Regulation & Policy
Global regulatory and policy developments affecting crypto and digital assets. Each article is summarised by AI into a factual overview of 50 words or fewer.

US Imposes New Ban on DeepSeek as Swiss-Asia Crypto Relations Strengthen
The United States has announced a new ban on DeepSeek, coinciding with increasing ties between Switzerland and Asia in the cryptocurrency sector.

Circle Shareholder Files Lawsuit Against Trump Over UAE Crypto Transactions
A shareholder of Circle has initiated legal action against Donald Trump, claiming he profited unconstitutionally from $2 billion in cryptocurrency deals in the UAE.
OCC withdraws affiliate rewards presumption proposal, stablecoin yield ban remains
The OCC has decided to drop its proposed presumption for affiliate rewards while maintaining the ban on stablecoin yields. This decision impacts regulatory frameworks surrounding cryptocurrency and financial institutions.

Google Implements New Crypto Advertising Rules in the UAE
Google has introduced updated advertising regulations for cryptocurrency in the UAE, effective immediately. These changes aim to enhance compliance and ensure a safer advertising environment for users.

Blockchain Association Urges Congress for Crypto Tax Clarity as Act Stalls
The Blockchain Association is advocating for clearer cryptocurrency tax regulations as the Clarity Act faces delays in Congress.
Bitwise Requests SEC Protection for Funds Based on Token Status Filings
Bitwise has submitted a request to the SEC, seeking protection for funds that depend on the status of token filings. The firm aims to clarify regulatory uncertainties surrounding digital assets.
Winklevoss PAC invests $81K in Texas Senate race advertising
The Winklevoss Political Action Committee has made an $81,000 advertising buy in the Texas Senate race, targeting candidates Paxton and Talarico.
Ripple Partners with Arf to Enhance RLUSD Settlement Liquidity on XRP Ledger
Ripple has teamed up with Arf to provide RLUSD settlement liquidity on the XRP Ledger, enabling licensed payment companies to access short-term funds for cross-border transactions.
Albuquerque's Ban on Bitcoin and Crypto ATMs Enforced with Daily Fines
A ban on Bitcoin and cryptocurrency ATMs in Albuquerque has come into effect, imposing fines of $500 per day for non-compliance.
Irish Central Bank fines Coinbase $3.6 million for compliance failures
The Central Bank of Ireland has imposed a fine of $3.6 million on Coinbase's Irish arm due to failures in oversight and safeguarding measures.

Robinhood Secures Dubai Licence for Bitcoin and Stock Trading
Robinhood has obtained a licence to operate in Dubai, enabling it to offer Bitcoin and stock trading services in the Middle East starting in 2027.
Robinhood earns $51 million in blockchain fees, Ethereum costs at $69,000
Robinhood has generated $51 million in blockchain fees, while the total settlement costs for Ethereum transactions amount to just $69,000.

LINK, ADA, AVAX and Others Collaborate Against SEC Regulations
Several cryptocurrencies, including Chainlink, Cardano, and Avalanche, are joining forces to challenge the SEC's regulatory stance on digital commodities, potentially signalling a significant shift in the crypto landscape.
Ethereum proposes four-minute settlement plan to reduce crypto transfer costs
Ethereum has introduced a plan aimed at achieving four-minute settlement times, which could significantly lower the costs associated with moving cryptocurrency.
Qubic mandates ownership checks for all funds in vulnerable wallets
Qubic has introduced recovery rules that necessitate ownership verification for funds in vulnerable wallets, even if those funds have not been stolen.
The UK requires a practical approach to regulated DeFi access
The article discusses the necessity for the UK to establish a clear and effective framework for regulated access to decentralised finance (DeFi) to ensure consumer protection and innovation in the sector.
Bybit receives VARA approval for spot exchange services in Dubai
Bybit has been granted approval by the Dubai Virtual Assets Regulatory Authority (VARA) to operate its spot exchange services in Dubai, enhancing its presence in the region.
US relaxes stablecoin reserve regulations amid banking concerns
The US has eased reserve requirements for stablecoins, prompting warnings from banks that billions could be diverted away from traditional lending.
OCC GENIUS Act Proposals May Transform US Stablecoin Regulations
The OCC has proposed new rules under the GENIUS Act that could significantly alter the regulatory landscape for stablecoins in the US, aiming to provide clearer guidelines for their use and management.
South Korea's cryptocurrency legislation approaches finalisation amid tax discussions
South Korea's proposed cryptocurrency bill is nearing completion as debates over taxation intensify. The legislation aims to regulate the crypto market and establish a framework for taxation.
Albuquerque Implements Ban on Bitcoin ATMs
The city of Albuquerque has enacted a ban on Bitcoin ATMs, citing concerns over potential criminal activity and lack of regulation. The decision aims to enhance financial security and oversight in the local economy.

