Wyoming Senator Cynthia Lummis, a leading advocate in the US Senate Banking Committee for digital asset regulation, is pushing forward with plans to advance the Responsible Financial Innovation Act next week. Speaking at the Blockchain Association Policy Summit, Lummis acknowledged the intense bipartisan negotiations have left legislative teams fatigued but emphasized the urgency to proceed […]
Stablecoin issuer Circle is developing USDCx, a privacy-enhanced version of its US dollar-pegged USDC token, in partnership with privacy-focused blockchain company Aleo. Targeting institutional and enterprise clients, USDCx aims to overcome the transparency concerns that have held back adoption by offering “banking-level privacy.” Unlike traditional stablecoins whose wallet addresses and transactions are fully visible on-chain,
PNC Bank has made a pioneering move by introducing direct spot Bitcoin trading for eligible private bank clients, becoming the first major U.S. bank to enable buying, holding, and selling Bitcoin directly within its own digital platform. This milestone is part of the initial launch phase of PNC’s partnership with Coinbase, leveraging Coinbase’s Crypto-as-a-Service trading
$json.BodyEdited: Bitwise Asset Management’s 10 Crypto Index Fund (BITW) is making a significant leap by moving from the over-the-counter market to the NYSE Arca, a major regulated securities exchange. This transition, effective Tuesday, integrates BITW into the mainstream trading ecosystem as an exchange-traded product (ETP), enhancing accessibility for investors seeking diversified exposure to the top
$json.BodyEdited: CryptoUK, a prominent UK cryptocurrency trade association, has announced its integration into The Digital Chamber, a leading US-based crypto policy advocacy group. This collaboration marks a pivotal step toward unified, cross-border advocacy for digital asset regulation between the UK and the US. CryptoUK will operate under The Digital Chamber’s umbrella, creating a seamless platform
$json.BodyEdited: The US Office of the Comptroller of the Currency (OCC) has officially endorsed national banks’ ability to facilitate cryptocurrency transactions as riskless principals, enabling them to intermediate crypto trades without holding the assets on their balance sheets. This regulatory move inches traditional banks closer to offering fully regulated crypto brokerage services. In a recently
Real Finance has raised $29 million in private funding to develop an institutional-grade infrastructure for real-world asset (RWA) tokenization. The majority of the funds — a $25 million commitment — came from digital asset investment firm Nimbus Capital, with additional support from Magnus Capital and Frekaz Group. This capital injection will be used to expand
Digital Asset and a consortium of financial institutions have successfully completed a second phase of on-chain US Treasury financing on the Canton Network, introducing real-time collateral reuse and broadening stablecoin involvement. Building on a pilot initiated in July, where US Treasurys and the USDC stablecoin were combined to finance and settle transactions on blockchain, this
US Senator Cynthia Lummis, a leading advocate for digital asset legislation, expects the digital asset market structure bill to move to markup before Congress’ holiday break. At the Blockchain Association Policy Summit, Lummis emphasized the urgency to advance the Responsible Financial Innovation Act, despite the exhaustive bipartisan negotiations and earlier delays caused by government shutdowns
$json.BodyEdited: A new regulatory filing by Tidal Trust proposes launching an innovative exchange-traded fund (ETF) designed to hold Bitcoin exclusively outside of US market trading hours. Filed with the US Securities and Exchange Commission (SEC), the Form N-1A registration introduces two Nicholas Wealth Management ETFs, including the Nicholas Bitcoin and Treasuries AfterDark ETF, intended to
