The Office of the Comptroller of the Currency (OCC) has removed a proposed restriction on third-party stablecoin rewards from its final GENIUS Act regulations, drawing criticism from US banking groups concerned that cryptocurrency platforms could attract deposits away from traditional lenders. The final rule, published on October 21, eliminates a proposed presumption that certain financial
Bitwise Asset Management and the Hyperliquid Policy Center have urged the US Securities and Exchange Commission (SEC) to revise its proposed cryptocurrency rules, exposing disagreements over token classification, issuer disclosures and secondary-market trading as the public comment period closed on October 20.In separate October 19 submissions, both organizations supported greater regulatory certainty but proposed different
France’s National Assembly has narrowly approved an amendment that would make certain cryptocurrency-to-stablecoin conversions taxable from January 1, 2027, potentially ending a tax deferral widely used by investors who move between volatile digital assets and fiat-backed tokens without cashing out. Amendment I-3898, introduced by lawmaker Nicolas Sansu, passed on October 16 by 38 votes to
Authorities in Ghana and Nigeria arrested 28 people during an international crackdown on online fraud networks, including cryptocurrency investment scams, while private-sector investigators identified more than $11 million in funds that could potentially be frozen, the U.S. Department of Justice announced on October 13.The operation also identified 117 human trafficking victims in Ghana, removed more
Turkish authorities have confirmed the detention of HEX and PulseChain founder Richard Heart, whose legal name is Richard James Schueler, and disclosed the seizure of $7.15 million in cash, six cryptocurrency cold wallets and numerous luxury assets during an investigation involving an Interpol Red Notice. Justice Minister Akın Gürlek said on October 17 that Heart
Circle Internet Group (NYSE: CRCL) disclosed that approximately 59% of its $1.4 billion in first-half 2026 revenue went toward USDC distribution, transaction costs and partner payments, leaving the stablecoin issuer with a net profit margin of roughly 7% as competition intensifies over the economics of digital dollars.In an October 16 statement, Circle said it paid
A consulting firm co-founded and partly owned by former White House crypto adviser Bo Hines received about $6.3 million through a Tether-linked arrangement while Hines was helping advance U.S. stablecoin legislation, according to a Wall Street Journal investigation. The report said Hines retained a one-third stake in Nxum while serving as executive director of the
The European Banking Authority has classified Circle’s USDC as the European Union’s first significant e-money token under MiCA, moving key parts of the $74 billion stablecoin’s supervision from France’s banking regulator to the EBA and subjecting Circle to stricter prudential requirements.The designation takes effect on November 12. From that date, the EBA will directly oversee
Evan Ceolini, chief executive of the crypto exchange aggregator SwapSpace, has a specific answer for why tokenized assets accelerated through 2025 and 2026. He argues in a HackerNoon essay published on 11 October that RWA growth followed the plumbing, and that four developments converged to make tokenized assets usable rather than merely available. Live data
BitMine Immersion Technologies has increased its Ethereum treasury to 6.03 million ETH, putting the company within roughly 76,000 tokens of its stated ceiling of owning 5% of Ethereum’s supply. The Tom Lee-chaired company acquired another 12,532 ETH during the past week, lifting total holdings to 6,028,946 ETH as of October 11. Using BitMine’s reference price