US Establishes Stablecoin Regulations Amid Calls for Crypto Clarity
The US has finalised regulations for stablecoins, responding to ongoing demands for clearer cryptocurrency guidelines from firms like Ripple, Cardano, and Chainlink.

Lighter Token Surges 23% This Week Due to Two Key Factors
Lighter Token has experienced a 23% increase this week, driven by two significant catalysts. The details surrounding these factors highlight the reasons behind the token's rally.
OCC waiver rule alerts active stablecoin issuers to regulatory changes
The Office of the Comptroller of the Currency has introduced a waiver rule that impacts active stablecoin issuers, signalling potential regulatory adjustments in the cryptocurrency sector.
Ripple Supports SEC's Crypto Regulation Proposal for Token Trading Protections
Ripple has expressed support for the SEC's plan to regulate cryptocurrency trading, advocating for protections for token transactions. The company aims to ensure a safer trading environment for digital assets.
Stablecoin Rules Finalised as CLARITY Act for Bitcoin Remains Stalled
The GENIUS Act stablecoin rules have been finalised, while the CLARITY Act for Bitcoin continues to be stalled, impacting the cryptocurrency landscape.

CME CEO Claims Crypto Perpetuals Are Swaps Amid CFTC Lawsuit
The CEO of CME argues that cryptocurrency perpetual contracts should be classified as swaps, as the exchange initiates legal action against the CFTC regarding their approval.
US Treasury finalises stablecoin regulations under GENIUS Act
The US Treasury has finalised regulations for stablecoins under the GENIUS Act, aiming to enhance clarity in the cryptocurrency market.
CFTC Chair Advocates for Consistent US Cryptocurrency Regulations
The Chair of the CFTC has urged for standardised cryptocurrency regulations across the US to address inconsistencies among state laws.
American Bankers Association Opposes OCC's GENIUS Stablecoin Regulations
The American Bankers Association has expressed concerns regarding the Office of the Comptroller of the Currency's GENIUS rules for stablecoins, arguing they may pose risks to the financial system.
American Bankers Association criticises OCC's GENIUS rules on stablecoins
The American Bankers Association has stated that the Office of the Comptroller of the Currency's GENIUS rules undermine the authority of the US Congress regarding stablecoin regulation.
Polymarket Files Federal Lawsuit Against Ohio Over New CFTC Regulations
Polymarket has initiated a federal lawsuit against the state of Ohio, challenging new regulations imposed by the CFTC, following Kalshi's unsuccessful appeals.

Three Companies Notify SEC of Plans to Launch Tokenized Stocks Trading
Three companies have informed the SEC of their intention to begin trading tokenized stocks, marking a significant step in the evolution of digital asset markets.
Kazakhstan's AIFC Seeks Apple and Google Help to Enforce Crypto Injunctions
The Astana International Financial Centre regulator in Kazakhstan is collaborating with Apple and Google to enforce injunctions against cryptocurrency exchanges Coinbase and HTX.
Evernorth Submits SEC Prospectus to Raise Up to $132 Million for XRP Treasury
Evernorth has filed a prospectus with the SEC to raise as much as $132 million for its XRP treasury, aiming to enhance its financial position.
Trump omits cryptocurrency discussion at White House cybercrime roundtable
During a recent cybercrime roundtable at the White House, Donald Trump did not mention cryptocurrency, despite its relevance to the topic.
SEC's $75 Million Crypto Fundraising Plan Faces Legal Threats from Banks
The SEC's plan to raise $75 million for cryptocurrency initiatives is encountering significant backlash from banks, which are threatening legal action against the proposal.
Cardano Foundation advises EU not to extend MiCA regulations to DeFi and staking
The Cardano Foundation has expressed concerns over the European Union's potential expansion of the Markets in Crypto-Assets (MiCA) regulations to include decentralised finance (DeFi) and staking, arguing it could stifle innovation.
CFTC states Bitcoin loan refusal may not exempt cash purchases from futures rules
The Commodity Futures Trading Commission has clarified that declining a Bitcoin loan does not necessarily exempt a cash purchase from being subject to futures regulations.
UK financial watchdog seeks input on DeFi guidance and crypto regulations
The UK Financial Conduct Authority has launched consultations to develop guidance on decentralised finance and update existing cryptocurrency laws.
Treasury Secretary Bessent compares GENIUS Act to Lincoln-era banking reforms
Treasury Secretary Bessent has drawn parallels between the GENIUS Act and banking reforms from the Lincoln era, highlighting its potential impact on modern financial systems.
Chainlink and Cardano urge SEC for clearer cryptocurrency regulations
Blockchain groups, including Chainlink and Cardano, are advocating for the SEC to establish clearer regulations for cryptocurrencies to enhance compliance and foster innovation in the sector.

