SEC Expands Crypto Custody to State Trusts
The U.S. SEC allows crypto custody at state-chartered trust companies, easing compliance for firms like @Coinbase and @Kraken, amid ongoing regulatory discussions. #Update #Crypto $BTC $ETH
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The U.S. SEC allows crypto custody at state-chartered trust companies, easing compliance for firms like @Coinbase and @Kraken, amid ongoing regulatory discussions. #Update #Crypto $BTC $ETH
The White House has withdrawn Brian Quintenz’s nomination for CFTC chair, ending a contentious process amid opposition from crypto figures like the Winklevoss twins. Quintenz plans to return to private sector work. #Update #Crypto
@SEC grants DoubleZero a no-action letter, allowing token issuance for decentralized infrastructure without triggering securities laws, praised by DeFi advocates. #Update #Crypto $2Z
@Coinbase’s bitcoin-backed loan program surpasses $1B in originations, with average loans at $54K. The firm plans to raise the borrowing cap from $1M to $5M soon. #Update #Crypto $BTC
@Arf and @HumaFinance are joining the Circle Payments Network to enhance cross-border stablecoin payments, enabling same-day USDC settlements and reducing prefunding needs for institutions. #Update #Crypto $USDC
Stablecoin market cap surges 42% to nearly $300B this year, driven by the U.S. GENIUS Act; Circle’s $USDC gains share, while Tether’s dominance declines. #Update #Crypto $USDC
@Visa is launching a pre-funding pilot using stablecoins via Visa Direct for cross-border payments, allowing businesses faster access to liquidity without needing large fiat reserves. #Update #Crypto $USDC
@SocieteGenerale’s SG-FORGE launches euro and dollar stablecoins, EURCV and USDCV, on DeFi platforms Morpho and Uniswap for 24/7 trading, enhancing liquidity with market maker Flowdesk. #Update #Crypto $EURCV $USDCV
DOGE attempted a breakout above $0.24 but faced resistance, ending at $0.23 after 40M DOGE whale outflows; remains above its 200-day moving average. #Update #Crypto $DOGE
@Ripple Chief Legal Officer Stuart Alderoty emphasizes the urgent need for clear U.S. crypto regulations, citing significant consumer adoption and support for stronger oversight. #Update #Crypto $XRP
Gold’s price surged to a record $3,800 per ounce, boosting gold-backed tokens’ market cap to $2.88 billion; PAXG and XAUT lead with all-time highs. #Update #Crypto $PAXG $XAUT
@NYDFS Superintendent Adrienne Harris will leave her position on Oct. 17, 2025; Kaitlin Asrow to serve as acting head. Harris oversaw significant regulatory guidance for crypto firms during her tenure. #Update #Crypto $BTC $ETH
@Notabene launches Notabene Flow, a stablecoin payment platform enhancing compliance and security for high-value transactions, with initial adoption by firms like Zodia Custody and Bitso. #Update #Crypto $USDC
The U.S. SEC has instructed ETF issuers to withdraw 19b-4 filings, expediting approvals for crypto ETFs under new listing standards, potentially allowing rapid approvals. #Update #Crypto $BTC $ETH $SOL