The Regulation Desk 23 stories this week · 98 total

The handbook replaces and expands on the division's examination brochure and covers each stage of an exam, from risk assessment to the disposition letter.

The SEC allowed certain venues to trade tokenized U.S.-listed stocks onchain two days after the Senate declined to advance the comprehensive framework.

The Digital Chamber and Illinois Blockchain Association negotiated the six-month postponement, which a state judge must still approve and which leaves the legal challenge to be argued on the merits.

Firms that apply by that date can keep taking new business while their applications are pending when the regime starts on Oct. 25, according to The Defiant.

The bill would exempt qualifying stablecoin purchases and crypto-paid transaction costs up to $10 from gain-or-loss recognition, while its wash-sale loss-harvesting restriction carries no stated ceiling.

A second notice would make passing a FINRA exam open to anyone over 18 an automatic qualifying route into unregistered offerings.

Federal disclosures show more than $13 million in six months of crypto lobbying, with about $5.4 million of it never naming the bill.

One filing would put event contracts inside the swap definition; an interim final rule would remove casino-style gambling products from it.

Firms have five months to apply for permission to operate in the UK, well before the regime takes effect in October 2027.

The reward pools exclude members with market-maker agreements, and Kalshi cited separate liquidity payments for the repeated same-size ether perpetual prints.

Margined futures and the planned single-stock perpetuals remain with outside clearing partners, according to The Defiant.

The revised answer makes the absence of centralized control an explicit condition, shifting from the Sept. 25 answer that looked only at system function.

A Senate minority report released the same day found USDT dominated activity in 84% of the 846 Iran- and proxy-linked wallets it studied.

The Sept. 25 answers, updated Sept. 28, say an issuer's own description of decentralization governs whether it kept its word, while the Commission's release governs the label.

CoinDesk's interviews with more than a dozen participants and aides point to piecemeal Senate drafting, a rejected ethics deal and White House involvement.

A leverage cap and a certification requirement would decide which firms may lend against stablecoins in the EU; the coverage names no number, no date, and no obligated party for either.

The exit removes the commissioner most identified with the agency's crypto posture and leaves a two-member commission to decide a proposal and a five-year exemption.

Summer Mersinger leaves a week after the Senate loss; founder Kristin Smith returns on an interim basis while keeping her Solana Policy Institute post, leaving the next permanent chief to fight at the agencies rather than the Senate floor.

Qualifying staking receipts sit outside the securities categories, handing funds a wrapper answer today and a durability question tomorrow.

The former New York governor's federal-framework pitch arrives with a disclosed seat on OKX's board and a joint venture with the NYSE's parent, which tells you which register the rules would be written around.

A 48-hour redemption deadline turns stablecoin reserves into a liquidity test, and the GENIUS Act's 120-day approval clock decides who has to sit for it.

Matching the OCC's construction moves the reward fight off the Senate floor and into a sixty-day comment record.

Two draft rules and a 60-day docket will decide how much value platforms can hand back to stablecoin holders, with Congress no longer in the room.

Customer funds can sit in tokenized assets and ledgers can be the official record, but the equivalence clause puts the burden of proof on the wrapper.

A commissioner's preference for reusable identity checks asks institutions to hold less customer data while leaving every existing compliance duty exactly where it was.

From 2027 the EU's securities supervisors will check how regulated firms use tokenized products and AI in client-facing business, a constraint that arrives as evidence requests rather than new rules.

The 6.9 million bitcoin with public keys already visible onchain sit beyond the reach of Europe's post-quantum deadlines.

Three agencies would sell dollar tokens overseas before the rulemaking that defines them is finished, with the reserve book and emerging-market pushback as the real constraints.

Time- and size-limited, the SEC's Innovation Exemption now governs how tokenized U.S. equities trade, and the firms building to it are underwriting a clock the next Commission controls.

A 28-21 committee vote puts the government's 325,000 seized coins one chamber from a twenty-year hold; the SEC's tokenized-equity exemption may matter more.

Her account of a bill that doubled in length and still lost every Democratic vote points the next crypto statute at committee races and agency dockets rather than the Senate floor.

The lame duck is a long shot, and the SEC and CFTC now write a rulebook the next election can rewrite.

Two letters dated three days before the agency's tokenized-stock exemption show the industry drafting its own market-structure rules and asking the SEC to sign them.

A plausible paid-quoting defense leaves the venue's crypto volume unaudited in public, and the data that could settle it sits with regulators, out of public view.

A proposal covering both advisers and broker-dealers sits at the White House, and what it ratifies matters more to wealth platforms than what it permits.

The same consultation response that widens the yield ban would delete MiCA's bank-deposit reserve floor. That second proposal says more about what central banks actually fear.