Regulatory Hurdles Prompt Bybit’s Japan Withdrawal
Bybit has decided to discontinue its services for users based in Japan, with a phased commencement set for 2026.
Cross-party House Lawmakers Release Crypto Tax Plan
A Republican and Democratic representative have jointly released a proposed tax framework for cryptocurrencies that would exempt certain stablecoin transactions from taxation and provide clarity on the tax treatment of staking rewards.
Bitwise Submits Application for Sui Blockchain ETF
Crypto investment firm Bitwise is the latest to apply for a SUI exchange-traded fund.
Federal Reserve Revokes Restrictive Guidance on Bank Crypto Activities
The US Federal Reserve has withdrawn a policy statement from 2023 that had effectively prohibited the banks it supervises from engaging with cryptocurrency.
Spot Margin Trading Goes Live on OKX for European Users
OKX has activated spot margin trading for its European clientele, a service that supports leveraged trading with a multiplier of up to 10 times on certain crypto assets.
FDIC Charts Course for Financial Institutions to Issue Stablecoins
In a continued rollout of the GENIUS Act, the FDIC has proposed a formal application rule for payment stablecoin issuance.
FCA Data Indicates Shift in UK Crypto Investment Trends
Crypto asset ownership in the UK has fallen to 8% of adults, down from 12% in 2024, based on a YouGov survey for the Financial Conduct Authority.
