News linked to this event type.
According to Cointelegraph, an annual survey by the UK's largest financial services institution, Lloyds Banking Group, of 100 executives from major UK banks, insurance companies, asset management firms, and financial sponsors shows that 71% of respondents expect tokenization to reshape financial services.
According to Ariel Givner, Judge Pacold of the U.S. District Court for the Northern District of Illinois issued a ruling supporting a partial preliminary injunction in a lawsuit involving Coinbase, Kalshi, and the U.S. federal government/U.S. Commodity Futures Trading Commission (CFTC) against Illinois Attorney General Kwame Raoul, thwarting Illinois' attempt to classify sports event contracts on the prediction market platform Kalshi under the state's gambling regulations in its initial legal push.
Alex Shevchenko, General Manager of NEAR Intents, stated that just hours after issuing a 48-hour return deadline to the identified attacker, the $3.8 million stolen from NEAR Intents has been fully refunded. The team has halted its investigation and is calling on security researchers to report issues through a bug bounty program in the future, rather than disrupting network services.
Consensys founder Joseph Lubin stated in a post that the team has recently addressed and resolved a security incident impacting some infrastructure. Based on current investigation results, there is no indication that the MetaMask wallet or user funds within it were affected. The mnemonic phrase, private keys, and wallet assets were not compromised in this incident, and users retain full control over their assets.
Atkins stated that the custody provisions of the current Investment Advisers Act and Investment Company Act predate the birth of the internet, and custody capabilities often lag by months after new assets are listed. The SEC's custody rule proposal aims to fill this gap. Atkins also outlined the current SEC's crypto regulatory initiatives, including ending "regulation by enforcement," arrangements related to tokenized securities, the proposed Regulation Crypto Assets issuance framework, and an "innovation exemption," noting that more regulatory proposals are already in the pipeline.
Odaily reports: Microsoft's official X account was accessed without authorization on Thursday, briefly following and promoting accounts linked to an unofficial Meme coin, reposting related tweets, and changing its profile picture to Clippy.The related content was deleted approximately 30 minutes later. Microsoft subsequently confirmed that the account had been secured, the unauthorized posts had been removed, and that it would continue investigating. Microsoft stated that it never authorized anyone to use its intellectual property, including Clippy, to promote tokens, and plans to take legal action.The token is named CLIPPY. The account Clippy MSFT had promoted a liquidity pool valued at over $200,000. Some promoters claimed it was backed by Microsoft's actual stock, but this claim has not been verified and has no official association with Microsoft. (Bitcoin.com News)
The Independent Community Bankers of America filed a lawsuit against the OCC in federal court, alleging that it exceeded its authority by issuing national bank charters to cryptocurrency companies, and stated that this places traditional small banks at a severe competitive disadvantage.
Odaily News: The ICBA has sued the Office of the Comptroller of the Currency (OCC), alleging that its approval of multiple crypto firms to establish digital asset trust banks allows these institutions to avoid the same regulatory standards as traditional banks, creating a competitive disadvantage. (CoinDesk)
Odaily News: Christian Trummer, co-CEO of Austrian cryptocurrency exchange Bitpanda, said that after the implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), most users have greater confidence in regulated market participants and trust compliant platforms more.Trummer also called for stronger MiCA enforcement, saying that some companies are still providing services to European clients without complying with MiCA licensing requirements, putting already-compliant companies at a competitive disadvantage.The transition period under MiCA for existing crypto service providers ends no later than July 1, and the European Securities and Markets Authority (ESMA) has required national regulators to take action against unauthorized firms that continue to provide crypto services after the transition period ends.ESMA has also called for stronger supervisory powers to address crypto services that are not authorized under MiCA, as well as third-country firms soliciting business from EU investors. (Cointelegraph)
BitPanda Co-CEO Christian Trummer stated that the implementation of the EU’s MiCA regulations has significantly increased retail users’ trust in licensed institutions, refuting the notion that retail investors prefer “self-custody.” He also called on regulators to strengthen enforcement against unlicensed firms attempting to enter the European market in violation of regulations.
US President Trump explicitly stated that the United States will not impose an export ban on diesel products. The remarks directly addressed recent market speculation regarding restrictions on energy trade.
