News linked to this event type.
According to The Block, Włodzimierz Czarzasty, Speaker of the Polish Sejm (lower house of parliament), announced that the Sejm has officially launched debates on four competing cryptocurrency-related bills—submitted respectively by the government, President Karol Nawrocki, the Poland 2050 party, and the Coalition Party—with the second reading scheduled for this Thursday. Previously, President Nawrocki had vetoed cryptocurrency legislation twice. The main point of contention between the government’s and the president’s proposals concerns the account-freezing authority of the Polish Financial Supervision Authority (KNF) and the upper limit for fines: the president’s proposal retains the maximum fine at 20 million PLN (approximately USD 5.5 million), whereas the Ministry of Finance’s draft raises it to 25 million PLN (approximately USD 6.9 million). Meanwhile, lawmakers from the Law and Justice Party (PiS) withdrew their earlier market-regulation bill—originally submitted in April—on Monday and instead introduced a new proposal that would comprehensively ban cryptocurrency activities within Poland. Speaker Czarzasty stated that the ban proposal will only enter the legislative process after the four primary regulatory bills have been reviewed. He also raised questions regarding financial ties between the cryptocurrency exchange ZondaCrypto and Polish politicians, and probed the underlying motivations behind President Nawrocki’s two vetoes of cryptocurrency legislation.
Polish Sejm Speaker Włodzimierz Czarzasty announced the parliament has officially begun deliberations on four competing bills for crypto asset regulation, following President Karol Nawrocki's two vetoes of related legislation. The review involves legislative proposals from the government, the Presidential Office, the Poland 2050 party, and the Confederation party, with the second reading vote expected on Thursday. Key disagreements center on the scope of the Polish Financial Supervision Authority's (KNF) power to freeze accounts and the maximum penalties for violations. The president's draft sets a maximum fine of approximately 20 million zloty (about $5.5 million), while the Treasury's version raises it to 25 million zloty (about $6.9 million).Meanwhile, the opposition Law and Justice party (PiS), after withdrawing support for an earlier regulatory proposal, submitted a separate bill on Monday advocating for a complete ban on crypto asset-related activities in Poland, further complicating the regulatory debate. Speaker Czarzasty stated that the PiS ban draft will enter the deliberation process only after the four main regulatory bills are completed, and questioned the links between crypto industry funds and political activities, specifically naming potential political funders including zondacrypto. (The Block)
Odaily In a related lawsuit against OpenAI being heard at the U.S. District Court in Oakland, California, one of the highly anticipated key witnesses, OpenAI CEO Sam Altman, is expected to testify in court today.The case was filed by Elon Musk in 2024, accusing OpenAI and its management of violating their non-profit mission commitments and questioning whether their transition to a commercial structure breached charitable fiduciary duties.During the trial, OpenAI Board Chair Bret Taylor continued to testify, stating that the company was "on the brink of collapse" during the management turmoil in 2023. He noted that the restructured organization is now clearer, though the non-profit entity retains control.Meanwhile, Satya Nadella testified that when Microsoft invested over $13 billion in OpenAI in 2019, it "took on significant risk when no one else was willing to bet on them." He also stated that he had never received formal questions from Musk regarding the compliance of the investment.The case continues to focus on the legality of OpenAI's transition from a non-profit organization to a commercial structure. Altman's testimony is seen as a pivotal moment in this phase of the trial. (CNBC)
According to The Block, global asset management firm Franklin Templeton and Payward—the parent company of cryptocurrency exchange Kraken—have announced a partnership to jointly explore tokenization pathways for traditional investment products. The collaboration spans tokenized equities, compliant custody, actively managed yield products, and institutional crypto liquidity services. The two parties plan to launch tokenized Franklin Templeton financial products targeting institutional clients, with potential expansion to Kraken’s broader user base depending on circumstances. Arjun Sethi, Co-CEO of Payward, stated that this partnership will pioneer entirely new product categories that were not feasible just three years ago. Meanwhile, Payward has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust company charter to further expand its access within the U.S. financial system.
According to CoinDesk, Denis Beau, Deputy Governor of the Bank of France, has publicly called on Europe’s public and private sectors to jointly advance the development of euro-tokenized money to counter the dominance of U.S. dollar–pegged stablecoins. This stance stands in clear contrast to that of European Central Bank (ECB) President Christine Lagarde, who remains cautious toward private stablecoins—citing financial stability risks posed by USDT, USDC, and others—and favors a central bank–led digital euro initiative expected to launch in 2029. Beau outlined a “triple objective” for Europe’s development: aligning with central bank monetary services; enabling regulated institutions to issue pan-euro tokenized private money; and strengthening the Markets in Crypto-Assets (MiCA) regulatory framework. His position closely aligns with that of the Qivalis consortium—a group comprising 12 major European banks, including ING, BBVA, and BNP Paribas—which plans to launch a private digital euro this year. Beau also revealed that the eurosystem will roll out its first tokenized wholesale central bank money service before year-end.