Bitcoin Wallet Transfers $33 Million Amid Ongoing Lawsuit
A Bitcoin wallet, previously deemed abandoned, has moved $33 million in cryptocurrency as a lawsuit seeks to claim the funds.
Malaysia retains 322 Bitcoin linked to Bitkingdom scam following court decision
A Malaysian court has ruled that the country can keep 322 Bitcoin seized from the Bitkingdom scam, affirming the government's stance on cryptocurrency-related fraud.
France Approves Crypto Tax Legislation by Narrow Margin
A new crypto tax law in France has been passed by a single vote, raising questions about the taxation of stablecoin swaps starting in 2027.

OCC Finalises GENIUS Act Stablecoin Regulations, Rewards Discussion Ongoing
The Office of the Comptroller of the Currency has finalised regulations for stablecoins under the GENIUS Act, while leaving the debate over rewards for stablecoin users unresolved.
OCC Finalises GENIUS Act Rules Amid Stablecoin Yield Restrictions
The Office of the Comptroller of the Currency has finalised rules under the GENIUS Act, addressing limitations on stablecoin yields. This move aims to regulate the growing stablecoin market and ensure financial stability.
XRP Treasury Receives SEC Approval for New Capital Raising
XRP Treasury has secured approval from the SEC to raise new capital, marking a significant development in the cryptocurrency sector.
OCC finalises GENIUS Act regulations for stablecoin issuers and custody
The Office of the Comptroller of the Currency has finalised rules under the GENIUS Act, establishing regulations for stablecoin issuers and custody practices.
Centralised Exchanges Hesitant to List Legacy Crypto Tokens Without SEC Immunity
Centralised exchanges are declining to list legacy crypto tokens due to concerns over regulatory scrutiny and the need for explicit immunity from the SEC.
Blockchain Association Requests SEC to Increase Crypto Startup Exemption to $10 Million
The Blockchain Association has formally requested the SEC to raise the exemption limit for crypto startups from $5 million to $10 million, aiming to support innovation in the sector.
OCC Finalises GENIUS Act Stablecoin Regulations Before January Deadline
The Office of the Comptroller of the Currency has finalised regulations for stablecoins under the GENIUS Act, ensuring compliance ahead of the upcoming January deadline.
US government finalises stablecoin regulations under GENIUS Act
The US has finalised regulations for stablecoins under the GENIUS Act, aiming to provide a clear framework for their use and oversight.
OCC to Reassess Stablecoin Rewards in Light of GENIUS Act Ban
The OCC is set to review its final rule regarding stablecoin rewards, considering the implications of the GENIUS Act ban.
France's National Assembly Approves Tax on Crypto-to-Stablecoin Swaps
The National Assembly of France has voted 38 to 37 in favour of taxing swaps between cryptocurrencies and stablecoins, set to take effect from 2027.

