Regulation: archive
Every Regulation story in Digital Assets, newest first. 121 stories
2 stories
Payward builds the onshore perp out of licenses it bought
If the CFTC lets a HIP-3 contract trade under Bitnomial's rules, an offshore public blockchain's order book reaches U.S. clients with agency accountability attached — and the accommodation lasts only as long as the commission.
Clarity Act dies at cloture, and the rulebook moves to the agencies
The 49–50 Senate vote leaves market-structure definitions to the SEC and CFTC, where rules are cheaper to write and cheaper to rewrite.
16 stories
Senate's Clarity Act fails 49-50, and certainty shifts to the SEC
The eleven-vote miss hands market structure to agency rulemaking, which is quicker to write and quicker to reverse than a statute.
Clarity Act fails 49-50, and the agencies inherit the rulebook
With the bill dead, the durability institutional allocators were buying now rests on two commissions whose rules the next administration can rewrite.
Clarity Act falls 49-50, and the crypto exit stays unwritten
With the statute dead, the SEC's exemptions and a narrow tokenization approval are the whole rulebook—and neither can answer how a token trades after issuance.
Clarity Act fails, leaving agencies the rulebook
Without a statute, every charter, ETP rule and venue accommodation the industry is building on stays revocable by the regulator that granted it.
Clarity Act's ethics fix is paperwork, not a firewall
Two of the bill's hardest provisions, ethics and stablecoin interest, were rewritten hours before a 60-vote gate, and the ethics text already shows the shape of what the last votes bought.
Senate's crypto market-structure vote turns on seven senators
A failed motion costs the bill its place in the queue and leaves custody charters and issuer-controlled settlement rails as the framework the market actually runs on.
A failed Clarity Act vote leaves tokenized equities with Congress
The procedural vote is leverage for both parties, but its cost lands on the one product the agencies have already refused to hand a compliance path.
Clarity Act's fate now rides on riders, not definitions
Republicans rejected a Democratic counteroffer hours before the Senate's 60-vote cloture test, and prediction markets cut the Clarity Act's 2026 odds from about 30% to 14%.
Atkins moves the crypto rulebook to the SEC's own docket
Three SEC rulemakings — custody, transfer agents, issuance — will bind platforms whether or not the Senate advances the Clarity Act.
Crypto's unglamorous tax bill reaches its first markup
Ways and Means votes Wednesday on 114 pages of de minimis relief, wash-sale treatment, and broker reporting that will decide whether institutions can hold digital assets at book scale.
Eighteen AGs put preemption at the center of the Clarity Act
The sponsors can trade text with gaming tribes; a state-police-powers savings clause is the harder ask, and the letter urges a no vote until it exists.
A Failed CLARITY Vote Would Speed Wall Street's Crypto Buildout
The market-structure bill is a tailwind rather than the precondition, and failure pulls the 2027-28 tokenization calendar forward instead of parking it.
The digital euro's binding constraint is merchant economics
The ECB's 2029 target depends on retail acceptance and unfinished law, neither of which the pilot can settle.
Banks want the stablecoin rewards line drawn first
Eight banking groups spent the last day before the Senate vote trying to narrow a stablecoin rewards loophole, but the circuit breaker they're attacking is time-boxed and small — and that scope is the tell.
House crypto tax bill reaches institutions, then hits the calendar
A 114-page tax text takes up the accounting questions funds and advisors need answered; the House recess is likely to kill it before those answers become law.
Clarity Act's ethics rewrite buys a vote, not a stablecoin yield fix
The new ethics language removes the Democratic objection that stalled the Senate's market-structure bill, leaving the yield fight that sank it once before as the only live dispute.
2 stories
Atkins names the crypto rule's hardest question, then hands it to Congress
The SEC's proposed crypto rule can write the entrance to a U.S. token offering; its chair has just said Congress must write the exit.
Clarity Act odds now ride on an ethics bar
Conflict restrictions written without a sunset and enforceable by state attorneys general would outlast the definitions the bill is nominally about.
