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News
6US SEC Proposes New Rules for Crypto Asset Custody
The US Securities and Exchange Commission proposed a framework for crypto asset custody among registered advisers and funds, alongside updating custody and audit requirements.
FinCEN Drops Crypto Wallet Rule While Maintaining Oversight of Mixers
FinCEN has withdrawn a 2020 proposed rule regarding cryptocurrency wallets and canceled a 2023 measure on mixing services, with the decision taking effect upon publication on October 6.
Rain Applies for National Trust Bank Charter in New York
Rain has applied to the Office of the Comptroller of the Currency to establish "Rain National Trust Bank" in New York to custody digital assets and issue dollar-backed stablecoins.
US Banks Sue Banking Regulator Over Trust Charters for Crypto Companies
The Independent Community Bankers of America filed a lawsuit seeking to invalidate a rule, an interpretive letter, and a conditional approval that granted crypto companies national fiduciary status.
US Department of the Treasury Proposes Regulations to Regulate Stablecoin Issuers
The US Department of the Treasury introduced proposed regulations under the GENIUS Act setting capital, liquidity, and compliance requirements for stablecoin issuers, in a move reshaping the digital asset regulatory landscape, according to reports.
EU Launches Inspection on Implementation of AI Act in 24 Countries
The European Union has launched a coordinated inspection sweep to monitor the implementation of the AI Act across 24 jurisdictions, marking the initial steps in enforcing the world's largest regulatory framework for artificial intelligence, according to reports.