTC signed a memorandum of understanding to do a better job providing a combined regulatory approach to the digital asset sector.
Policy
Court closes Custodia fight with Federal Reserve just as Fed opens master-account door
Just days after the Federal Reserve granted a limited master account to Kraken, crypto bank Custodia’s years-long court battle with the Fed concludes in a loss.
Stricter MiCA rules could thin crypto industry across the EU, says Swiss wealth manager
Crypto wealth manager Swissborg gets MiCA approval and prepares to move its European operations to France while targeting growth in markets including Germany, Italy and Spain.
Crypto-friendly fintech Revolut gains full UK banking license
The move is a major step in Revolut’s goal to become a global digital bank. Services like crypto and stock trading remain separate.
Stablecoins won’t get any kind of deposit insurance under GENIUS rules, says FDIC chief
The chairman of the U.S. Federal Deposit Insurance Corp. made clear that even pass-through deposit insurance won’t be allowed from third-party firms.
Coinbase says new U.S. tax-reporting rules for crypto are cluttered, confusing
The IRS’s 1099-DA tax form for reporting digital asset gains comes with a burden of over-reporting, Coinbase’s tax experts warned.
Trump’s cyber strategy vows to ‘support the security’ of cryptocurrencies and blockchain
This places blockchain security in the context of national technology competition alongside AI and quantum computing.
Binance tells Senate probe no accounts sent crypto directly to Iran
Crypto exchange pushed back on $1.7 billion Iran-linked flow allegations and called media reports behind the probe “defamatory.”
SEC, Justin Sun reach settlement over Tron lawsuit
Rainberry, a company affiliated with the Tron network, will pay a $10 million fine. Charges against Sun will be dismissed.
Eric Trump, World Liberty co-founder, calls banks ‘anti-American’ over stablecoin fight
The World Liberty Financial co-founder and presidential son posted about the ongoing negotiations on stablecoin yield on Wednesday.