Regulation
How the United States, European Union and other major jurisdictions are shaping the rules of digital asset markets.

SEC Signals Softer Stance on Staking Products
Commission staff issued informal guidance clarifying that certain custodial staking arrangements may fall outside securities laws.

European Regulators Review Early Impact of MiCA Full Application
One year into full application, ESMA and national authorities are reviewing how the Markets in Crypto-Assets Regulation is bedding in.

US Congress Advances Successor to FIT21 Market Structure Bill
House committees continue to work on a follow-up to the Financial Innovation and Technology for the 21st Century Act.

IRS Form 1099-DA Reporting Requirements Take Full Effect
US brokers of digital assets are now required to report gross proceeds and, from next year, cost basis on the new 1099-DA form.

UK FCA Finalises Rules for Crypto Financial Promotions
Britain's Financial Conduct Authority has continued to tighten its regime governing marketing of crypto assets to retail consumers.

Hong Kong Spot Crypto ETFs Continue to Attract Regional Flows
The city's spot Bitcoin and Ether ETFs have grown steadily since launch, cementing Hong Kong's role as a regional hub.

Singapore MAS Grants Additional Digital Payment Token Licences
Additional major crypto firms have received Digital Payment Token licences from the Monetary Authority of Singapore.

Tornado Cash Ruling Continues to Shape Sanctions Policy Debate
US courts have continued to grapple with the fallout of decisions concerning the OFAC designation of Tornado Cash smart contracts.

Binance Continues to Operate Under US Monitorship Terms
The exchange remains under the terms of its 2023 settlement with US authorities, with independent monitors overseeing compliance.

White House Digital Assets Executive Order Enters Second Year
An executive order establishing a strategic Bitcoin reserve and digital asset stockpile has now been in place for more than a year.

Ripple and SEC Finalise Remaining Elements of Long-Running Dispute
The parties have moved to resolve the last outstanding elements of the years-long securities dispute.

Federal Stablecoin Legislation Continues to Move Through Congress
Efforts to establish a federal payments stablecoin regime have continued to advance in both House and Senate.