Crypto regulation, legislation and public-policy developments.
AllUnity has launched CHFAU, a Swiss franc–pegged stablecoin issued under MiCA compliance after securing a BaFin license. The token targets institutional settlement use cases and expands the firm’s regulated stablecoin portfolio. While CHF stablecoins have historically seen limited adoption, AllUnity is betting that regulatory clarity will drive institutional demand.
Sygnum has launched a discretionary crypto asset management service targeting the $100 billion corporate treasury market. The bank is already managing $200 million under live mandates, aiming to bring traditional portfolio discipline to digital assets. The move reflects rising institutional demand for regulated, active oversight of crypto-heavy balance sheets.
A UK security committee chair has proposed a temporary ban on crypto political donations over foreign interference concerns. The plan would pause contributions until clearer regulatory guidance is issued. The move highlights growing scrutiny of digital assets in political fundraising.
Standard Chartered still expects the stablecoin market to reach $2 trillion by 2028, calling recent stagnation cyclical. However, it cut its forecast for stablecoin-driven T-bill demand to $800 billion–$1 trillion. The bank remains constructive on long-term crypto growth, even as it trims near-term Bitcoin price targets.
DWF says over 80% of 2025 token launches are trading below their listing price, with many falling 50–70% within months. At the same time, crypto IPO and M&A activity is surging, suggesting capital is rotating into regulated equity exposure. Investors appear to be favoring structure, transparency and enforceable rights over token speculation.
Nevada has sued Kalshi after a federal appeals court allowed state regulators to move forward over its sports contracts. Kalshi argues it is governed solely by the CFTC, not state gaming laws. The case could define how prediction markets are regulated across the US.
A global survey shows stablecoins are increasingly used for salaries and everyday spending, especially in emerging markets. Lower fees and faster cross-border transfers are key drivers. With regulatory clarity improving, stablecoins are gaining ground as practical payment infrastructure rather than purely trading instruments.
Binance denies enabling Iran-linked sanctions breaches and says an internal review found no wrongdoing. The dispute comes as the exchange remains under regulatory oversight following its 2023 US settlement. The case highlights ongoing scrutiny of compliance controls at major crypto platforms.
Boerse Stuttgart and Tradias are merging to form a regulated European crypto infrastructure provider focused on institutional clients. The move highlights accelerating consolidation under MiCA, as traditional finance firms scale up to compete in Europe’s evolving digital asset market.
Gemini’s exit is testing the UK’s ambition to become a global crypto hub, with industry groups warning that slow, overlapping regulations and high compliance costs are pushing firms to jurisdictions that offer clearer and more predictable frameworks.
Australia’s top financial regulator has won a decisive court ruling against BPS Financial over its Qoin Wallet product. The case reinforces ASIC’s hard line on unlicensed crypto activity and misleading claims. It also highlights how enforcement is tightening even as regulators selectively ease rules for compliant digital asset businesses.
Sen. Roger Marshall is backing off a swipe fee amendment that threatened to complicate a key crypto market structure bill. The move reflects growing pressure from the White House and party leaders to keep the legislation on track. Even without the amendment, the bill still faces a tight timeline and significant political hurdles.
Japan’s financial regulator is exploring rule changes that could allow crypto ETFs as early as 2028, signaling intent rather than approval, as major financial groups prepare for potential launches.
The UK’s financial watchdog has opened final consultations on 10 proposed crypto rules, aiming to apply traditional finance-style standards while acknowledging the sector’s inherent risks, with a new licensing regime for crypto firms expected to open applications in 2026.
Thailand’s SEC plans to introduce crypto ETF and futures regulations as institutional interest grows, with digital assets set to be recognized as an official asset class alongside portfolio limits and tighter rules for financial influencers, even as regulators step up enforcement, including the temporary suspension of KuCoin Thailand’s operations.
New SEC submissions spotlight rising tensions over self-custody and DeFi regulation, as industry groups push for clearer dealer rules while warning against weakened investor protections during ongoing CLARITY bill negotiations.
Messari says insider trading can only be meaningfully curbed on prediction markets that enforce KYC, warning anonymous platforms face major limits in detecting abuse as regulatory scrutiny rises after high-profile geopolitical bets.
Senate Judiciary leaders are pushing to remove crypto developer protections from a market structure bill, warning the language could weaken enforcement against unlicensed money transmission and illicit finance, complicating efforts to secure bipartisan support amid growing industry pushback.