Browsing: Regulations

Leveraged funds’ combined net bearish position across CME’s standard and micro Bitcoin futures narrowed by 5,566.5 BTC-equivalent between July 21 and July 28.

The stablecoin wars are currently bifurcating into two distinct strategic architectures: the scale-at-all-costs model and the regulatory depth moat. While the Open USD consortium—a coalition of 140-plus members including Visa, Mastercard, Stripe, BlackRock, and BNY—bets on massive distribution and a revenue-sharing model to capture market share, Circle Internet Group, Inc. (NYSE: CRCL) is doubling down…

The US Commodity Futures Trading Commission has settled with former US Representative George Santos over allegations of market manipulation on prediction market platform Kalshi, crypto news outlet The Block reported on August 31.

Treasury Secretary Scott Bessent’s push for a swift Senate vote on the Clarity Act catalyzed a modest cryptocurrency market recovery on July 31, with total market capitalization reaching $2.2 trillion. Bitcoin briefly surpassed $65,000, while BNB surged over 3%. The administration’s urgency stems from concerns that impending summer recesses and potential political transitions could stall…

I have spent enough time inside Washington to know that a bill almost never goes from negotiation to the president’s desk in six months. When it does, there is usually a crisis forcing it. The GENIUS Act did it with no crisis at all. The president directed federal agencies to build a digital asset framework…

The SEC will write crypto market rules itself if Congress fails to pass the Clarity Act, chairman Paul Atkins said. The agency is “ready, willing, and able to come out with rules” covering the same ground, he told CNBC on Monday, and would “stand ready to provide that” should the bill not clear the Senate.

Crypto perpetuals dominate leveraged crypto trading outside the U.S., but that may be about to change. DRW CEO Don Wilson is advocating for perpetuals to be classified as futures. Besides, regulators are already developing clearer paths for both perpetual-style and genuine perpetuals. The debate now focuses on the regulation of crypto perpetual contracts.

Washington sees stablecoins as extending dollar power; Beijing sees them as a threat to capital controls. Both may be missing that stablecoins are increasingly beyond either government’s reach.

Policy statement PS26/10 sets out final rules for UK-issued qualifying stablecoins, following consultation papers CP25/14 and CP25/41. The final rules notably cover issuance and redemption of stablecoins, backing assets (for stablecoins in issuance) and their safeguarding, and disclosures. NB that differing rules will apply for systemic stablecoins.

Leading cryptocurrencies fell sharply on Monday as investors weighed developments around the Clarity Act and a pause in U.S.–Iran hostilities.