SEC Updates Crypto-Asset FAQs as Firms Seek Clarity on Federal Securities Rules
TL;DR: The SEC Division of Corporation Finance added questions 1.4, 1.5 and 1.6 to its crypto-assets FAQ on November 2, 2026. SEC staff positions may be informative without having the legal force of a statute, judicial judgment or final Commission rule. This distinction is worth making because crypto regulation often arrives in several formats: speeches,…
FCA Proposes Crypto Crime Guidance On Wallet Checks And Blockchain Analytics
TL;DR: The FCA is consulting on updated financial crime guidance for crypto businesses, including customer checks, blockchain analytics and the Travel Rule. Responses are due December 24, and the guide itself would not create new rules. Crypto businesses preparing for the UK’s expanded regulatory regime have a more detailed picture of the controls the Financial…
US Senator Questions Tether Over Reported Payments Linked To Former Crypto Adviser
TL;DR: Senator Richard Blumenthal has demanded records from Tether and consultancy Nxum over reported payments and potential ethics concerns; the inquiry is not a finding of wrongdoing. Tether is facing questions from a senior U.S. senator over reported payments to a consultancy connected to a former White House crypto-policy official. The concern is about potential…
Crypto Industry Group Pushes Congress For Small-Payment Tax Relief And Clearer Rules
TL;DR: The Blockchain Association has asked congressional leaders to advance bipartisan crypto tax changes, including a de minimis exemption and revised treatment of stablecoins and staking rewards. For a person buying coffee with cryptocurrency, the tax rules can be far more complicated than the payment itself. A U.S. crypto trade group is asking Congress to…
Crypto Industry Group Asks Treasury To Clarify GENIUS Act Rules For DeFi
TL;DR: The Blockchain Association has urged the US Treasury to draw clearer lines around DeFi software, foreign stablecoin issuers and who could face liability under proposed GENIUS Act rules. The fight over US stablecoin regulation is shifting from Congress to the details of implementation. In comments on Treasury’s proposed Section 3 rules under the GENIUS…
Hyperliquid Policy Center Calls For Five Changes To SEC Crypto Rule
TL;DR: The Hyperliquid Policy Center supports the SEC’s proposed crypto framework but says five changes are needed to make the rules workable for token developers and markets. The Hyperliquid Policy Center has welcomed the US Securities and Exchange Commission‘s attempt to clarify how securities law applies to crypto assets, while warning that details around distributions…