Regulation
Federal Reserve moves toward narrower, crypto-driven take on master accounts
The U.S. central bank has been mulling the idea of a "skinny" version of master accounts for firms that want payments access without the deeper Fed demands.

Bybit returns to UK with 100 crypto trading pairs after 2-year break
Bybit exited the U.K. in 2023 following a tightening of rules around the promotion and marketing of crypto services.

What if crypto's U.S. market structure effort just never gets there?
Guessing the direction of Congress is akin to long-range weather prediction, with so many variables in play, and the industry's fate depends on a break in the storm.

U.S. SEC aids brokers on crypto custody, looks more closely at ATS activity
In its ongoing series of staff statements to illuminate the regulator's view on crypto matters, the Securities and Exchange Commission touched on broker custody.

U.S. FDIC proposes first U.S. stablecoin rule to emerge from GENIUS Act
The banking regulator began its formal rulemaking process to set up the procedures by which depository institutions can start stablecoin subsidiaries.

Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments
The chief executives of firms such as Gemini and Kraken will pitch in on U.S. policy efforts through the council's future, public discussions.

U.S. Banking Regulator Warns Wall Street on 'Debanking,' Claims Practices 'Unlawful'
The Office of the Comptroller of the Currency probed debanking of certain industries, including digital assets, and said it'll pursue any repeat of such activity.

U.S. Regulator Pushes Back on Banks Fighting Crypto's Pursuit of Trust Charters
Comptroller of the Currency Jonathan Gould spoke at an industry event in Washington, arguing that the OCC won't resist crypto because of banker complaints.

U.S. CFTC-Driven Spot Crypto Trading Going Live With Bitnomial, Opening Up New Arena
President Donald Trump's push toward friendly crypto policies produced a CFTC-led effort to encourage leveraged spot crypto trading, starting with Bitnomial.

Citadel Securities Challenges DeFi Framework in Letter to SEC, Sparking Industry Outrage
A Citadel Securities letter to the SEC argues that some DeFi systems resemble traditional exchanges and should face comparable oversight.