Bitwise and Hyperliquid Advocate for Clearer SEC Crypto Regulations
Bitwise and Hyperliquid have urged the SEC to establish clearer regulations for the cryptocurrency sector as a public consultation period comes to an end.
Ripple Supports SEC's Proposed Cryptocurrency Regulation Framework
Ripple has expressed support for the SEC's proposed regulations on cryptocurrency, advocating for a more consistent approach rather than case-by-case enforcement.
Ripple Supports SEC's Proposal for Cryptocurrency Regulation
Ripple has expressed its support for the SEC's proposal aimed at regulating the cryptocurrency market, highlighting the need for clear guidelines to foster innovation and protect investors.
Governments Increasing Control Over Digital Assets
Various governments are implementing measures to regain control over digital assets, reflecting a shift in regulatory approaches to cryptocurrencies and blockchain technologies.
Kazakhstan restricts mobile access to six major cryptocurrency exchanges
Kazakhstan has implemented a shutdown of mobile access to six significant cryptocurrency exchanges, impacting users' ability to trade and manage their assets via mobile devices.
SEC to Continue Accepting Comments on Crypto Regulation Post Deadline
The SEC has announced it will keep accepting comments regarding cryptocurrency regulation even after the October 20 deadline has passed.
Utah Attorney General Files Lawsuit Against Prediction Market Company Kalshi
The Utah Attorney General has initiated legal action against Kalshi, alleging that the company's prediction markets operate as illegal betting. The lawsuit seeks to recover profits from the firm.
U.S. CFTC announces agenda for AI forum on trading and finance
The U.S. Commodity Futures Trading Commission has set the agenda for an upcoming forum focused on artificial intelligence in trading and agentic finance.
Arkansas Bitcoin Mining Ownership Law Remains Blocked by Appeals Court
An appeals court continues to weigh a case regarding the blocking of a law in Arkansas that affects foreign ownership of Bitcoin mining operations.
Bitwise and Hyperliquid request SEC rule changes for token trading and airdrops
Bitwise and Hyperliquid are advocating for changes to SEC regulations to facilitate token trading and airdrops, aiming to create a more favourable environment for digital assets.
Swiss Regulator Approves First Retail Fund to Hold Bitcoin Directly
The Swiss financial regulator has approved the first retail fund that will directly hold Bitcoin, marking a significant development in cryptocurrency investment options for retail investors.
Blockworks Advocates for SEC to Acknowledge Onchain Disclosure Agents
Blockworks has called on the SEC to recognise Qualified Onchain Disclosure Agents, aiming to enhance transparency and compliance in the cryptocurrency sector.
Hyperliquid Policy Center Advocates Changes to SEC Cryptocurrency Regulations
The Hyperliquid Policy Center has proposed five amendments to the SEC's cryptocurrency regulations, aiming to enhance clarity and support for the crypto industry.
Blockworks Submits Comment Letter to SEC on Crypto Asset Regulation
Blockworks has submitted a comment letter to the SEC regarding proposed regulations on crypto assets, aiming to influence policy development in the sector.
Best Crypto Exchanges Ranked by Safety, Fees and Regulation
A ranking of nine cryptocurrency exchanges based on their safety measures, fee structures, and regulatory compliance.
Blockworks Requests SEC to Mandate Disclosure of Market-Maker Deals
Blockworks has urged the SEC to require token projects to disclose agreements with market makers and payments to promoters, aiming for greater transparency in the cryptocurrency market.
Bitget to Acquire Licensed Thai Exchange Following Major Hack
Bitget has announced its intention to purchase a licensed cryptocurrency exchange in Thailand, just weeks after suffering a $388 million hack.
Bitget Identified as Buyer of GMO Internet's Thai Crypto Exchange
Bitget has confirmed its acquisition of GMO Internet's licensed cryptocurrency exchange in Thailand.