Odaily reports: U.S. crypto advocacy group Stand With Crypto has announced its endorsement of a slate of bipartisan candidates for the midterm elections, including Ohio Republican Senator Jon Husted, Iowa Republican candidate Ashley Hinson, and New Hampshire Democratic candidate Chris Pappas. The group also endorsed more than 30 House members and candidates who have voted in favor of digital asset framework legislation.Stand With Crypto said it will run ads in 6 House races to support pro-crypto candidates. Previously, the U.S. Senate failed to secure the 60 votes needed to pass the CLARITY Act, which had passed the House last year. (Bitcoin.com News)
Odaily News: U.S. digital asset bank Anchorage Digital has reportedly laid off approximately 17% of its workforce. The company was valued at $4.2 billion earlier this year; if its global headcount remains at around 400 as it was in February, this round of layoffs would affect roughly 68 positions. CEO Nathan McCauley informed employees of the layoff arrangements this week.In recent years, Anchorage Digital has expanded its regulated crypto business and entered stablecoin issuance, including participating in Tether's newly launched USD stablecoin USAT. The company also received a $100 million strategic investment from Tether earlier this year. (Cointelegraph)
Former U.S. Securities and Exchange Commission Chair Jay Clayton is reportedly set to become the AI czar for the Trump administration. During his tenure at the SEC, he established precedents for cryptocurrency regulation through multiple enforcement actions.
According to a Lloyds survey, 71% of UK financial executives are optimistic about tokenization reshaping the industry, primarily citing improved settlement efficiency and liquidity management.
Odaily News: According to two people familiar with the matter, U.S. President Trump is expected to appoint current Director of National Intelligence Jay Clayton as the White House's new AI affairs chief ("AI czar"), with an announcement potentially coming as early as Friday local time. White House officials responded by saying that any personnel appointment will be announced directly by Trump himself, and that related reports before a formal announcement are "unfounded speculation."Clayton is expected to continue serving as Director of National Intelligence. Clayton previously served as Chairman of the U.S. Securities and Exchange Commission (SEC) and led the SEC for most of Trump's first presidential term. Last month, Trump announced plans to establish an "AI Force" and appoint an AI affairs chief to address regulatory discussions surrounding the rapid development of AI; Trump also previously told Axios that Clayton is a suitable candidate for the position. (CNN)
According to a CoinDesk commentary piece, U.S. SEC Commissioner Hester Peirce concludes her tenure today, having served since 2018. Article author and Blockchain Association Policy Assistant Will Schwartz reviews Peirce's work in digital asset regulation, focusing on her advocacy for financial privacy regulation ahead of her departure. Peirce previously noted at the SIFMA Digital Assets Conference that current financial oversight has long depended on the mass collection and storage of user personal data, while privacy-enhancing technologies like zero-knowledge proofs and verifiable credentials allow users to demonstrate transaction compliance with minimal personal disclosure. She argues that the industry currently lacks a regulatory framework that would permit and incentivize the deployment of these technologies. Schwartz calls for future regulatory regimes to increasingly integrate privacy-enhancing technologies, thereby curbing unnecessary consumer data exposure while still fulfilling law enforcement and compliance mandates.
Odaily News: Matador Technologies has announced the issuance of senior secured convertible debentures with an aggregate principal amount of $10.5 million, and currently holds approximately 168 bitcoins. The company funds its Bitcoin treasury through common shares and secured convertible debentures. This issuance is part of its $100 million secured convertible debenture facility, with the remaining $89.5 million available for drawdown in tranches subject to regulatory approval and other conditions. The company's current average monthly cash operating expenses are approximately CAD 125,000, with plans to further reduce this to approximately CAD 100,000. Shareholders will vote on October 14 on the creation of a new class of preferred shares.
Odaily News: U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce ended her term today. She served at the agency for more than 8 years, repeatedly dissenting when the commission chose to take enforcement action rather than formulate rules for the industry to follow, and earlier proposed a token safe harbor plan.Hester Peirce previously led the Crypto Task Force and stated that the SEC's duty to protect investors includes using its regulatory authority to provide regulatory boundaries for the rapidly expanding digital asset industry. (CoinDesk)
Mike Belshe posted on X stating that the failure of the CLARITY Act to advance leaves the US crypto market continuing to face systemic risks, particularly the risk of a single institution simultaneously controlling trading platforms, brokerage, and asset custody businesses.He stated that the collapse of a broker may cause localized losses; however, if the same institution simultaneously operates a trading platform and provides asset custody services, its collapse could drag the entire market into crisis, and its risks warrant more vigilance than the Lehman Brothers incident.