The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) announced a collaboration focusing on wholesale central bank digital currencies (CBDCs) and the tokenization of financial assets. According to the press release, the partnership marks a significant milestone in promoting financial innovation and enhancing interoperability in digital currencies. The HKMA’s participation in the […]
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The US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28. Crypto brokers, including exchanges, will need to report gross proceeds for crypto sales starting from 2026. This will include crypto sales during 2025. Furthermore, brokers will need to report information about the tax basis of […]
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Asset manager 21Shares has filed for a spot Solana exchange-traded fund (ETF), marking the second such application from a major firm this week. The proposed 21Shares Core Solana ETF is designed to track the performance of Solana (SOL) by aggregating the notional value of SOL trading activity across major spot exchanges, according to the S-1 […]
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Economist Timothy Peterson said the US Supreme Court’s decision to overturn Chevron will prevent the SEC from acting as an “automatic subject matter expert” on crypto on June 28. Chevron doctrine originated in a 1984 case titled Chevron v. Natural Resources Defense Council, which created a test to determine when US federal courts must defer […]
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The SEC has filed a new lawsuit against Consensys for alleged violations of federal securities laws. The complaint centers on Consensys’s MetaMask wallet services, specifically the Swaps and Staking features, which the SEC claims have been operating as unregistered broker services since October 2020 and January 2023, respectively. The lawsuit follows a Wells Notice from […]
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Curve Finance has implemented a fee switch for its crvUSD stablecoin to enhance adoption and ecosystem engagement, according to a statement released on June 28. Launched in 2023 by the DeFi protocol, crvUSD has faced adoption challenges. However, Curve noted that crvUSD has become an outstanding fee generator, outperforming all other Curve DEX pools by […]
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