The AFL-CIO says the Senate’s crypto framework bill “provides the facade of regulation” that would expose workers’ retirement funds to risky assets.
The Bank of England may relax proposed caps on corporate stablecoin holdings after industry backlash, as the UK races to stay competitive in the $314 billion market.
With more than a year until US elections to determine control of Congress, a new poll suggested some crypto-minded Democratic voters could be swayed to vote Republican.
Coinbase has launched crypto staking in New York, allowing residents to earn rewards on assets such as ETH and SOL following state regulatory approval.
Dubai deploys oil wealth and Islamic finance to challenge Asian crypto dominance, but Hong Kong’s liquidity firepower and Beijing backing maintain supremacy.
The UK has lifted its four-year ban on crypto exchange-traded notes, with analysts predicting the move could grow the UK crypto market by 20%.
Senate Republicans initially said they planned to pass digital asset market structure before 2026, but consideration of the bill was already delayed before the shutdown.
As the government shutdown drags on, the Senate’s confirmation of Jonathan McKernan gives the Treasury a new voice on banking and digital asset oversight.
Several banks in Russia, Belarus and Central Asia are also in the EU’s firing line for enabling crypto-related transactions, according to a Bloomberg report.
The shutdown entered its sixth day on Monday, with the SEC, CFTC and other agencies operating with restrictions and limited staff.