Policy News

US lawmakers pause the CLARITY Act as DeFi leaders warn the bill still risks developers, DAOs rethink governance and regulators face mounting pressure.

Revolut is planning to apply for a US banking license through the OCC after previously considering a bank acquisition that could have required branch commitments.

The licensing move operationalizes Vietnam’s crypto pilot, though regulators have yet to confirm receiving or approving any exchange applications.

The initiative comes as enforcement actions and pending market structure legislation raise questions about how privacy tools and open-source developers are treated.

The Bank of Italy's Fabio Panetta said stablecoins can only play a complementary role in the monetary system, arguing that their stability depends on fiat currency pegs.

The submissions add to mounting pressure on regulators as Coinbase CEO Brian Armstrong calls for compromise to pass market structure legislation.

As Republicans look to notch policy wins ahead of the midterms, Trump advisor Patrick Witt says the market structure bill must include compromises to advance in the Senate.

South Korea is reportedly reviewing exclusive bank partnerships for crypto exchanges as regulators assess competition and prepare the Digital Asset Basic Act.

The moves highlight growing uncertainty over whether crypto prediction markets are to be treated as finance or gambling.

Insider trading is hard to curb on non-KYC prediction markets, but even identity checks do not fully eliminate abuse, according to Messari’s Austin Weiler.

The warning came as Hong Kong consults on new virtual asset advisory and management licenses, expanding oversight beyond crypto trading platforms.

India wants BRICS members to discuss linking their CBDCs for trade and tourism at a future summit, according to a Reuters report.

Kazakhstan’s President Kassym-Jomart Tokayev signed new laws creating licensed crypto exchanges and giving the central bank authority to approve tradable coins.

The CLARITY Act is becoming a fight over who controls yield as rules split DeFi companies and incumbents and risk pushing onchain US dollar yield offshore.

US President Donald Trump said the “leaker on Venezuela has been found and is in jail” as some Polymarket accounts tied to early bets on Maduro’s ouster go silent.