France Proposes Cryptocurrency Tax Amidst Cost-of-Living Protests
The French government is considering a tax on cryptocurrencies as protests against rising living costs escalate across the country.
French Lawmakers Approve Stablecoin Swap Tax by Narrow Margin
French lawmakers have passed a tax on stablecoin swaps, with the decision made by a single vote.
French Lawmakers Approve Tax on Crypto-to-Stablecoin Swaps by Narrow Margin
French lawmakers have narrowly approved a tax on swaps between cryptocurrencies and stablecoins, passing the measure by a single vote.
Kazakhstan court prohibits Coinbase and five firms from crypto services
A court in Kazakhstan has barred Coinbase and five other companies from providing unlicensed cryptocurrency services in the Astana International Financial Centre.
Bitget to Acquire Licensed Thai Exchange from GMO Internet
Bitget has announced plans to purchase a licensed cryptocurrency exchange in Thailand from Japan's GMO Internet, expanding its presence in the Southeast Asian market.
CFTC Secures $288 Million Judgment Against EminiFX Amid Recovery Issues
The CFTC has obtained a $288 million judgment against EminiFX, yet victims have only managed to recover 37% of their losses.
Crypto Industry Group Seeks Treasury Clarification on GENIUS Act for DeFi
A crypto industry group has requested the US Treasury to provide clearer guidelines regarding the GENIUS Act and its implications for decentralised finance (DeFi) regulations.
Lloyds and Barclays named in UK banks' crypto transfer complaints
An advocacy group has reported that Lloyds and Barclays are among UK banks facing complaints related to cryptocurrency transfers.
France delays budget vote on stablecoin swap tax to November 3
The French government has postponed the budget vote concerning a tax on stablecoin swaps to November 3.
France Delays Budget Vote on Stablecoin Tax to November 3
The French government has postponed the budget vote that includes a tax on stablecoins to November 3.
France to introduce 31% capital gains tax on stablecoin trades from 2027
Starting in 2027, France will implement a 31% capital gains tax on profits from stablecoin transactions, affecting investors in the cryptocurrency market.
Kazakhstan's AIFC Court Prohibits Coinbase and BingX from Operating Unlicensed
The Astana International Financial Centre Court has barred Coinbase, BingX, and four other cryptocurrency exchanges from conducting unlicensed operations in Kazakhstan.
France's parliament approves 31% capital gains tax on stablecoin trades
The French parliament has voted to impose a 31% capital gains tax on trades involving stablecoins, impacting the cryptocurrency market.
Kazakhstan court imposes restrictions on Coinbase and BingX
A court in Kazakhstan has ordered limitations on the operations of cryptocurrency exchanges Coinbase, BingX, and four others, aiming to enhance regulatory oversight in the digital asset sector.
Bitget to Acquire Licensed Thai Cryptocurrency Exchange
Bitget has announced its agreement to acquire a licensed cryptocurrency exchange in Thailand, enhancing its presence in the Southeast Asian market.
Ripple CLO Clarifies Future of Stablecoin Regulation
Ripple's Chief Legal Officer has addressed ongoing speculation regarding the future of stablecoin regulation, providing insights into the company's stance and expectations.
CFTC Reports CME's Crypto Futures Data Indicates No Harm from Perpetual Futures
The CFTC stated that data from CME regarding its crypto futures shows no evidence of harm caused by perpetual futures contracts.
French MPs Approve Tax on Cryptocurrency Transactions
French lawmakers have endorsed a new tax on cryptocurrency transactions, impacting stablecoin swaps significantly.
Missouri Issues Cease-and-Desist Orders to Polymarket and Kalshi
The state of Missouri has issued cease-and-desist orders against prediction markets Polymarket and Kalshi for operating without proper licensing.
South Korea Considers Delaying Crypto Gains Tax Implementation Until 2029
There is a renewed effort in South Korea to postpone the introduction of a tax on cryptocurrency gains until 2029, amid ongoing discussions about the regulatory framework for digital assets.
Crypto PAC invests $362,000 in California election with clear voter outcome
A political action committee focused on cryptocurrency has contributed $362,000 to a California race, where voters largely made their decision in August.
Market Participants Respond to SEC's Proposed Cryptocurrency Regulations
Various market participants have shared their views on the SEC's proposed regulations for cryptocurrencies, highlighting concerns and suggestions regarding compliance and market impact.
Hyperliquid Calls for Five Key Amendments to SEC's Crypto Proposal
Hyperliquid has outlined five essential changes it believes are necessary for the SEC's cryptocurrency proposal to better serve the industry and protect investors.
France to Vote on Stablecoin Swap Tax in Upcoming Budget
The French government is set to vote on a proposed tax for stablecoin swaps during the budget session on 20 October.
Google enforces stricter crypto advertising regulations in UAE
Google has announced new rules for cryptocurrency advertisements in the UAE, requiring companies to obtain licenses by 21 October.

