Senate Panel Reprioritizes, Slowing Crypto Bill Advance
Crypto market structure legislation in the US Senate could be slowed by several weeks.

Crypto market structure legislation in the US Senate could be slowed by several weeks.
Asset manager Grayscale has submitted an application to the US Securities and Exchange Commission to convert its NEAR Protocol Trust into an exchange-traded fund.
The New York Stock Exchange is bridging traditional finance and digital asset technology with a new platform for tokenized securities.
Posing as payments for cosmetic surgery and tuition, an alleged international laundering network processed roughly $102 million through cryptocurrency and South Korean banks before being busted by customs investigators.
A substantial $1.42 billion poured into US spot Bitcoin ETFs last week, delivering the best weekly inflow figure since October.
Progress on a landmark cryptocurrency regulation bill hit a pause as the United States Senate Banking Committee delayed its discussion.
US senators have put forward new draft legislation intended to define federal oversight of the cryptocurrency sector.
In a draft market structure bill, US senators have proposed a clear prohibition on stablecoin rewards for idle holdings.
Standard Chartered is exploring the development of a cryptocurrency prime brokerage platform
A new rule limiting corporate cryptocurrency holdings to 5% of equity capital is under consideration in South Korea.
Colombia’s National Directorate of Taxes and Customs (DIAN) has introduced a new mandatory reporting requirement for local crypto service providers, aimed at increasing transparency and combating tax evasion in the digital asset space.
The Trump family’s crypto platform, World Liberty Financial, has applied to operate as a national trust bank.
The new year’s rally for spot Bitcoin ETFs in the US faced a setback on Tuesday.
Clear US rules for cryptocurrencies like Bitcoin and Ethereum appear increasingly delayed, as a leading market structure bill may not pass until 2027 and could take effect in 2029, TD Cowen reports.
PwC, one of the prominent Big Four accounting firms, is launching a significant expansion of its cryptocurrency business, ending its former hands-off approach.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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