Citi Ventures invests in stablecoin infrastructure firm BVNK
Citi Ventures confirmed its BVNK investment on October 9, 2025, citing infrastructure for moving between stablecoins and traditional payment systems.
Policy News — Page 12
Crypto regulation, legislation and public-policy developments.
Coinbase Secures New York Approval to Launch Crypto Staking for ETH and SOL Holders
Coinbase has received New York state approval to offer crypto staking on Ethereum, Solana, and other assets. The move signals a regulatory shift in favor of staking services and marks another step in Coinbase’s broader goal of integrating crypto with mainstream finance.
AFL-CIO Warns Senate Crypto Bill Could Put Workers’ Pensions and U.S. Financial Stability at Risk
The AFL-CIO has condemned the Senate’s Responsible Financial Innovation Act, arguing it would expose retirement funds to crypto volatility and create systemic financial risks. The union compared the bill’s potential consequences to the 2008 financial crisis, calling for lawmakers to reject it in favor of stronger worker protections and oversight.
Canary’s Litecoin and HBAR ETFs Poised for Approval—But Government Shutdown Puts Launch on Hold
Canary Capital’s Litecoin (LTCC) and Hedera (HBR) ETFs are nearly ready for launch after final filings with the SEC. However, the ongoing U.S. government shutdown has delayed their approval. Analysts say the funds could pave the way for a broader altcoin ETF wave once the SEC resumes normal operations.
Grayscale Stakes $150M in Ether as SEC Prepares to Rule on Altcoin ETPs
Grayscale has staked $150 million in Ether after becoming the first U.S. asset manager to offer staking rewards through exchange-traded products. The move comes as the SEC prepares to rule on 16 altcoin ETPs this month, including key Ethereum and Solana funds, even as regulatory decisions face potential delays due to the U.S. government shutdown.
Plume Network Secures SEC Approval as Transfer Agent, Bridging Wall Street and Blockchain
Plume Network has registered as an SEC-approved transfer agent, allowing it to manage and issue tokenized securities under U.S. law. The move strengthens its position as a bridge between Wall Street and Web3, signaling growing momentum for real-world asset tokenization amid increasing institutional interest.
Plume announces SEC transfer-agent registration
Plume said its transfer-agent registration would support records and administration for tokenized securities. Registration is not a token endorsement.
Japan’s First Female Prime Minister Could Ignite a Fresh Crypto and Stock Market Rally
Japan’s new prime minister, Sanae Takaichi, has sparked optimism across stock and crypto markets with her pro-growth stance. Analysts expect her policies — including monetary easing and regulatory support — to drive renewed demand for digital assets like Bitcoin, especially as global macro pressures intensify.
Judge Dismisses Lawsuit Claiming Yuga Labs’ NFTs Are Securities
A U.S. judge dismissed a lawsuit against Yuga Labs, ruling that BAYC NFTs and ApeCoin do not qualify as securities under the Howey Test. The court found no evidence of a common enterprise or explicit promises of profit, reinforcing precedent that NFTs are primarily collectibles rather than investment contracts.
Coinbase Seeks National Trust Charter but Insists: “We’re Not a Bank”
Coinbase has applied for a U.S. National Trust Company Charter, aiming to expand services and strengthen regulatory credibility without becoming a bank. The move would reduce reliance on partner banks for fiat access and aligns Coinbase with other crypto giants like Circle and Ripple pursuing similar licenses.
Trump Administration Withdraws Brian Quintenz as CFTC Chair Nominee Amid Crypto Dispute
The Trump administration has withdrawn Brian Quintenz’s nomination to chair the CFTC, amid reports of pushback from Gemini founders Tyler and Cameron Winklevoss. The move leaves the CFTC without a permanent leader as Congress debates the Digital Asset Market Clarity Act, which could make the agency a key overseer of Bitcoin and Ethereum regulation.
SEC Staff Opens Door for Advisers to Use State Trust Companies as Crypto Custodians
The SEC’s Division of Investment Management has issued a no-action letter allowing advisers to use state trust companies as crypto custodians, marking an interim step toward custody rule modernization. While the move was praised by Commissioner Hester Peirce, Senator Cynthia Lummis, and industry analysts, Commissioner Caroline Crenshaw criticized it as bypassing formal rulemaking and disadvantaging federally chartered firms.
Pavel Durov: “I Funded My Lifestyle from Bitcoin, Not Telegram”
Telegram CEO Pavel Durov says he has relied on Bitcoin — not Telegram revenue — to finance his lifestyle, revealing he bought thousands of BTC in 2013. While predicting Bitcoin could hit $1 million, he also highlighted TON’s role in Telegram’s blockchain ecosystem despite regulatory hurdles.
SEC’s Tokenized Stock Push Could Bypass Crypto’s Benefits, Warns Dragonfly Exec
Dragonfly’s Rob Hadick says tokenized equities will reshape Wall Street but may not benefit Ethereum or the wider crypto ecosystem if institutions stick to private chains. The SEC is advancing tokenized stock discussions, but the sector remains nascent, with less than $1 billion in assets onchain.
Circle Teams Up with Deutsche Börse to Boost Stablecoin Adoption in Europe
Circle has partnered with Deutsche Börse to integrate its EURC and USDC stablecoins into Europe’s financial market infrastructure. The move leverages MiCA rules but comes as regulators debate a potential ban on multi-issued stablecoins. The collaboration could reshape settlement and custody workflows across European markets.
Wisconsin Bill Seeks to Free Crypto Users and Businesses From Money Transmitter Rules
Wisconsin lawmakers have introduced a bill that would exempt crypto mining, staking, and peer-to-peer digital asset transactions from money transmitter licensing. Backed by Republican sponsors, the measure still faces hurdles but could make Wisconsin one of the most crypto-friendly states in the US.
‘Government Grift’ ETF Tracking Congressional Trades Could Launch This Week
The Tuttle Capital Government Grift ETF (GRFT), designed to track the stock trades of US lawmakers and politically connected firms, could launch as soon as Friday. With Trump’s crypto-linked holdings possibly in scope and the SEC streamlining ETF approvals, the fund underscores the growing overlap between politics, traditional finance, and digital assets.
SEC Suspends Trading of QMMM Amid Manipulation Probe; Crypto Pivot Not to Blame
The SEC has suspended trading in QMMM Holdings until Oct. 13, citing concerns of potential stock manipulation linked to social media promotions. While QMMM recently pivoted to a crypto treasury model, analysts say the halt is focused on illegal trading activity, not its digital asset strategy. The move comes as regulators expand probes into the fast-growing crypto treasury trend on Wall Street.