1 story
Lummis revises CLARITY five days out and leaves the carve-out alone
Three narrow changes land five days before a 60-vote cloture motion that still turns on the DeFi anti-money-laundering exemption.
1 story
Atkins headlines a Solana summit while the SEC's rulebook waits
The SEC's most legible statement on digital assets right now is the company its principals keep.
1 story
SEC clears Nasdaq Texas rule for crypto ETP listings
Accelerated approval gives Nasdaq Texas an SEC-cleared Commodity Based Trust Shares standard, the exchange rule spot bitcoin and ether products need before they can trade.
2 stories
Hyperliquid's U.S. perp path runs through Bitnomial
Bloomberg-reported talks would put Hyperliquid's permissionless perps on Bitnomial's CFTC-regulated exchange; the open question is whether the commission blesses the mix.
SEC pushes Form PF deadline to 2027 while it rebuilds the rule
Managers who build to the old amendments now may pay twice. The SEC is narrowing the rule before it lands.
1 story
Cboe BZX caps the spread on crypto ETP market-maker quotes
The immediate-effectiveness filing turns a two-sided quoting obligation into a measurable spread standard; the width BZX chose decides how much it binds.
2 stories
CLARITY Act gets a date; 60 votes remain the real test
The Sept. 15 cloture vote will show whether the White House push and the SEC's token proposal moved Senate math, not just token prices.
A prediction-market fight nears the Supreme Court
A circuit split over who polices event contracts could put the question before the justices by June.
2 stories
White House backs CFTC move to onshore Hyperliquid
A compliant US path for Hyperliquid would fold the venue into the CFTC's rulebook and hand the exchanges that lobbied against it a defeat.
OCC grants Trump-linked World Liberty a conditional trust charter
The preliminary approval puts a Trump-linked stablecoin issuer on a regulated fiduciary path, but final sign-off still depends on preopening requirements.
10 stories
GENIUS Act's redemption test opens a stablecoin wrapper gap
Coins that redeem only into other stablecoins fall outside the payment-stablecoin definition, opening a route around issuer regulation that rulemaking has to close.
SEC proposes crypto asset rules with $75 million exemption, safe harbor
The proposal gives token issuers a registration-free path to $75 million and a completion-based off-ramp from security status.
Bank of England listens, but stablecoin rules wait on risk appetite
Lord Ranger came away from a Bank of England evidence session with two impressions. The one that sets the stablecoin timeline is risk appetite, not technology.
Treasury proposes stablecoin definitions in first GENIUS Act rulemaking
Treasury's first rulemaking under the stablecoin law sets definitions and a comment schedule that will determine which issuers face U.S. rules.
Stablecoin yield deal revives Clarity Act with Coinbase on board
A Senate compromise on stablecoin interest payments restores Coinbase's backing and moves the Clarity Act toward markup.
Stablecoin yield deal breaks the Clarity Act impasse
A Senate compromise on stablecoin interest and Coinbase's endorsement clear the way for a Clarity Act markup. The hardest fight moves to rulemaking, where "bona fide" gets defined.
Trump expected to meet crypto CEOs at White House before CFTC panel's first session
The White House meets crypto's chiefs the day before the CFTC innovation panel's first session. A stalled market-structure bill and an ethics standoff hang over both.
Bank lobby's yield push helps knock over Clarity Act
The stablecoin yield argument may have fatally derailed the Senate's crypto-rule bill, with three weeks of action left.
Stablecoin flows spill into currency markets, BIS-IMF paper finds
A BIS-IMF working paper finds stablecoin purchases from non-dollar economies spill into traditional currency markets, raising dollar funding costs for banks and corporates that never touched crypto.
Treasury proposes GENIUS Act definitions for stablecoin issuers
The first formal GENIUS Act rule will decide who must license stablecoin issuance, with Tether's treatment and a congressional rewrite hanging over a January 18 deadline.