Hyperliquid's U.S. perp path runs through Bitnomial
Bloomberg-reported talks would put Hyperliquid's permissionless perps on Bitnomial's CFTC-regulated exchange; the open question is whether the commission blesses the mix.
August 31
The Regulation Desk 23 stories this week · 98 total
SEC pushes Form PF deadline to 2027 while it rebuilds the rule
Managers who build to the old amendments now may pay twice. The SEC is narrowing the rule before it lands.
Cboe BZX caps the spread on crypto ETP market-maker quotes
The immediate-effectiveness filing turns a two-sided quoting obligation into a measurable spread standard; the width BZX chose decides how much it binds.
CLARITY Act gets a date; 60 votes remain the real test
The Sept. 15 cloture vote will show whether the White House push and the SEC's token proposal moved Senate math, not just token prices.
A prediction-market fight nears the Supreme Court
A circuit split over who polices event contracts could put the question before the justices by June.
White House backs CFTC move to onshore Hyperliquid
A compliant US path for Hyperliquid would fold the venue into the CFTC's rulebook and hand the exchanges that lobbied against it a defeat.
OCC grants Trump-linked World Liberty a conditional trust charter
The preliminary approval puts a Trump-linked stablecoin issuer on a regulated fiduciary path, but final sign-off still depends on preopening requirements.
GENIUS Act's redemption test opens a stablecoin wrapper gap
Coins that redeem only into other stablecoins fall outside the payment-stablecoin definition, opening a route around issuer regulation that rulemaking has to close.
SEC proposes crypto asset rules with $75 million exemption, safe harbor
The proposal gives token issuers a registration-free path to $75 million and a completion-based off-ramp from security status.
Bank of England listens, but stablecoin rules wait on risk appetite
Lord Ranger came away from a Bank of England evidence session with two impressions. The one that sets the stablecoin timeline is risk appetite, not technology.
Treasury proposes stablecoin definitions in first GENIUS Act rulemaking
Treasury's first rulemaking under the stablecoin law sets definitions and a comment schedule that will determine which issuers face U.S. rules.
Stablecoin yield deal revives Clarity Act with Coinbase on board
A Senate compromise on stablecoin interest payments restores Coinbase's backing and moves the Clarity Act toward markup.
Stablecoin yield deal breaks the Clarity Act impasse
A Senate compromise on stablecoin interest and Coinbase's endorsement clear the way for a Clarity Act markup. The hardest fight moves to rulemaking, where "bona fide" gets defined.
Trump expected to meet crypto CEOs at White House before CFTC panel's first session
The White House meets crypto's chiefs the day before the CFTC innovation panel's first session. A stalled market-structure bill and an ethics standoff hang over both.
Bank lobby's yield push helps knock over Clarity Act
The stablecoin yield argument may have fatally derailed the Senate's crypto-rule bill, with three weeks of action left.
Stablecoin flows spill into currency markets, BIS-IMF paper finds
A BIS-IMF working paper finds stablecoin purchases from non-dollar economies spill into traditional currency markets, raising dollar funding costs for banks and corporates that never touched crypto.
Treasury proposes GENIUS Act definitions for stablecoin issuers
The first formal GENIUS Act rule will decide who must license stablecoin issuance, with Tether's treatment and a congressional rewrite hanging over a January 18 deadline.
SEC postpones Regulation Crypto proposal without setting a new date
The agency's first major digital-asset rulemaking is deferred, and the sector is left waiting on a stalled Congress.