US Treasury wants exchanges to vouch for foreign stablecoin issuers
Treasury's proposed GENIUS Act rule would make US platforms justify listing foreign stablecoins. It is out for comment, and nothing has been delisted yet.
Policy
Regulation, law and the government decisions that reach your wallet.
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17,600 people declared £1.38bn in crypto gains to HMRC
HMRC's first crypto gains figures show 17,600 people declaring £1.38bn for 2024-25. All of it self-declared, with exchange data-sharing due in 2027.
The Bank of England is being told to encourage stablecoins, not approve them
A bill due before the Lords in September would oblige the Bank to have regard to stablecoin innovation. No issuer has been approved and nothing changes today.
Treasury says $100m in crypto moved Iranian oil money
Treasury says one operator processed over $100m in crypto for Iranian oil sales since 2023. For UK holders the practical effect is broader address screening.
SEC’s plan for the $123m Terra investor fund is due on 20 August
A Jump Crypto subsidiary has already paid the $123.1m. The SEC's 20 August filing decides who is eligible to claim from it and how losses get counted.
Binance handed a user’s data to Russian authorities, and an arrest followed
CoinDesk reports that Binance passed user information to Russian authorities, contributing to the arrest of a Ukrainian donor. The exchange left the Russian market in 2023, but the records it collected before then did not go with it.
The SEC has finally written crypto rules down. They aren’t rules yet.
Regulation Crypto is the first time the SEC has tried to write rules for tokens rather than squeeze them into securities law from 1933. It still has to survive a comment period and a vote, and it changes nothing for UK holders.
Four empty seats could freeze Cardano’s treasury on 1 September
Four of the seven seats on Cardano's Constitutional Committee expire in the first days of September, and the replacements still need an on-chain vote to pass. Here's what actually stops if it doesn't, and what carries on regardless.
The stablecoin rule isn’t about owning them. It’s about who can sell them.
Treasury has proposed rules setting out which platforms may sell stablecoins to US customers from 2027. Nothing in it stops anyone holding one, and that distinction is the whole story.