Tag: Crypto regulation

White House targets July 4 passage of the Clarity Act for broad U.S. crypto market structure legislation. Senate Banking Committee markup planned for May, with floor action in June to allow House reconciliation. Stablecoin yield compromise deemed closed; ethics provisions under discussion to address conflicts of interest. Bill would clarify CFTC vs. SEC jurisdiction, exempt compliant digital asset sales, and include safeguards...

Deal terms: Payward will acquire 100% of Bitnomial for up to $550 million payable in cash and stock, valuing the parent company’s equity at $20 billion. Licenses secured: The transaction gives Kraken control of a fully CFTC-regulated U.S. derivatives platform, including an exchange, clearinghouse and brokerage. Strategic impact: Bitnomial, the first crypto-native firm to hold the complete suite of CFTC licenses, spent over a decade...

First approvals: HKMA issued the initial batch of stablecoin licenses to HSBC and Anchorpoint Financial (Standard Chartered-led consortium with Animoca Brands). Regulatory milestone: Licenses granted under the Stablecoins Ordinance that took effect in August 2025; HKMA reviewed 36 applications. Strict safeguards: Stablecoins may only transfer to identity-verified wallets; travel rule applies to transfers above HK$8,000. Issuer...