South Korean investors are pushing back against the country’s upcoming digital asset tax. A petition seeking a two-year delay has crossed 50,000 signatures, triggering a legislative review.
The petition is expected to be referred to the National Assembly’s Strategy and Finance Committee for consideration. Lawmakers will now have to formally examine the request before deciding whether any further delay should be pursued.
The UK is considering a separate regulatory path for tokenized gold.
The FCA is working with the Treasury and Bank of England on potential exemptions from existing fund rules.
No final decision has been made. The FCA is examining whether clearer rules could make tokenized gold easier to issue, trade and use as collateral while providing greater certainty over which investors can access these products.
Brazil’s crypto market could shrink dramatically under its new licensing regime. Providers now face capital requirements of up to $7.2 million, with around 10 firms ultimately expected to secure licenses.
Firms must submit their applications by October 30, while those that do not apply will have 30 days to wind down their operations. Around 290 platforms could ultimately leave the Brazilian market.
A U.S. Strategic Bitcoin Reserve bill is heading to committee markup.
The House Financial Services Committee will consider H.R. 8957 on September 16 as lawmakers decide whether to advance the legislation.
The bill explicitly prevents its Bitcoin acquisition study from authorizing new borrowing, taxes or deficit spending. It also allows proceeds from non-Bitcoin assets in the government’s Digital Asset Stockpile to be used to increase Bitcoin holdings or reduce the national debt.
Anchorage Digital is expanding institutional access to onchain stablecoin strategies. Its partnership with Frgmnt brings fUSD and yield-bearing sfUSD directly into Anchorage’s custody platform.
Anchorage Digital Bank is a federally chartered U.S. digital asset bank supervised by the OCC, giving institutions access to Frgmnt’s stablecoin products within an established regulated custody environment.
Senate Republicans have released a new CLARITY Act draft with revised ethics restrictions agreed to by President Trump.
They have released a revised 635-page draft that incorporates key White House-backed ethics provisions.
Key changes in the revised CLARITY Act:
- Ethics: Divest substantial crypto interests or place them in a blind trust. - Stablecoin yield: A “circuit breaker” could address deposit flight from community banks. - BRCA: Protections narrowed to civil enforcement under the Bank Secrecy Act. - Ag: Tighter rules on affiliate trading, vertical integration and conflicts of interest.
The focus shifts to whether Republicans can secure the 60 votes needed to advance it.
Polymarket just brought in a major name from corporate finance.
Former Amazon CFO Warren Jenson is joining the prediction market as its first-ever CFO.
Jenson brings more than three decades of experience, including finance leadership roles at Amazon, Electronic Arts, Delta Air Lines, and Nielsen, as well as board positions at Dropbox and Ripple.
The U.S. Senate is getting closer to a major crypto regulatory vote.
Republicans have released a revised Clarity Act with new provisions for non-decentralized finance protocols ahead of the September 15 vote.
Sen. Cynthia Lummis said the bill now represents a strong bipartisan product, but disagreements over stablecoin rewards, illicit finance and conflicts involving President Trump’s crypto interests could still complicate its path to becoming law.
India is testing blockchain as infrastructure for its traditional capital markets.
The RBI and SEBI have launched “Demat 2.0,” a pilot combining tokenized corporate bonds, blockchain and the wholesale digital rupee to enable faster settlement.
Pump.fun just opened up a new way to launch tokens.
Custom Pairs lets creators’ pair new tokens with tokenized stocks, major cryptocurrencies and metals on Solana.
Creators can now choose their quote asset at launch and set either a Creator Fee or Cashback. Creator Fees can range from 0.05% to 1% and be split across up to 10 addresses.