@WorldLibertyFinancial’s bank application will proceed without delay despite U.S. Senator Elizabeth Warren’s request for scrutiny over President Trump’s ties, according to Comptroller Jonathan Gould. #Update #Legal
The American Bankers Association prioritizes curbing yield-bearing stablecoins by 2026, citing risks to bank deposits and lending capabilities; the crypto sector argues these concerns are exaggerated. #Update #Crypto
South Korea’s Digital Asset Basic Act (DABA) faces delays due to disputes over KRW-pegged stablecoin issuance, with the Bank of Korea advocating for a 51% ownership rule, while the Financial Services Commission seeks more flexibility. #Update #Crypto $USDC
The U.S. Federal Reserve seeks public input on new “payment accounts” aimed at easing access for financial firms, including crypto, to its payment systems, with a 45-day comment period. #Update #Crypto
@Coinbase has filed lawsuits in Connecticut, Michigan, and Illinois challenging state regulators’ authority over prediction markets, asserting CFTC jurisdiction. This legal battle could impact crypto market regulations nationwide. #Update #Legal $BTC
Bybit has resumed operations in the U.K. after two years, offering spot trading on 100 currency pairs, while complying with FCA standards through Archax’s licensing support. #Update #Crypto $BTC $ETH
U.S. senators are negotiating a crypto market structure bill, but unresolved details may delay progress into January amid looming federal spending deadlines and potential shifts in congressional control. #Update #Crypto $BTC
The U.S. Federal Deposit Insurance Corp. proposed its first stablecoin rule under the GENIUS Act, initiating a 60-day public comment period on application procedures for banks to issue stablecoins. #Update #Crypto $USDC
The UK plans to integrate cryptocurrencies into its financial regulatory framework by 2027, enhancing consumer protection and market transparency under the oversight of the Financial Conduct Authority (FCA). #Update #Crypto
The U.S. Commodity Futures Trading Commission has formed an Innovation Council with crypto CEOs including @TylerWinklevoss and @ArjunSethi to focus on derivatives market developments, amid ongoing regulatory changes. #Update #Crypto
@JonathanGould of the OCC warns against banks hindering digital asset charters, stating 14 new applicants emerged last year, including Erebor’s recent provisional charter. #Update #Crypto $BTC
Dozens of crypto groups, led by the @Solana Policy Institute, petitioned President Trump for regulatory support amid Congress delays, emphasizing protections for DeFi and taxation clarity. #Update #Crypto $SOL
Canada’s government passed a federal budget that includes a stablecoin policy overseen by the Bank of Canada, requiring issuers to maintain one-to-one reserves and prohibiting interest on stablecoins. #Update #Crypto $CAD
The European Commission plans to create a unified financial market regulator similar to the U.S. SEC by December 2025, consolidating oversight for crypto and stock markets amid mixed support from EU member states. #Update #Crypto $BTC
