Regulation & Politics

The Atkins-era Commission's FY26-FY30 plan places a 'firm regulatory foundation for digital assets and distributed ledger technologies' as the first objective of its first goal, opening a public-comment window through July 2 on a multi-year operating constraint that binds policy, examiner and enforcement capacity.

Tuesday's joint action by the three tier-1 US bank regulators completes the rewrite of supervisory text that crypto firms and Wyoming digital-asset bank Custodia spent years alleging was used to push lawful businesses out of the banking system.

The 22-page memorandum is the first formal supervisory link between the New York regulator licensing Circle, Paxos and Gemini and the EU body overseeing MiCA stablecoin issuers, committing both authorities to quarterly reserve-data exchange as the GENIUS Act and MiCA move toward enforcement.

The Office of Foreign Assets Control designated Nobitex, Wallex, Bitpin and Ramzinex, along with their leadership, naming the exchanges as the digital-asset rails for Iran's central bank and the Islamic Revolutionary Guard Corps.

The CFTC-registered exchange has asked the agency to approve perpetuals on ETH, XRP, SOL, DOGE and nine others, pushing the new onshore perps market beyond bitcoin almost as soon as it opened.

The Buenos Aires Public Prosecutor's Office said it ran 90 simultaneous raids and froze more than 8 million USDT across three fraud rings — fake trading apps, WhatsApp hijacks, and a Chinese-origin infostealer operation — in what it calls the province's largest crypto seizure to date.

The agency approved Kalshi's BTCPERP contract, the first bitcoin perpetual on a registered U.S. exchange, and in a separate action cleared Coinbase to route customers to its offshore Deribit affiliate. Together the moves open an onshore path for a product long pushed abroad and raise the competitive stakes for dominant venues such as Hyperliquid.

SEC Commissioner Hester Peirce references a staff statement on tokenization to distinguish between issuer-sponsored tokenized stocks and synthetic crypto instruments offering stock exposure.

Hester Peirce pushes back against "hyperbole" surrounding a contemplated SEC innovation exemption for tokenized NMS stock, emphasizing it would cover only digital representations of existing equities, not synthetic assets.

The SEC is developing a new regulatory framework that would allow digital versions of publicly traded securities to trade on blockchain networks in the US.