Crypto Regulation

Follow
Illustration of Mastercard securing BitLicense approval in New York for stablecoins, featuring a handshake in a Manhattan office with digital tokens and skyline view.
Image generated by AI

Mastercard secures new york bitlicense for stablecoins

Reported by AI Image generated by AI

Mastercard has obtained a BitLicense from New York regulators to expand its digital asset activities. The approval covers stablecoins and tokenized payment infrastructure.

The U.S. Securities and Exchange Commission is developing an innovation exemption to allow limited trading of tokenized securities on a trial basis. The measure aims to test blockchain uses while longer-term rules are prepared.

Reported by AI

Administration officials hosted law enforcement representatives at the White House on June 10 to address concerns about Section 604 of the CLARITY Act. The provision would shield many software developers from money-transmitter rules while keeping exchanges and hosted wallets under compliance requirements. Discussions centered on whether broad protections could hinder prosecutions of crypto-related crimes.

The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) signed a memorandum of understanding on March 11, 2026, to enhance coordination on crypto and derivatives oversight. The agreement aims to reduce regulatory overlaps that have driven activity overseas. SEC Chair Paul Atkins acknowledged that past turf wars contributed to the challenges faced by U.S. crypto firms.

Reported by AI

The US Senate has approved the GENIUS Act, establishing a federal framework for dollar-pegged stablecoins. The bill requires full backing by liquid assets and aims to reinforce US dollar dominance. It passed with bipartisan support amid debates over risks and political ties.

Building on December's charter approvals for firms like Circle and Ripple, the U.S. Office of the Comptroller of the Currency (OCC) has proposed detailed rules to implement the GENIUS Act for stablecoin issuers, addressing reserves, custody, redemption, and rewards programs on platforms like Coinbase. The 376-page proposal emerged on the eve of a Senate Banking Committee hearing where regulators testified on crypto oversight, amid industry concerns over operational impacts.

Reported by AI

Lawmakers in the US Congress introduced a new bill on Thursday aimed at shielding crypto software developers from criminal prosecution. The legislation focuses on decentralized finance (DeFi) and raises questions about the status of a broader crypto market structure bill. This development comes amid ongoing debates over cryptocurrency regulation.

 

 

 

This website uses cookies

We use cookies for analytics to improve our site. Read our privacy policy for more information.
Decline