: tZERO, a regulated securities trading platform, has announced the integration of its tokenization issuance platform with the Aptos network, enabling issuers to directly issue Real World Asset (RWA) tokens on this high-performance public chain, further broadening the path for institutional-grade assets to be placed on-chain.Aptos is being positioned as the underlying network for institutional-grade tokenization infrastructure and is consistently attracting integration by traditional finance and compliant tokenization platforms. Currently, tokenized funds from institutions including BlackRock and Franklin Templeton are already operating on the chain. With tZERO's integration, the compliant asset issuance and trading infrastructure on Aptos is further enhanced, covering the full-chain capabilities from issuance, circulation, to settlement.
Franklin Templeton, the parent company of Kraken and a global asset management giant, has announced a collaboration with Kraken to develop on-chain investment products and advance the tokenization of traditional financial assets. The two parties will combine Franklin Templeton's experience in asset tokenization and compliant fund issuance with Kraken's trading, custody, and global user infrastructure, focusing on launching compliant products such as tokenized funds and on-chain wealth management. This initiative aims to bridge the connection between traditional finance and the crypto market. (Coindesk)
Odaily Odaily, the Stellar Development Foundation and the Government of Bermuda have jointly announced that Bermuda will migrate key payment and financial services to the Stellar network, officially advancing the construction of a "fully on-chain national economy." The initiative is based on Bermuda's 2018 Digital Asset Business Act regulatory framework and aims to significantly reduce the 3%-5% (or even higher) payment processing costs currently borne by local merchants.According to the plan, Bermuda residents will soon be able to receive wages, pay for goods and services, settle government fees, and hold digital assets through digital wallets on the Stellar network. The government will pilot stablecoin payments, financial institutions will be able to access tokenized instruments, and related assets will also be used for government disbursements such as social service payments.
Odaily Odaily: Blockchain analytics company Elliptic has completed a new $120 million funding round at a valuation of approximately $670 million. The round was led by One Peak Partners, with participation from Deutsche Bank, the venture arm of Nasdaq, and the British Business Bank. Existing investors, including JPMorgan Chase, also followed on.Founded in 2013, Elliptic provides crypto transaction monitoring and anti-money laundering (AML) and sanctions compliance tools for financial institutions and law enforcement agencies. The company currently screens over 1 billion transactions weekly for more than 700 clients, supporting the compliance operations needed for large banks, asset managers, and fintech companies to conduct digital asset business.
Genius Group, a Nasdaq-listed bitcoin treasury company, has disclosed a strategic investment of $5 million in digital bank Jewel Bank, acquiring a 9.9% equity stake in the company. It is reported that Jewel Bank is developing a U.S. dollar stablecoin, JUSD, planned to be backed by a 1:1 reserve of cash and U.S. Treasury bonds, with a target launch in the second half of 2026. The bank will also launch a real-time settlement system and offer white-label banking and stablecoin infrastructure services for enterprises. Following this investment, Genius Group will enter the regulated digital banking and stablecoin issuance sector. (Globenewswire)
Bitfinex has announced it has obtained a Digital Asset Service Provider (DASP) license in El Salvador, further expanding its compliant business footprint in Latin America and completing full regulatory coverage for its business lines in the country.Following this approval, Bitfinex's core spot trading platform has been brought under El Salvador's regulatory framework, forming a complete compliance structure alongside the previously licensed Bitfinex Securities and Bitfinex Derivatives, covering spot trading, derivatives, and tokenized securities businesses.
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
Odaily Planet Daily reported that Starknet, the Ethereum Layer 2 network developed by StarkWare, has officially launched strkBTC. This is a new Bitcoin-based asset designed to achieve private balances and anonymous transfers through zero-knowledge proof (ZK) technology while maintaining composability with DeFi applications. After its launch, strkBTC supports "re-anonymization," allowing assets to be bridged back to entirely new, unlinked Bitcoin addresses, and also provides compliance audit and asset screening features. (The Block)
Michael Saylor posted on platform X, stating that last night's CLARITY Act hearing will unleash the next wave of digital capital, digital credit, and digital equity in the US and globally, providing institutional validation for BTC, establishing a framework for the STRC-driven digital yield market, and promoting broader adoption of MSTR.
