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The U.S. House Financial Services Committee has advanced a bill aimed at establishing a regulatory framework for stablecoins, marking a significant step toward clearer oversight of the rapidly growing sector. The legislation, which has been under discussion for months, seeks to provide guidelines on the issuance, reserves, and compliance requirements for stablecoin issuers operating in the United States. Key Provisions …

A consortium linked to the Hedera blockchain and the founder of OnlyFans has reportedly entered the bidding war for TikTok’s U.S. operations, adding an unexpected twist to the high-stakes acquisition race. The late entry introduces new potential buyers into a contest that already includes major tech and investment firms vying for control of the popular social media platform. Who’s Behind …

The U.S. Commodity Futures Trading Commission (CFTC) has withdrawn two staff advisories related to cryptocurrency, citing the increasing maturity of the digital asset market. The move signals a shift in regulatory oversight as crypto markets evolve and integrate more closely with traditional financial systems. Why the CFTC Made This Decision The advisories, originally issued to provide guidance on key aspects …

In a groundbreaking investigation, South Korean prosecutors have revealed a sophisticated scheme to manipulate the price of the Fusionist (ACE) cryptocurrency token. The case highlights the growing concerns over market manipulation in the rapidly evolving world of digital assets and underscores the challenges faced by regulators in maintaining fair and transparent markets. The investigation, led by South Korea’s Financial Crimes …

Galaxy Digital’s UK subsidiary has secured approval from the UK’s Financial Conduct Authority (FCA), paving the way for an expansion into crypto derivatives trading. The move marks a significant step for the firm’s European operations as it looks to capitalize on growing institutional demand for regulated digital asset products. What the FCA License Means The FCA registration allows Galaxy Digital’s …