https://xiyu.news/feeds/policy-en.xml 2026-09-30T00:00:00Z https://xiyu.news/editions/2026-09-30/#rss:www.whitehouse.gov_presidential-actions_feed_:0aa2c573d41903bd 2026-09-30T00:00:00Z

The White House published a presidential executive order titled "Inaugurating The Era Of Super Intelligence" on its Presidential Actions page, dated September 2026. The text released so far contains Section 1 (Purpose), which states that America "stands at the forefront of a new technological revolution in intelligence" and notes that the modern field of artificial intelligence was born in the United States. As an executive order signed by the President under constitutional and statutory authority, it sets federal policy direction directly without requiring congressional approval. Framing AI development as a "superintelligence" era places frontier AI at the center of the instrument's stated purpose. Only Section 1 (Purpose), preceded by the standard vesting clause, is included in the released text; the operative sections that would set out specific obligations and agency responsibilities are not part of the published excerpt.

https://xiyu.news/editions/2026-09-29/#rss:www.theblock.co_rss.xml:f58ba0d2d63e6155 2026-09-29T00:00:00Z

Democrats on the Senate Homeland Security and Governmental Affairs Committee's permanent subcommittee published a report Monday alleging that Tether's USDT has become a key tool for the Iranian government to bypass sanctions and that the stablecoin is a "significant financial lifeline" within Iran's shadow banking network. The report said the Iranian government made an estimated $2 billion in transactions last year, while Tether said in a blog post the same day that it had "supported nearly $550 million in Iran-linked" freezes. The report intensifies congressional scrutiny of the largest stablecoin's role in sanctions evasion. Tether said in response that it remains "in regular and direct coordination with authorities in the United States and around the world" so that illicit funds can be identified and frozen. The report alleged that Tether "repeatedly failed" to block Iran-connected wallets, that freezes sometimes took weeks when they did occur, and that the company sometimes responded to requests without actually blacklisting wallets; it added that before 2024 Tether did not comprehensively and consistently freeze wallets designated by counter-terrorism agencies. The report did not provide an overall total for alleged Iranian government USDT transactions, citing only the estimated $2 billion in transactions last year. Tether listed recent freeze actions it said it took at the behest of U.S. authorities, and CEO Paolo Ardoino said the company remains in direct coordination with authorities.

https://xiyu.news/editions/2026-09-28/#google_news:article:a1648d799958faa3 2026-09-28T00:00:00Z

New York Attorney General Letitia James and Governor Kathy Hochul have sued Polymarket US, alleging the crypto prediction market has been running an illegal, unlicensed gambling operation in the state. Polymarket says its markets are federally regulated CFTC event contracts, pointing to its acquisition of a CFTC-licensed firm and more than 350 employees. The case raises regulatory risk for crypto prediction markets and could hurt adoption, fundraising, token and market liquidity, according to CryptoRank. It also sharpens the jurisdictional dispute over whether event contracts fall under federal derivatives rules or state gambling law. Polymarket recently introduced perpetual trading with up to 20x leverage. New York had already sued Polymarket's competitor Kalshi in July on similar grounds, after filing suits against Coinbase and Gemini in April over operating prediction market platforms without state gambling licenses.

https://xiyu.news/editions/2026-09-28/#google_news:article:da92f5a3173fc314 2026-09-28T00:00:00Z

Bitwise's NEAR exchange-traded fund has cleared NYSE Arca listing requirements and SEC regulatory hurdles, according to TradingView, with the launch described as imminent. The filing had previously been tracked as a pending crypto fund targeting NEAR Protocol. The clearance opens the way for US investors to gain exchange-traded exposure to NEAR, an asset that previously had no spot ETF listed in the United States. It follows the pattern of earlier spot altcoin ETF approvals moving through NYSE Arca and the SEC. Bitwise already offers a NEAR staking exchange-traded product in Europe, the Bitwise NEAR Staking ETP (DE000A4A5GV2), which was launched on 26 June 2025, is domiciled in Germany and had roughly €35 million in assets under management. NYSE Arca is an all-electronic exchange owned by NYSE Group, a subsidiary of Intercontinental Exchange, and accounts for the largest share of US ETP trading volume.

https://xiyu.news/editions/2026-09-27/#google_news:article:f8c6e42e2acacf81 2026-09-27T00:00:00Z

According to CoinMarketCap, the CFTC has cleared Bitcoin perpetual futures for US markets, opening regulated domestic access to a crypto derivatives product that had until now traded almost exclusively offshore. Perpetual futures are the dominant crypto derivatives product globally but have been effectively unavailable on US-supervised venues, so clearing them expands the product scope and market access available to US-regulated trading venues. The source item is a headline only and does not specify leverage limits, which venues are eligible, or an effective date for the product.

