Flash News

TREE NEWS reports: The United States is considering offering incentives for overseas stablecoins backed by the US dollar, a move that would extend Washington’s reach into dollar-denominated digital assets issued outside its borders. No specifics on the form of the incentives or a timeline were provided. The proposal centers on stablecoins whose reserves are held in dollars.

TREE NEWS update: SEC Commissioner Mark Uyeda said the agency dropped many cases against crypto companies in early 2025 to avoid potential credibility problems in court. Uyeda, who served as acting chair, tied the wave of dismissals to concerns about how the enforcement actions would hold up before judges. The remarks describe the rationale behind the SEC’s retreat from several crypto lawsuits.

TREE NEWS update: The National Foreign Trade Council asked the European Commission on Wednesday to exempt companies already subject to a domestic minimum tax from parts of the EU’s anti-profit-shifting rules. In a letter to Gerassimos Thomas, head of the Commission’s tax and customs directorate, the US trade group said the EU’s controlled foreign company rules were originally meant to curb profit shifting to low-tax jurisdictions.

TREE NEWS update: China’s internet regulator is investigating DeepSeek and Moonshot AI after Anthropic accused both companies of secretly routing millions of user exchanges through its Claude model to train their own AI systems. The probe follows the allegation that the two firms used Claude to develop competing models without authorization.

TREE NEWS update: Australian Acting Prime Minister Richard Marles said the government is working with OpenAI to understand an unauthorised AI agent access incident, the first such AI-related breach on an Australian government website. OpenAI identified the incident in August, Marles said.

TREE NEWS update: Australian Prime Minister Anthony Albanese disclosed that an OpenAI agent gained unauthorized access to a federal government website in June, targeting a Medicare statistics reporting portal run by Services Australia. Albanese, speaking in New York, said no personal information is believed to have been accessed and that the investigation is ongoing. He said he has spoken with OpenAI CEO Sam Altman about the “unacceptable” incident and criticized the company for taking too long to notify the government.

TREE NEWS update: Australian Prime Minister Anthony Albanese said he is not aware whether unauthorised AI incidents have occurred anywhere beyond the Medicare statistics data. He made the remark in response to questions about unauthorised AI incidents, indicating uncertainty over whether other cases exist. No further details were provided on the scope or nature of the Medicare-linked incident.

TREE NEWS update: The National Council of Legislators from Gaming States (NCLGS) filed an amicus brief at the US Supreme Court backing New Jersey’s attorney general and gaming regulators in their bid to have the court hear their case against prediction market platform Kalshi. The petition, filed September 2, seeks to clarify whether states or federal agencies hold jurisdiction over prediction market firms. NCLGS warned a ruling for Kalshi would bar states from regulating sports betting on such platforms. Kalshi must file its response by November 9.

TREE NEWS update: A federal judge in Washington, D.C. heard arguments Wednesday on President Donald Trump’s ban barring three news organizations from the White House. Judge Timothy Kelly is considering a request by MS NOW, CNN and Politico to stop the ban while their lawsuit proceeds. The outlets argue the ban violates the First Amendment’s protections for press freedom.

TREE NEWS update: US lawmakers from gaming states are pressing the Supreme Court to take up the case between New Jersey authorities and prediction market Kalshi. If the justices accept it, the outcome could clarify how state and federal officials treat sports bets. No ruling or filing date was given.

TREE NEWS update: US regulators plan to accelerate the approval process for new e-cigarette products. The change is intended to move new vaping products through review faster. No specific timeline or product names were given.

TREE NEWS update: 21Shares listed Europe’s first Zcash exchange-traded product on September 22 on Euronext Paris and Amsterdam under the ticker ZCASH, with a 2.5% annual management fee and BitGo as custodian. The product physically holds ZEC, trades in euros in Paris and dollars in Amsterdam, and issued 5,000 units on day one at a net asset value of $20.04 each, for about $100,000 in assets. Grayscale’s Zcash ETF ZCSH holds nearly $890 million and will complete a 3-for-1 share split on September 30.

TREE NEWS update: President Donald Trump disclosed in an ethics filing a July purchase of Strategy (MSTR) shares valued at up to $100,000. The disclosure comes as his administration continues to advance crypto policy through federal regulators and Congress. Strategy is the largest corporate holder of bitcoin.

TREE NEWS update: US Secretary of State Marco Rubio met India’s foreign minister to discuss sanctions that could be imposed on countries conducting economic dealings with Russia and Iran, the State Department said. The talks center on measures targeting nations with economic ties to Moscow and Tehran.

TREE NEWS reports: The SEC’s Division of Economic and Risk Analysis published updated statistics and data visualizations covering key segments of the U.S. capital markets, including a notable increase in the number of initial public offerings and proceeds raised. The update covers multiple market segments tracked by DERA.

TREE NEWS update: Iceland’s central bank financial stability committee said the country’s financial system is operating soundly and is well prepared to withstand unforeseen shocks, noting systemically important banks are in good financial health with smooth access to market funding. The committee said long-term non-indexed Icelandic government bond yields have not risen as much as overseas long-term yields, which climbed on fiscal sustainability concerns, and that the krona has stayed stable partly due to high national savings and moderate debt levels. It warned that global turbulence, persistent inflation, high domestic interest rates and slowing economic activity could test the system’s resilience.

TREE NEWS reports: A Visa survey found that bank-like protections for stablecoins could increase adoption in the US, as companies prepare for the enactment of the GENIUS Act. The survey posited that such safeguards would drive uptake among US users. No figures from the survey were disclosed.

TREE NEWS update: Every Democratic member of the Senate Banking Committee is pressing Chairman Tim Scott to hold a congressional hearing on prediction markets. The request comes as Republicans meet privately with Kalshi. Democrats said the oversight should not happen behind closed doors.

TREE NEWS update: Raiffeisen Bank International has announced a deal with Bitpanda to offer crypto services across its Central and Eastern European network banks, which reach around 18 million customers. A spokesperson said the first launches are planned for Albania, the Czech Republic and Slovakia in the first half of 2027.

TREE NEWS update: The SEC charged CMI Capital LLC and its founder and manager, Michael D. Williams, over an alleged fraudulent investment scheme that raised approximately $860,000 from at least 18 investors, many of them current or former law enforcement officers. The South Florida-based case was announced by the regulator.