Tether’s US Stablecoin Strategy After GENIUS Act
A @KelmanLaw editorial says Anchorage Digital Bank, N.A., not @Tether_to, issues USAT; it notes that GENIUS Act approval has not been publicly established. #Update #Stablecoins
A @KelmanLaw editorial says Anchorage Digital Bank, N.A., not @Tether_to, issues USAT; it notes that GENIUS Act approval has not been publicly established. #Update #Stablecoins
The Commodity Futures Trading Commission sued Utah to stop its gambling crackdown on @Kalshi, arguing federal law gives it sole oversight of regulated prediction markets. #Update #Legal
Ireland fined @Coinbase’s Irish unit €3.25 million over customer-fund safeguards; U.S. regulators flagged tokenization, while a stablecoin lawsuit and crypto-fraud extradition advanced. #Update #Legal
Canada opened a 60-day consultation on stablecoin rules that would require 1:1 reserves, redemption rights and Bank of Canada oversight for issuers of tokens like $USDC. #Update #Regulation $USDC
Four French financial authorities urge changes to the Markets in Crypto-Assets Regulation to allow regulated third-party stablecoin rewards, opposing the European Central Bank’s wider ban. #Update #Regulation $USDC
South Korean lawmakers are weighing a fourth delay to the crypto tax, potentially pushing its start to 2029 as a gap in U.S. reporting complicates enforcement. #Update #CryptoTax #SouthKorea
@RobinhoodApp announced Dubai Financial Services Authority authorization and a Dubai International Financial Centre headquarters, targeting a 2027 Middle East rollout. Customers cannot access services yet. #Update #Regulation
Attorney @MDHesq says token pay agreements should spell out vesting, delivery and exit terms, while accounting for U.S. wage, securities and tax rules. #Update #Legal
@Evernorth’s warrant registration opens a potential $132 million funding route, but buying more $XRP would not necessarily raise XRP per share as new shares are issued. #Update #Crypto $XRP
South Africa will revise draft crypto rules after exchanges warned that proposed self-custody wallet bans could drive users to unregulated channels. Officials plan new consultations and closer alignment with global standards. #Update #CryptoRegulation
A new GENIUS Act guide says stablecoin issuers and distributors face different requirements. Businesses should map fund flows, review counterparties and assign compliance duties. #Update #Stablecoins @MDHesq
U.K. crypto users filed over 10,000 complaints about bank transfer restrictions, with @LloydsBank and @BarclaysUK leading. @StandWithCrypto urges case-by-case controls instead of blanket blocks. #Update #Banking
The Blockchain Association urges the US Treasury to clarify proposed GENIUS Act rules so DeFi software, validators and foreign stablecoin services are not wrongly held liable. #Update #Regulation
@OKX launched Shield for eligible U.S. customers, offering conditional account-takeover protection of up to $500,000. Board member Andrew Cuomo backed tokenized stocks and expects the CLARITY Act to remain stalled. #Update #Crypto