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UK’s FCA lowers stablecoin capital buffers to 1%, undercutting EU’s MiCA

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The United Kingdom’s Financial Conduct Authority (FCA) reduced the proposed capital requirements for stablecoin issuers as it set out its formal guidance for cryptocurrency regulations. The Financial Services Authority reduced the amount of financial backing that must be set aside to 1% of the total value of the stablecoins they issue. It was previously 2 […]

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Circle (CRCL) selloff may be “overreaction,” but Open USD faces adoption test

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Still, he argued that Circle’s 16% selloff on Tuesday went too far. “I think it’s an overreaction,” he told CoinDesk. Circular Sales (TradingView) He pointed to Paxos’ Global Dollar Network (USDG), another consortium-backed stablecoin that shares reserve income with partners but has yet to gain significant market share. It has grown to a supply of

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SEC gives new ETFs a rethink as it opens comment period on overhaul of US rules

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The current process allows ETFs that meet certain conditions to jump into the markets without requiring a complicated waiver request from the regulator, and that approach has seen explosive growth from $4 trillion in 2019 to $12 trillion in 2025. “It is designed to build a track record that could be used to justify policy

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Chinese exile once linked to Trump strategist gets 30 years in prison in $1 billion fraud

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A US judge sentenced Chinese businessman Miles Guo, the billionaire behind fraudulent crypto venture Himalaya Coin, to 30 years in prison, long after a trial found the well-connected defendant guilty of multiple crimes in 2024. Guo, 55, also known as Ho Wan Kwok and a number of other aliases, was a self-imposed exile from China

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Nasdaq expands distribution of its market data to blockchain infrastructure

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Nasdaq is expanding the distribution of its market data onto blockchain infrastructure, making one of its flagship equity data products available through the Pyth Network as financial firms increasingly build trading and settlement applications on blockchain rails. The exchange operator said on Tuesday that it will publish its TotalView market data through the Pyth Data

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Circle (CRCL) Slips Like Stripe, Coinbase (COIN) and BlackRock (BLK) Back Rival Stablecoin Networks

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With more institutions embracing stablecoins, the competition is increasingly shifting from issuing tokens to determining who controls the underlying infrastructure and network. Unlike most existing stablecoins, Open USD will allow companies to mint and redeem tokens without fees while returning reserve revenue to participating partners, minus an administration fee. Governance will also be shared between

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The Clarity Act still faces a long road despite the Senate’s progress, Jefferies says

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The Clarity Act is widely considered the crypto industry’s most important market structure law because it will establish clear rules for when digital assets are regulated as securities by the Securities and Exchange Commission (SEC) or commodities by the Commodity Futures Trading Commission (CFTC), replacing years of regulatory uncertainty. Supporters say legal clarity would make

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MetaMask launches money account with stablecoin yield and consumption in one wallet

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MetaMask has launched a new self-custodial account that combines stablecoin dividends, payments and trading into a single product as wallet providers increasingly compete to become broader financial platforms rather than simple crypto storage tools. The new “Money Account,” announced Tuesday by MetaMask’s parent company Consensys, is built on the Monad blockchain and allows users to

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Tokenized securities need competition, not gatekeepers

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But familiar forms of market exposure, including broker-dealer securities, ETFs, depositary receipts, structured notes and other equity-related instruments, are well-established parts of the market today. Tokenization alone does not make them more or less legitimate. Their economic and legal structures should dictate their legislative treatment. The third model is issuer-sponsored tokenization. A company and its

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