TREE NEWS reports: The Wyoming Stablecoin Commission announced an expanded collaboration with Chainlink to integrate on-chain reserve verification and secure minting mechanisms for its FRNT stablecoin. The move aims to enhance transparency and security for the state-issued token.
TREE NEWS update: Coinbase has launched regulated crypto derivatives contracts in Canada for the first time. The offering aims to expand its international footprint and provide Canadian clients with access to compliant derivative products.
TREE NEWS update: US Treasury Secretary Scott Bessent stated that parties involved in Iranian digital assets could become sanctions targets. This highlights growing regulatory scrutiny on crypto transactions linked to sanctioned nations.
TREE NEWS update: Thai businessmen have filed a lawsuit against Tether, claiming the firm unlawfully froze $42 million of their funds linked to a $61 million pig butchering scam. The plaintiffs admit involvement in the scam but argue Tether lacked authority to freeze the assets at the time. The case raises questions about stablecoin issuer’s power to freeze funds.
TREE NEWS update: The US Department of Justice, in collaboration with CrowdStrike, has announced the disruption of the Sality botnet, a malicious network that has operated for over 20 years. This action marks a significant milestone in cybersecurity efforts against long-standing criminal infrastructure.
TREE NEWS update: Thailand has enacted the crypto Travel Rule, mandating that virtual asset businesses verify the ownership of self-hosted wallets to enhance anti-money laundering measures. The regulation aligns with FATF standards, requiring transaction information sharing for transfers over a certain threshold.
TREE NEWS update: Thailand has adopted a crypto Travel Rule requiring digital asset operators to verify control of self-custodial wallets and retain transaction data for five years. The measure aligns with FATF standards to combat money laundering and terrorism financing.
TREE NEWS update: The SEC has proposed the first major overhaul of transfer agent rules in four decades, explicitly citing tokenization as a driver. New Form TA-2 questions would require agents to report how many share registers they maintain on distributed ledgers. The proposal aims to modernize regulations for digital asset record-keeping.
TREE NEWS update: The crypto industry is pressing the U.S. SEC to refrain from imposing blanket restrictions on innovative ETF products. They argue that a flexible, case-by-case approach is necessary to foster innovation while ensuring investor protection.
TREE NEWS update: The SEC proposed its first major overhaul of transfer agent rules since the 1980s, allowing blockchains to serve as the official record of share ownership. The proposal rescinds one rule, adds two new ones, and imposes risk-management and cybersecurity duties on firms that keep ownership records.
TREE NEWS update: The G20, in a chair’s statement from the Asheville meeting, endorsed digital assets as a growth tool and committed to “clear pathways” for innovation. However, the group deferred binding cross-border stablecoin regulation to the Financial Stability Board (FSB), signaling a cautious approach to global crypto oversight.
TREE NEWS update: Grayscale, a16z, and the Crypto Council for Innovation have urged the SEC to preserve existing classification rules and avoid treating novel exchange-traded products as a single category. They propose different routes to clearer and faster reviews, seeking to prevent blanket restrictions on new ETF types.
TREE NEWS update: Prediction market Kalshi suspended North Carolina candidate Bakert after he bet on his own victory. The move raises questions about market integrity and self-dealing in political prediction markets.
TREE NEWS update: Kalshi suspended North Carolina Republican Laurie Buckhout for three years after she bought less than $1,000 of contracts on her own congressional race. The prediction market platform said the trades violated its rules against self-dealing. Buckhout’s campaign did not immediately comment.
TREE NEWS update: Two Thai businessmen have filed a lawsuit against Tether, the issuer of USDT, over the freezing of $42.4 million in USDT. The plaintiffs allege that the freeze was unjustified and has caused them financial harm. This legal action highlights ongoing concerns about the power of stablecoin issuers to freeze assets.
TREE NEWS update: Prospect Markets has signed an agreement with Crypto.com to launch a prediction market in the United States. The partnership aims to offer event-based trading products to US users, leveraging Crypto.com’s platform.
TREE NEWS reports: G20 finance ministers and central bank governors have committed to establishing clear regulatory pathways to foster digital asset innovation. The pledge aims to balance innovation with financial stability and investor protection, signaling a coordinated global approach to crypto regulation.
TREE NEWS update: G20 finance leaders committed to establishing ‘clear pathways’ for digital assets innovation, acknowledging that digital assets can support economic growth and private sector innovation. The statement, issued after their meeting, signals a coordinated push toward regulatory clarity for the sector.
TREE NEWS update: BitcoinIRA has introduced Freedom Accounts, a new taxable cryptocurrency account option for investors. The offering aims to provide more flexibility beyond traditional retirement accounts, allowing users to trade digital assets without the restrictions of tax-advantaged IRAs.
TREE NEWS update: Singapore’s central bank, MAS, has proposed that stablecoin issuers must maintain 100% reserves and are prohibited from offering yield to holders. The measure aims to ensure stability and consumer protection in the digital asset space.
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