Policy

Coinbase pulls support for major crypto bill. Here's what it means for the industry
Coinbase's withdrawal of its support potentially derails market structure legislation, says an analyst, noting that it's bad for the crypto industry and good for the banks.

Senator Lummis says crypto market structure bill hearing may get postponed
The Senate Banking Committee may delay its hearing on the crypto market structure bill, originally scheduled for Thursday, Senator Cynthia Lummis told Bloomberg.

UK regulators start major consultation on crypto listings, DeFi, and staking
The proposals outline a "similar approach" to regulating crypto as in TradFi, echoing the U.K. Treasury's intention to extend financial rules to crypto.

U.S. Crypto Education Group, American Innovation Project, Gets First Director
The Blockchain Association's COO, Allie Page, is leaving to be the inaugural director of AIP, which is focused on educational events for decision makers.

Swiss Crypto Bank AMINA Secures MiCA License in Austria
The Swiss banking group’s Austrian subsidiary, AMINA EU, will spearhead a European market launch and accelerated expansion into the trading block.

China Inaugurates Digital Yuan Operation Centre to Push CBDC Integration: Report
The initiative is intended to enhance settlement efficiency, and serve as building blocks toward a broader framework for e-CNY integration.

Australia Looks to Bring Crypto Under Financial Services Framework With New Draft Legislation
Digital asset platforms (DAPs) and tokenized custody platforms (TCPs) will fall under the same bracket as other financial intermediaries.

France, Austria and Italy Urge Stronger EU Oversight of Crypto Markets Under MiCA
Regulators seek direct ESMA supervision and tighter rules on non-EU platforms to boost investor protection.

Belarusian President Backs Crypto and Cash Adoption to Navigate Sanctions
Lukashenko called for regulatory oversight of the crypto market and criticized banks for mistreating customers.

SEC’s Crypto Task Force Will Tour U.S. to Hear From Small Startups on Policy Reform
The task force will visit 10 cities from August to December, targeting smaller crypto projects, to hear their perspectives and concerns.

