OKX Hires Former Kraken Regulatory Strategist Marcus Hughes
Hughes will take on the role of global head of government relations at OKX, having previously held leadership roles at Kraken and Coinbase.
Policy
Crypto Lobby Pushes Back Against Bank Effort to Rewrite U.S. Stablecoin Law
Industry groups said repealing key provisions of the GENIUS Act would stifle competition and deny consumers meaningful choice.
UK Bitcoin ETNs Could Be a Bigger Deal Than People Expect
The FCA’s reversal of a ban on crypto ETNs after four years marks more than a regulatory tweak, with some industry voices calling it a turning point for Britain’s role in global crypto markets.
U.S. Federal Reserve’s New Supervision Chief Sold on Bringing Crypto to Finance
The Fed vice chair who leads banking oversight, Michelle Bowman, comes across as a crypto evangelist as she echoes industry views on its regulatory needs.
Ripple’s Global Co-Head of Policy on Four Best Practices for Digital Asset Custody
Ripple distills a Singapore workshop into four custody best practices: compliance by design, tailored models, operational resilience and governance.
Senate Banking Chair Tim Scott: 12-18 Dems May Vote for Market Structure Bill
The Senate only has a discussion draft out on market structure legislation so far, but Scott previously said he expects the bill to be done by the end of September.
U.S. Treasury Department Starts Work on GENIUS, Gathering Views on Illicit Activity
The new stablecoin law called for the Treasury engagement on detecting illicit crypto activity, so the department is opening a comment period.
U.S. Fed Officially Scraps Specialist Group Meant to Oversee Crypto Issues
The Federal Reserve has shuttered the Novel Activities Supervision Program it built in 2023 that was — in part — meant to focus on banks’ crypto activity.
Most Illicit On-Chain Activity Now Involves Stablecoins: FATF
Mass adoption of stablecoins will amplify illicit finance risks, particularly when it is handled unevenly across difference jurisdictions, the FATF said
Texas Ready for $10M Bitcoin Purchase After Governor Signs Bill for State Reserve
The Lone Star State appears as if it will be the first in the U.S. to hold bitcoin.