PNC Bank’s CEO said stablecoins must clearly choose between operating as payment tools or money market funds, warning that regulatory frameworks and risk standards will diverge sharply based on which path they take.
Wall Street trade group SIFMA has held private talks with leading crypto executives on a proposed market structure bill, signaling intensifying negotiations over how digital assets will be regulated and integrated into U.S. finance.
Australia’s online safety regulator has flagged xAI’s Grok in a surge of AI‑generated image abuse complaints, prompting fresh scrutiny of the chatbot’s safeguards and the company’s content moderation practices.
BitGo partners with Goobit to bolster Nordic Bitcoin infrastructure, combining custody and exchange services to enhance security, liquidity and institutional access across Sweden, Norway and the region.
Swiss Bitcoin app Relai acquires MiCA license in France, enabling regulated crypto services and expansion into EU markets. The move bolsters compliance and aims to attract European retail investors.
Invictus Pharmacy becomes the first U.S. pharmacy to accept cryptocurrency for prescription payments, citing improved patient privacy, faster transactions and expanded payment access.
The Tenth Circuit upheld the Fed’s denial of Custodia Bank’s master account, dealing a setback to crypto banking. Regulators cite stability concerns; industry warns the ruling could curb digital-asset innovation.
Bank of England proposes a £20,000 cap on retail stablecoin holdings, saying it will protect consumers. Crypto firms warn the narrow exemptions could stifle innovation and shrink the UK market.
Bybit teams with TaxBit to strengthen global tax compliance, offering users automated reporting and clearer records as exchanges adapt to tighter crypto taxation rules.
MyPrize, a U.S. sweepstakes casino, partners with Crypto.com to launch prediction market offerings, aiming to diversify revenue and tap crypto-savvy players amid regulatory scrutiny.