Bakkt released its Q1 2026 financial results, reporting a net loss attributable to the company of $11.7 million, or a loss of $0.41 per share, compared to a net profit of $7.7 million in the same period last year. Affected by a decline in crypto trading volume, Bakkt's crypto services revenue dropped from $1.07 billion in the same period last year to $243.6 million, a year-over-year decrease of 77%. However, a large portion of this was offset by crypto costs and brokerage fees. As of the end of the first quarter, the company held $82.6 million in cash and had no long-term debt. Bakkt stated that it is transitioning from crypto trading infrastructure towards stablecoin payments and AI financial infrastructure, and completed the acquisition of Distributed Technologies Research on April 30, obtaining an AI-native payment engine and stablecoin compliance technology stack. (Cointelegraph)
According to The Block, the Gross National Happiness (GNH) Mindful City (GMC) in Bhutan’s Special Administrative Region has officially launched its Accelerated Licensing Program for globally regulated digital asset enterprises. Companies holding licenses from major financial centers—such as Singapore, Abu Dhabi Global Market (ADGM), and Hong Kong—can benefit from an integrated regulatory approval and bank account opening process, significantly shortening time-to-market and gaining direct access to corporate bank accounts via DK Bank. On taxation, GMC offers zero corporate tax (for priority sectors), zero capital gains tax, zero dividend tax, and zero inheritance tax. Foreign-investment tax exemptions remain in effect until 2030.
: Galaxy Research Head of Research Alex Thorn stated that the U.S. Senate Banking Committee has released the first updated complete draft of the CLARITY Act since January. The new draft features significant adjustments in several key chapters, including:A substantial rewrite of Chapter I concerning definitions and the scope of the U.S. Securities and Exchange Commission (SEC) authority; the addition of Section 109 on insider trading; an update in Chapter II changing "common control" to "coordinated control"; a rewrite of Section 301 to further clarify the regulatory boundary between DeFi and CeFi; an update to Section 404 incorporating the compromise proposal from Tillis and Alsobrooks; adjustments to Section 505 narrowing the scope of SEC authority limitations in the tokenization field; and a restructuring of the bankruptcy and insolvency framework in Sections 701 and 702. Additionally, Section 904 is a new addition, namely the "Build Now Act."Alex Thorn also noted that the developer protection provisions in the Blockchain Regulatory Certainty Act, found in Section 604, remain largely intact with only minor modifications, without weakening their core protections.
Wintermute’s weekly market report indicates Bitcoin recently broke through $80,000 and briefly touched around $83,000, while also reclaiming the 200-day moving average for the first time in seven months. However, this rally is clearly more driven by leveraged capital rather than spot buying.The report notes that over the past month, Bitcoin open interest increased by approximately $10 billion, while spot trading volume dropped to a two-year low, a classic short squeeze scenario. Although ETFs still recorded net inflows of $623 million and BTC reserves on exchanges fell to a seven-year low, the current RSI has entered overbought territory. If spot buying fails to sustain after the short squeeze ends, BTC prices could face a rapid correction risk.Wintermute also stated that the current crypto market rally is more driven by the strength of US equities and the resonance of leverage, rather than an independent bull market narrative. Upcoming US CPI data and changes in Federal Reserve policy expectations will be key factors in determining whether BTC can stably hold above $80,000.
on May 12, the U.S. Senate Banking Committee released the latest 309-page draft of the CLARITY Act. However, Section 404 of the draft still stipulates a prohibition on rewards for "merely holding" stablecoins.Specifically, no regulated entity may directly or indirectly pay any form of interest or yield (whether in cash, tokens, or other consideration) to a restricted recipient solely because that recipient holds its stablecoin, or pay rewards on stablecoin balances in a manner that is economically or functionally equivalent to paying interest or yield on interest-bearing bank deposits.However, the latest draft also allows for stablecoin rewards and incentives tied to real activities or transactions, such as rewards linked to participating in actual transactions, payments, platform activities, or providing liquidity.
Odaily Coinbase CEO Brian Armstrong plans to meet with U.S. Republican senators this Wednesday, on the eve of a key committee vote on the CLARITY Act scheduled for Thursday by the Senate Banking Committee.Reports indicate the latest draft of the bill exceeds 300 pages, covering mechanisms for stablecoin reward programs, DeFi protection clauses, and federal regulatory standards for digital assets. Previously, Coinbase had withdrawn its support for the bill due to restrictions on stablecoin yield and DeFi protections. However, after revisions driven by Senators Thom Tillis and Angela Alsobrooks, Armstrong has recently softened his stance, stating the industry "didn't get everything it wanted, but the core demands were preserved."Currently, U.S. banking organizations continue to lobby for tighter stablecoin provisions, while some Democratic lawmakers are demanding the inclusion of conflict-of-interest clauses to restrict government officials from engaging in crypto-related business. Market participants are closely watching the outcome of this week's committee deliberations, which could determine whether the first comprehensive U.S. crypto regulatory framework can advance toward enactment by the end of 2026. (FinanceFeeds)