The SEC has proposed updated crypto custody rules for advisers and regulated funds, aiming to widen legal custody options while keeping cybersecurity, segregation, and investor protections intact. Supporters see long-overdue modernization; critics warn it could loosen safeguards in the name of progress.
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Circle is urging EU policymakers to loosen parts of MiCA, arguing that stablecoin rules are too rigid for a global market. The company says only a handful of major stablecoins are compliant today and warns Europe risks pushing activity offshore if it keeps the framework too tight.
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African businesses are increasingly using stablecoins to speed up cross-border payments, cut settlement delays, and dodge the pain of costly bank rails. But the gain comes with caveats: compliance, local payout infrastructure, and a fresh dependency on foreign dollar-backed issuers.
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Citigroup has raised its 12-month Bitcoin target to $113,000 from $82,000 as ETF inflows rebound, crypto activity strengthens, and macro conditions improve. The bank also lifted its Ether forecast, but warned that U.S. regulatory uncertainty still hangs over the market.
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U.S. Treasury has targeted A7 Network over alleged Iran sanctions evasion through a shadow banking setup, but the viral $17 billion payment claim is not confirmed in the supplied source material and should be treated cautiously.
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Washington still hasn’t settled who sets the rules for banks and crypto: Congress or the regulators. The CLARITY Act could tighten the framework, but banks would still face heavy supervision, leaving U.S. crypto policy stuck between legal clarity and regulatory muscle.
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U.S. Treasury has sanctioned the A7 Network, calling it a shadow-banking and sanctions-evasion operation tied to Russia and Iran, with crypto used as one tool in a broader illicit finance scheme. The move aims to freeze access and choke off the network’s reach.
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Illinois isn’t off the hook yet: the state wants a court to delay its planned 0.2% crypto tax to July 2027 as the legal fight with industry groups escalates. The dispute centers on broad compliance burdens, blockchain-specific treatment, and whether the levy is even lawful.
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Adam Back’s name is now tied to Bitcoin’s covenant opcode debate, a fight over whether built-in spending rules would make BTC more useful or just more complicated. Supporters see stronger self-custody tools; critics see another messy protocol can of worms.
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Bitget says a hot wallet exploit hit about $351.6 million in assets, with cold storage untouched and user funds protected. The breach has sparked fresh scrutiny of cross-chain laundering, THORChain’s role, and separate, still-unproven claims of hidden Coinbase hacks.
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