Regulation News
SEC Gives Franklin Templeton Green Light for Tokenized Money-Market Fund Custody
The SEC's investment management staff will not recommend enforcement action against Franklin Templeton's use of a blockchain-based custody setup for its tokenized money-market fund, a decision experts say other asset managers could study closely.
SEC Sets July Targets for Token Offering, Custody and Market Structure Rules
SEC Chair Paul Atkins pushed forward three crypto rulemaking proposals covering token offerings, custody and market structure for trading venues.
California's New Crypto Licensing Law Takes Effect, Raising the Compliance Bar
Crypto businesses serving California residents must now hold a state license, extending money-transmission-style oversight into digital assets.
Path Clears for Bank-Issued Stablecoins as Early as Late 2026
The GENIUS Act lets any FDIC-insured bank apply to issue payment stablecoins through a subsidiary, with the first bank-issued tokens expected by early 2027.
Japan and South Korea Rewrite Crypto's Legal Status in the Same Week
Japan reclassified crypto as a financial instrument while South Korea folded digital assets into its National Asset Basic Act, both in the same July week.
Hong Kong Tightens Crypto Rules as Asia's Regulatory Paths Diverge
As Japan reclassifies crypto as a financial instrument and South Korea opens its doors to corporate holders, Hong Kong is moving in the opposite direction.
GENIUS Act Deadline Splits Stablecoin Market Between USDC and USDT
A July 18 deadline for finalizing GENIUS Act rules is widening the compliance gap between USDC and Tether's offshore USDT.
Bank of Korea Clashes With Regulator Over Who Can Issue Stablecoins
The Bank of Korea wants stablecoin issuers to be at least 51% bank-owned, a rule the country's securities regulator says would shut out tech firms.
Trump Order Pushes Fed to Open Payment Rails to Crypto Firms
A May 2026 executive order directs regulators to study giving crypto and fintech companies direct access to Federal Reserve payment accounts.