Regulation News
OCC Grants World Liberty Financial Preliminary Charter for $4B USD1 Stablecoin
The Office of the Comptroller of the Currency has preliminarily approved a national trust bank tied to President Trump's family, letting World Liberty Financial bring its roughly $4 billion USD1 stablecoin in-house.
NFT Startup Founder Charged With Fraud a Year After Co-Founders Flagged Missing Funds
Federal prosecutors have charged the founder of NFT startup Few and Far with securities and wire fraud, alleging he removed the co-founders who had uncovered irregularities in the company's treasury. The founder denies the allegations.
Crypto Investor Marc Andreessen Joins Fed Task Force Tied to Rate-Cut Debate
Venture capitalist Marc Andreessen, a major backer of crypto and AI startups, will co-chair a Federal Reserve task force chair Kevin Warsh has linked to the case for interest-rate cuts, part of a broader central bank reform push.
Zerohash's Bank Charter Bid Hits an OCC Snag, Refiling Planned This Month
Crypto infrastructure firm Zerohash, which powers digital asset trading on Morgan Stanley's E*Trade platform, had its federal trust bank charter application returned by the OCC without a decision, and now plans a narrower refiling.
SEC Gives Franklin Templeton Green Light for Tokenized Money-Market Fund Custody
The SEC's investment management staff will not recommend enforcement action against Franklin Templeton's use of a blockchain-based custody setup for its tokenized money-market fund, a decision experts say other asset managers could study closely.
SEC Sets July Targets for Token Offering, Custody and Market Structure Rules
SEC Chair Paul Atkins pushed forward three crypto rulemaking proposals covering token offerings, custody and market structure for trading venues.
California's New Crypto Licensing Law Takes Effect, Raising the Compliance Bar
Crypto businesses serving California residents must now hold a state license, extending money-transmission-style oversight into digital assets.
Path Clears for Bank-Issued Stablecoins as Early as Late 2026
The GENIUS Act lets any FDIC-insured bank apply to issue payment stablecoins through a subsidiary, with the first bank-issued tokens expected by early 2027.
Japan and South Korea Rewrite Crypto's Legal Status in the Same Week
Japan reclassified crypto as a financial instrument while South Korea folded digital assets into its National Asset Basic Act, both in the same July week.