https://xiyu.news/editions/2026-09-27/#rss:cryptoslate.com_feed_:f8939679c1cd0157 2026-09-27T00:00:00Z

The Sixth Circuit ruled on Sept. 25 that Ohio and Tennessee may apply their gambling laws to Kalshi's sports event contracts, affirming an Ohio ruling against the exchange and vacating the preliminary injunction that had shielded it from enforcement in Tennessee. The unanimous panel rejected Kalshi's federal-preemption defense and pointed to geofencing as a workable way to comply with both federal exchange rules and state gambling laws, sending both cases back to the lower courts. The decision puts at risk the roughly 69% of Kalshi's retail sports demand that Eilers & Krejcik Gaming models as coming from states without legal online sportsbooks. It also supplies states in the circuit with two separate legal paths, since the panel held that even if the contracts were swaps, federal commodities law would leave Ohio and Tennessee gambling statutes in force. The panel held that Kalshi failed to show its sports contracts meet the Commodity Exchange Act's definition of a swap, the premise behind its claim to exclusive CFTC oversight. The ruling is at the preliminary-injunction stage and now governs federal courts across Ohio, Tennessee, Michigan and Kentucky; in Michigan, a Sept. 1 state-court injunction already requires Kalshi to block covered sports contracts for users located in the state, with penalties of up to $500,000 a day.

https://xiyu.news/editions/2026-09-26/#rss:thedefiant.io_api_feed:58078f54a561bb20 2026-09-26T00:00:00Z

SEC staff in the Division of Corporation Finance published new FAQs clarifying that qualifying liquid staking receipt tokens fall outside federal securities laws, and reaffirmed earlier guidance on token buybacks tied to maintenance and development funding. The staff guidance states that buybacks on functional protocols generally do not involve "essential managerial efforts" and that qualifying liquid staking tokens can be treated as digital commodities or digital tools rather than securities. The FAQs address two structures that market participants have treated as securities-law risk — liquid staking receipt tokens and protocol-funded token buybacks — giving staking service providers and token issuers additional criteria for assessing classification. The guidance is staff-level FAQ rather than a formal rule. It builds on the SEC's earlier crypto asset FAQs and its March interpretive release, and follows a parallel CFTC update addressing tokenized investments and onchain records.

https://xiyu.news/editions/2026-09-26/#rss:www.cftc.gov_RSS_RSSENF_rssenf.xml:0b0f0295d35b75cd 2026-09-26T00:00:00Z

The U.S. Commodity Futures Trading Commission has charged Cash FX Group S.A., its CEO and three other individuals over an alleged $950 million fraudulent investment scheme that solicited funds for purported forex and crypto trading. The CFTC is the U.S. regulator of derivatives markets and brings civil fraud actions under the Commodity Exchange Act against fraudulent conduct in futures, swaps and other derivatives. Cash FX Group has previously been described as presenting itself as a Panama-based forex trading and education platform.

https://xiyu.news/editions/2026-09-25/#rss:bitcoinmagazine.com_.rss_full_:88d51009b90a349d 2026-09-25T00:00:00Z

New York Attorney General Letitia James and Governor Kathy Hochul announced a lawsuit Wednesday against QCX LLC, which does business as Polymarket US, alleging the platform runs an illegal, unlicensed gambling operation in the state. The state is asking a court to bar Polymarket from operating in New York, force forfeiture of its gains, order restitution to users, and impose fines equal to three times what it earned through the alleged conduct. The suit marks a state-level enforcement action against a leading prediction market that, if granted, would cut the platform off from New York users. James said Polymarket was "targeting the most vulnerable and depriving New York families of critical services and support," while Hochul said the company had "put New Yorkers at risk, especially those underage who are most vulnerable to problem gaming." The complaint alleges Polymarket's markets meet New York's legal definition of gambling because users bet money on uncertain outcomes outside their control, and the attorney general's office said its investigation found the platform exposes New Yorkers, including those under the legal gambling age of 21, to financial and personal risk. Officials argued the company sidestepped the licensing requirements and taxes paid by regulated casinos and mobile sportsbooks. Polymarket launched in the U.S. in December 2025.

https://xiyu.news/editions/2026-09-25/#rss:decrypt.co_feed:7bdfae887a72f061 2026-09-25T00:00:00Z

The Federal Reserve on Thursday opened two proposals for public comment requiring Board-supervised payment stablecoin issuers to fully back their tokens with permissible assets such as short-term Treasury bills, and to meet standardized capital requirements, risk-management standards and rules for safekeeping reserves. A second proposal would create a tailored application process for Board-supervised banks seeking to issue payment stablecoins, with the comment period closing 60 days after publication in the Federal Register. The proposals add the Fed's component to the multi-agency rollout of the GENIUS Act, alongside the Office of the Comptroller of the Currency's push to finalize its own stablecoin rules by November and the Treasury Department's proposal to bar platforms from selling noncompliant stablecoins to U.S. customers. The bank-application proposal requires a business plan and financial information and sets procedures for appeals, hearings and final decisions. Fed Governor Michael Barr said he supported the proposal but wanted to see more done on bank anti-money laundering; both measures remain proposals open for comment rather than final rules.

https://xiyu.news/editions/2026-09-24/#gdelt:article:20260923T083000Z::https://www.euronews.com/2026/09/22/ecb-calls-for-tougher-eu-crypto-rules-and-wider-ban-on-stablecoin-interest 2026-09-24T00:00:00Z

The European Central Bank, together with the EU's national central banks, called on EU legislators to toughen the bloc's crypto rulebook and to broaden the existing prohibition on offering interest or rewards on stablecoin holdings, in a push reported on 22 September 2026. The expanded ban would also cover indirect yields channelled through crypto lending, borrowing and staking. The ECB frames the request around financial-stability and monetary-policy risks, making stablecoin yield products the focal point of the EU's next round of crypto policy debate. Because it targets the MiCA framework rather than a single firm, any change would apply across EU-regulated crypto-asset service providers. The ECB's position is an advocacy and consultative stance directed at EU lawmakers, not a binding decision, and any tightening would require amending the Markets in Crypto-Assets (MiCA) rules. Reports also indicate the ECB has backed giving the European Securities and Markets Authority (ESMA) a larger role in EU crypto oversight, alongside calls for changes to how stablecoin reserves are regulated.

https://xiyu.news/editions/2026-09-23/#rss:www.sec.gov_news_pressreleases.rss:5873b3bc0f0b8d2f 2026-09-23T00:00:00Z

The Securities and Exchange Commission today censured New York-based broker dealer OTC Link LLC and ordered it to pay a $575,000 civil penalty for longstanding violations of Regulation Systems Compliance and Integrity (SCI).

https://xiyu.news/editions/2026-09-23/#rss:cointelegraph.com_rss:48f6c2dad8ab9b7d 2026-09-23T00:00:00Z

The European System of Central Banks (ESCB) — the ECB and EU national central banks — called for removing MiCA's requirement that at least 30% of stablecoin reserves, or 60% for significant stablecoins, be held as bank deposits. The proposal came in the ESCB's response, published Tuesday, to the European Commission's review of the Markets in Crypto-Assets Regulation, and instead backs minimum liquidity thresholds for reserve assets maturing within one and five working days. The ESCB argued that the existing rule “creates a direct link between issuers and credit institutions,” and that a stablecoin run could force an issuer to rapidly withdraw deposits and create liquidity problems for a bank, particularly if stablecoin reserves are a significant share of its funding. The proposal echoes concerns raised by parts of the stablecoin industry, including Tether CEO Paolo Ardoino, who said Tether refused an EU license over the same clause. Instead of bank deposits, the ESCB pointed to overnight reverse repurchase agreements (repos) and short-term sovereign bonds as alternative instruments issuers could use, citing European Banking Authority draft rules from 2024 that require significant stablecoins to hold at least 40% of reserves in assets maturing within one working day and 60% within five working days, with thresholds of 20% and 30% for non-significant tokens. The ESCB also warned of “material challenges” in enforcing MiCA, saying non-compliant crypto companies can still access EU customers.

https://xiyu.news/editions/2026-09-22/#rss:thedefiant.io_api_feed:9b8bb3144ee3b092 2026-09-22T00:00:00Z

The proposed bank could custody and manage fiat, securities and digital assets, but Catena must meet capital, liquidity and preopening requirements before it can operate.

https://xiyu.news/editions/2026-09-21/#rss:decrypt.co_feed:7cf95e600f4b5e80 2026-09-21T00:00:00Z

According to Crypto In America, JP Morgan has scored a narrower victory in a separate fight over credit card rewards on crypto purchases; according to a source familiar with the matter, Visa is moving to close an apparent loophole in Crossmint-powered checkouts that allowed meme coin purchases made with credit cards to be processed under a merchant code intended for digital media. Earlier, Chase told The Block that one Visa transaction was misclassified and should not have earned rewards, and the New York attorney general's office also told The Block it was aware of and reviewing the matter; meme coin purchases will continue but must be processed as crypto transactions under Visa's rules, and processors have a grace period expected to end next week.

https://xiyu.news/editions/2026-09-21/#rss:www.coindesk.com_arc_outboundfeeds_rss_:edff8b1133e3ced7 2026-09-21T00:00:00Z

Goldman Sachs and Citizens analysts said the SEC's five-year innovation exemption could benefit Coinbase, Robinhood and Circle by allowing qualifying tokenized U.S. stocks to trade through automated market makers on public blockchains. They noted Robinhood must add shareholder rights and other features to make its stock tokens compliant, while trading caps, issuer opt-outs and technical limits are expected to protect traditional exchanges from significant competition.

https://xiyu.news/editions/2026-09-20/#rss:decrypt.co_feed:c65c69d9fcf36d2d 2026-09-20T00:00:00Z

On Tuesday the Senate failed to advance the Clarity Act in a 49-50 procedural vote, far short of the 60 votes needed, with Democrats voting as a bloc and Republican Sens. Susan Collins, Josh Hawley and Jerry Moran joining them. Within days, SEC Chair Paul Atkins explicitly tied a new tokenized-stock "Innovation Exemption" to the bill's failure, while the CFTC expanded no-action relief for "passive software" providers and sent a broader crypto rulemaking package to the White House for review. The vote shifts the center of gravity for US crypto policy from Congress to the federal agencies, meaning the rules of the road for market structure, tokenized securities and DeFi interfaces may now be written through exemptions, no-action letters and guidance rather than legislation. That affects exchanges, brokers, wallet providers and tokenized-equity venues directly, and it leaves the resulting framework more vulnerable to reversal by a future administration than a statute would be. Sen. Thom Tillis initially voted yes before switching to no, a procedural maneuver that preserved the option of bringing the bill back later, and seven negotiating Democrats — Alsobrooks, Gillibrand, Warner, Booker, Cortez Masto, Gallego and Warnock — called the outcome "a setback, but not the end." The SEC's exemption gives Tokenized Securities Venues temporary relief from being treated as an "exchange" under the Exchange Act, while CFTC Staff Letter 26-25 expands earlier Letter 26-09 relief so passive software developers, including some wallet interfaces, generally avoid introducing-broker registration under Section 4d(g), Section 4k(1) and Regulation 3.12(a) when connecting users to regulated derivatives markets.

https://xiyu.news/editions/2026-09-20/#rss:cointelegraph.com_rss:cac4f2f63c583097 2026-09-20T00:00:00Z

Stablecoin infrastructure provider Bastion said the Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for a national trust bank charter for its proposed Bastion Platforms National Trust Company. The new charter adds OCC federal supervision on top of the state licenses Bastion already holds, including a New York trust charter acquired in February 2025, and the entity will offer stablecoin custody and wallets, payment infrastructure and white-label issuance from a single federally regulated institution. This is a significant regulatory milestone for stablecoin infrastructure because it lets one federally supervised entity bundle custody, wallets, payments and white-label issuance instead of stitching together state-by-state licenses. It follows final approvals for Circle and BitGo and a conditional approval for Ripple, showing that the national trust bank charter has become the crypto industry's main route into the US banking system. The approval is preliminary and conditional, and the proposed trust bank cannot accept deposits or make loans, so it is not a conventional commercial bank and carries limited near-term systemic weight. OCC rules require such charters to begin operations within a fixed window, and Paxos's earlier conditional approval lapsed in March 2023 after it missed the 18-month operational deadline, making execution timing a key variable.

https://xiyu.news/editions/2026-09-19/#rss:www.coindesk.com_arc_outboundfeeds_rss_:54b2214b66f8bb65 2026-09-19T00:00:00Z

The Wall Street Journal reported that European Central Bank President Christine Lagarde personally intervened to block Binance's Markets in Crypto-Assets (MiCA) license application, pressuring regulators to halt a bid that had already been deemed complete. According to the report, the intervention led Greece — where Binance had filed its application — to stall the process rather than approve it. Binance is the largest crypto exchange by volume, and MiCA licensing is the gateway to serving all 27 EU member states under a single passport, so blocking the bid effectively removes the company from the bloc's regulated market. The episode also raises questions about whether an institution with no formal licensing authority under MiCA can shape national regulators' decisions, which matters for every exchange still awaiting approval. The ECB holds no formal licensing authority under MiCA, which assigns approval and supervision of crypto-asset service providers to national competent authorities such as Greece's capital markets regulator, meaning the reported intervention was informal and political rather than a formal regulatory decision. Binance subsequently withdrew its Greek application and said it would seek authorization through a different, as-yet-unnamed EU member state while restricting services for some EU clients.

