Several of the largest financial industry associations in China have reportedly signaled that the country’s regulators could crack down on Real-World Asset (RWA) tokenization. According to a notice shared by Wu Blockchain on Monday, the Asset Management Association of China, National Internet Finance Association of China, the China Banking Association, the Securities Association of China,…
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Cryptocurrency exchange Binance has announced a change in its policies related to trading and monitoring following a $3.9 million exploit of the Flow blockchain last week. In a Friday announcement, Binance said it would remove nine spot trading pairs from the exchange beginning on Saturday, including one for Flow (FLOW)/Bitcoin (BTC). In a separate notice,…
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Caroline Crenshaw, the sole Democratic member leading the US Securities and Exchange Commission (SEC), will be departing the agency this week after serving more than five years. Crenshaw is expected to depart the SEC by Saturday, marking 18 months after her term ended in June 2024. Commissioners are permitted to continue work at the agency,…
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A federal judge has dismissed a lawsuit filed by former Voyager Digital investors against billionaire entrepreneur Mark Cuban over the basketball team Dallas Mavericks’ partnership with the now-bankrupt cryptocurrency exchange. In an order filed Tuesday in the US District Court for the Southern District of Florida, Judge Roy Altman granted a motion to dismiss the…
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With Congress in recess until the new year, sources familiar with the progress of a digital asset market structure bill are expecting consideration in early 2026. Members of the US Senate Banking Committee are expected to move forward with consideration of a digital asset market structure bill in the second week of January after months…
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Following the 2024 elections, in which an estimated 270 lawmakers with favorable views on digital assets won seats in the US Congress, many cryptocurrency-affiliated organizations and political action committees show no signs of slowing their progress in the next significant election, the 2026 midterms. Likely boosted by advocacy work from organizations — such as the…
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The US government has filed a letter opposing the introduction of an amicus brief from the digital asset advocacy group DeFi Education Fund as the court considers a possible retrial for two brothers allegedly behind a $25 million exploit of the Ethereum blockchain. In a Tuesday filing in the US District Court for the Southern…
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The introduction of a stablecoin bill pioneered by South Korean President Lee Jae-myung will reportedly be delayed into 2026 after concerns about issuers. South Korean lawmakers have reportedly delayed submission of a cryptocurrency bill that could allow the issuance of domestic stablecoins as key issues remain unresolved. According to a Tuesday Yonhap News report, officials…
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Kim Byung-kee, floor leader of South Korea’s Democratic Party, is facing scrutiny following a report alleging that he sought to pressure Dunamu, the operator of cryptocurrency exchange Upbit, after his son secured a position at a competitor. According to a Sunday report by news outlet Kyunghyang Shinmun, Kim, a member of the South Korean National…
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Former Alameda Research CEO Caroline Ellison, sentenced to two years in prison for her role in the misuse of clients’ funds at cryptocurrency exchange FTX, will be released in a matter of weeks following an update from US federal authorities. As of Wednesday, Ellison’s release from federal custody will be Jan. 21, according to information…
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