The UK’s Financial Conduct Authority (FCA) is set to soon reverse a ban on crypto exchange-traded notes (ETNs) for retail investors enacted in 2019. According to an Aug. 1 notice, the UK watchdog will lift a ban on retail access to crypto ETNs starting on Wednesday, provided they are traded on an “FCA-approved, UK-based investment…
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The European Central Bank (ECB), as part of its preparation phase for a potential digital euro launch, announced framework agreements with technology providers responsible for components of the central bank digital currency (CBDC). In a Thursday notice, the ECB said it had reached agreements with seven entities — and at least one more expected to…
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US President Donald Trump sent the nomination of acting chair of the Federal Deposit Insurance Corporation (FDIC), Travis Hill, to the Senate for consideration to assume the government role for a five-year term. According to congressional records, Trump’s nomination of Travis as FDIC chair was sent to the Senate Banking Committee on Tuesday. Before assuming…
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The future leadership of the US Commodity Futures Trading Commission (CFTC), already having faced four commissioner departures in 2025, hangs in the balance after the White House withdrew Brian Quintenz’s nomination. On Tuesday, Quintenz, a former commissioner and head of policy at Andreessen Horowitz’s crypto division, confirmed that the White House had withdrawn his nomination…
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In addition to restrictions on enforcement actions and ongoing litigation, the agency will likely stop reviewing crypto ETF applications. Source link
A watchdog group established to respond to financial crises in the European Union reportedly pushed for a ban on multi-issuance stablecoins. According to a Tuesday Bloomberg report, the European Systemic Risk Board passed a recommendation last week to ban certain stablecoins issued jointly in the EU and other jurisdictions. The policy, while not legally binding,…
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Adrienne Harris, the superintendent at the New York Department of Financial Services (NYDFS), announced updates to the department’s guidance should a crypto company become insolvent, following the announcement that she will step down from the role. In a Tuesday notice, Harris said the NYDFS had updated guidance initially announced in January 2023 to better protect…
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Officials with the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) met for the first joint roundtable in about 14 years to discuss “regulatory harmonization efforts,” including those potentially impacting the cryptocurrency industry. In the Monday roundtable, acting CFTC Chair Caroline Pham, also the last remaining commissioner at the agency following…
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A committee in the legislature of the US state of Massachusetts is scheduled to hear discussions about a Bitcoin strategic reserve bill first introduced in February. In a Friday update to a bill “relative to a Bitcoin strategic reserve” introduced by Republican state Senator Peter Durant, Massachusetts’ Joint Revenue Committee will hold a hearing to…
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Unless Republicans negotiate with Democrats and sign off on a bipartisan funding bill, the US government will shut down at midnight on Tuesday, likely delaying any consideration of a digital asset market structure bill in the Senate. On Monday, the US House of Representatives and Senate leaders are scheduled to meet with President Donald Trump…
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