https://xiyu.news/editions/2026-09-19/#rss:decrypt.co_feed:d4674779d0bf6372 2026-09-19T00:00:00Z

The SEC approved an "Innovation Exemption" allowing qualifying venues, called Tokenized Securities Venues (TSVs), to trade tokenized US stocks on public blockchains without registering as national exchanges; the relief took effect immediately and runs for five years. The same day, the CFTC issued a no-action letter letting passive software providers connect users to regulated derivatives without registering as introducing brokers, extending relief first granted to Phantom in March, and altcoins rallied 10% to 20%. This is a landmark shift in the US regulatory posture toward tokenized securities: it lands just two days after the Senate blocked the Clarity Act 49 to 50, so the SEC is advancing market-structure reform through its own statutory authority rather than waiting for Congress. It materially changes who can list, pool, and trade tokenized US equities onchain, and hands issuers a formal objection mechanism in the dispute over third-party stock tokens. Two limits stand out: the exemption covers only genuinely tokenized stocks carrying full rights including dividends and voting, which excludes the price-tracking synthetics behind most offshore volume, and an unaffiliated party may tokenize a company's stock while the issuer gets 30 days to object and effectively stop it. There is no application queue — a firm that meets the requirements simply notifies the SEC and starts operating, and firms supplying liquidity get separate relief from dealer registration.

https://xiyu.news/editions/2026-09-18/#google_news:article:7f13fa9c252130b8 2026-09-18T00:00:00Z

On Sept. 17, the SEC issued a five-year "Innovation Exemption" that lets regulated US stocks trade on blockchain-native Tokenized Securities Venues (TSVs), two days after the Senate's CLARITY Act procedural vote failed 49-50, short of the 60 votes needed to advance. SEC Chair Paul Atkins framed the action as the agency moving "within its statutory authority" after the broader market-structure bill stalled. This is the first time the SEC has formally opened a supervised path for tokenized equities to trade on-chain in the US, potentially touching a US equity market the article sizes at roughly $70–77 trillion and pulling offshore tokenized-equity activity onshore. It also shows that with comprehensive crypto legislation stalled, US digital-asset policy is increasingly being set through agency exemptions rather than statute — a channel that industry participants can use but that can be reversed. TSVs must run permissioned automated market makers and liquidity pools with symbol and volume caps, plus requirements for transaction transparency, trading halts, recordkeeping and technology safeguards; venues must publish prices, trade sizes, timestamps, pool addresses and daily volume, and the relief expires after five years. The framework includes issuer vetoes and faces thin off-hours liquidity, which may limit adoption before permanent rules are written.

https://xiyu.news/editions/2026-09-18/#rss:www.theblock.co_rss.xml:78a0209bf8ec3e73 2026-09-18T00:00:00Z

The House Financial Services Committee voted 28-21 on September 16 to advance H.R. 8957, the American Reserve Modernization Act of 2026, which would codify President Trump's Strategic Bitcoin Reserve framework into federal law, establishing permanent U.S. government bitcoin holdings rather than treating them as assets to be auctioned off. The bill now moves further along the legislative process but has not yet been enacted. If enacted, the bill would convert what is currently an executive-branch policy into a statutory mandate, making it far harder for a future administration to liquidate the government's bitcoin holdings. That would establish a durable sovereign-holder precedent and could encourage other governments and U.S. states pursuing similar reserve proposals to follow suit. The reserve is designed to be capitalized with bitcoin the federal government already holds through forfeitures, rather than through open-market purchases, and the search results note the U.S. is estimated to hold roughly 328,372 BTC as of February 2026. A companion structure, the U.S. Digital Asset Stockpile, would hold non-bitcoin seized assets, and coverage of the committee vote notes the bill aligns the reserve with countering-the-financing-of-terrorism protocols.

https://xiyu.news/editions/2026-09-17/#rss:www.coindesk.com_arc_outboundfeeds_rss_:b5a9f9d5e8f3d0a4 2026-09-17T00:00:00Z

The Federal Open Market Committee voted unanimously (12-0) to raise the fed funds target range by 25 basis points to 3.75%-4.00%, the first rate hike since July 2023, with the quarterly dot plot now showing a median projection of 4.1% at the end of 2026 versus 3.8% in June. