Congress is considering legislation that would broaden and clarify the ability of U.S. banks and credit unions to hold digital assets, issue stablecoins and use blockchain technology, potentially bringing crypto infrastructure more directly inside the regulated banking system.The proposals would establish clearer statutory treatment for activities that have previously depended heavily on guidance from individual
The U.S. Securities and Exchange Commission has proposed a new framework that would allow investment advisers and regulated funds to hold crypto assets through expanded custody options, including certain forms of adviser self-custody and state trust companies acting as custodians.The proposal seeks to update federal custody rules that were largely developed before digital assets existed,
New York and Wyoming financial regulators have agreed to coordinate licensing, examinations and enforcement for digital-asset companies operating across both states, creating a formal channel for two jurisdictions that have developed markedly different crypto regulatory frameworks.The Memorandum of Understanding between the New York State Department of Financial Services and the Wyoming Department of Audit’s Division
Chainalysis has defeated most of a lawsuit brought by Celsius Network’s litigation administrator, but a federal judge allowed a central claim alleging that the blockchain analytics company helped Celsius insiders promote a misleading $3.3 billion asset “audit” to move forward.U.S. District Judge Margaret Garnett ruled on Sept. 29 that the complaint sufficiently alleged Chainalysis knew
The attacker behind the $387.5 million Bitget hack has begun moving stolen Zcash into the cryptocurrency’s privacy-preserving shielded pool, complicating efforts by investigators to follow a portion of the stolen assets.Approximately $3.8 million of ZEC linked to the exploiter had been transferred from publicly visible addresses into Zcash’s shielded pool as of October 1, according
Key Facts Payment software can now convert between currencies in seconds, widening the pool of buyers a vendor can actually serve. The XRP Ledger separates the amount requested, the maximum a sender will spend and the minimum a recipient must receive. SendMax caps the source amount, excluding the XRP transaction cost, while DeliverMin sets a
MetaMask is responding to an ongoing security incident affecting part of its infrastructure, prompting the company to begin exiting affected Ethereum validators from its non-custodial staking operation as a precaution.The wallet provider disclosed the incident on September 30, saying it was working internally and with external partners and security advisers to remediate the issue. MetaMask
Lloyds Banking Group and Visa have completed their first live stablecoin settlement pilot, using USDC to settle $750,000 of cross-border payment obligations and testing whether blockchain-based money can reduce delays created by traditional banking hours.The seven-day pilot involved a series of real U.S. dollar settlement obligations rather than a laboratory simulation. Lloyds acquired the USDC
Crypto exchanges are pushing beyond crypto. Traditional financial firms are experimenting with tokenization, digital assets and always-on settlement. Perpetual futures are increasingly being used to reference equities and other traditional assets. And across both sides of the market, the old separation between digital and conventional finance is becoming harder to maintain.That has given rise to
The Ethereum price is running into the close of the third quarter at about $2,687, up 71.2% from the $1,569.91 that CoinGlass records as Ether’s 1 July open. That follows a 29.26% fall in Q1 and a 25.28% fall in Q2, which means one quarter has undone most of two. Published figures for the same quarter run