The FT reports that people familiar with MAS's thinking consider the decentralized venue outside its jurisdiction. Singapore's rules distinguish crypto derivatives on approved exchanges from those offered elsewhere.

The Commodity Futures Trading Commission published an Advanced Notice of Proposed Rulemaking covering retail crypto trading on margin, leverage or financing, and a new exchange registration category built for it. Chairman Michael Selig called it a federal option rather than a mandate. The notice would also codify delivery to a user's own non-custodial wallet within 28 days as an exception to on-exchange trading

FinCEN withdrew the 2020 unhosted wallet reporting proposal and its 2023 finding that crypto mixing is a primary money laundering concern. The agency said it will keep monitoring mixers and may act again

The proposal also sets conditions for state trust company custody, with public comments due 60 days after Federal Register publication.

The ADAPT Act would exempt qualifying stablecoin purchases and crypto-paid transaction costs of $10 or less from gain-or-loss recognition, while restricting loss harvesting.

Existing firms that apply by Feb. 28, 2027 can keep taking new business if their applications are still pending when the regime starts on Oct. 25.

The Sept. 25 answer referred only to a system’s functionality. The revised wording makes the absence of centralized control an explicit condition.

Qualifying staking receipts fall into non-security categories, while the FAQs reaffirm an earlier position on maintenance and development funding.

The Office of Information and Regulatory Affairs received RIN 3038-AF80, "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets," from the CFTC on Sept. 17, two days after the Senate blocked the CLARITY Act. OIRA lists the filing at the prerule stage, not as a proposed rule. Executive Order 12866 gives OIRA 10 working days to review preliminary actions, against 90 days for proposed and final rules. It is the only CFTC action pending White House review, and Michael Selig is the agency's only sitting commissioner.

The Securities and Exchange Commission issued a five-year conditional exemption on Thursday letting tokenized National Market System (NMS) stock trade on permissioned automated market makers (AMMs), and Commodity Futures Trading Commission staff opened introducing-broker relief to passive software providers across the industry the same morning. Both actions came two days after the Senate blocked the CLARITY Act and a day after the two chairmen said they would write crypto rules without it. Uniswap's token rose 19.8% over 24 hours.