Crypto
Coinbase Targets National Trust Charter While Clarifying Its Banking Intentions
Coinbase is seeking a National Trust Company Charter in the US, emphasizing its intent to remain distinct from traditional banking.
Crypto
FDIC Considers New Rules That Could Influence Banking with Cryptocurrency
The Federal Deposit Insurance Corporation will review regulations potentially affecting cryptocurrency firms in response to ongoing debanking allegations.
Ecosystem
UK to Lift Ban on Crypto Exchange-Traded Products
The UK is set to reverse its ban on crypto exchange-traded notes, opening the door for retail investors to access these financial products.
Banking
Vietnam's Central Bank Projects Strong Credit Growth as Crypto Gains Traction
Vietnam's central bank anticipates a significant rise in credit growth, reflecting the nation's increasing embrace of cryptocurrencies.
News
FDIC to Assess New Rules Affecting Banks' Engagement with Crypto
A planned FDIC meeting will explore rules potentially impacting crypto companies amid concerns of debanking.
Finance
US SEC Remains Silent on Canary Litecoin ETF During Government Shutdown
The US Securities and Exchange Commission has not made a decision regarding the Canary Litecoin ETF, increasing uncertainty in the crypto community amidst a government shutdown.
News
October Promises Key Changes for Altcoin ETFs with SEC's New Guidelines
The SEC is set to review 16 crypto ETF applications this October, potentially revolutionizing the U.S. market landscape for cryptocurrencies beyond Bitcoin and Ethereum.
Legislation
Senator Ted Cruz Opposes Privacy Bill Targeted at Doxing Prevention
Senator Cruz blocks bipartisan legislation aimed at safeguarding citizens' personal information, citing law enforcement needs.
Weekly Summary
Highlights from the Crypto and Financial Markets This Week
This week saw fluctuations in cryptocurrency markets, heightened debates around regulatory measures, and major corporate moves in the blockchain space. Key focus areas included Bitcoin's stability, Ether's growing influence, and significant shifts in institutional investor behavior.
Finance
France, Austria, and Italy Push for Enhanced EU Regulation of Crypto Markets
Regulators advocate for stricter EU oversight to safeguard investors in the wake of diverse compliance with MiCA regulations.
Weekly Summary
Significant Developments in the Crypto Market This Week
This week saw notable price movements in cryptocurrencies, especially with Bitcoin and Dogecoin, amidst key regulatory shifts and institutional interest. The anticipation for upcoming U.S. inflation data and Federal Reserve decisions is shaping market sentiment.
Finance
SEC Chair Paul Atkins Highlights Vision for Future of Crypto Markets
Atkins outlines intentions for clearer regulations and the expansion of Project Crypto during a speech in Paris, stressing the importance of adapting to technological advancements.
Crypto News
Father of Crypto Legislation, French Hill, Advocates for Revisions in GENIUS Act
French Hill and Senator Cynthia Lummis are calling for amendments to the GENIUS Act in accordance with the upcoming market structure bill.
Finance
Leading U.S. Banking Authority Gould Acknowledges the Reality of Crypto Debanking
Jonathan Gould, head of the U.S. Office of the Comptroller of the Currency, is addressing the issue of crypto debanking alongside developing regulations for stablecoins.
Finance
Stripe’s Tempo Blockchain Represents a 'Referendum on Libra’s Legacy,' Warns Co-Creator
Christian Catalini expresses concerns that corporate-focused blockchains like Stripe’s Tempo may undo the ideals of decentralization championed by Libra.
Policy
SEC and CFTC Leaders Unite to Forge Future Regulatory Path
The chairs of the SEC and CFTC have announced a joint effort to streamline regulations affecting financial markets and crypto firms, underscoring their commitment to collaboration.
Policy
SEC Chairman Paul Atkins Reveals New Focus on Crypto Regulation
The U.S. Securities and Exchange Commission outlines a robust agenda for cryptocurrency regulations, prioritizing clarity for the market.
Policy
The CLARITY Act's Definition of 'Mature' Blockchains Lacks Key Aspects
Decentralization alone does not define a mature blockchain, according to insights from Algorand's Chief Strategy Officer.
Policy
CFTC Approves Polymarket's New Exchange, QCX
The Commodity Futures Trading Commission has allowed Polymarket's QCX acquisition to proceed without certain regulatory constraints.
Finance
U.S. Regulatory Bodies Unite to Facilitate Spot Crypto Trading
The SEC and CFTC have agreed to allow specific crypto assets to trade on registered platforms, aiming to streamline the regulatory framework amidst upcoming legislation.
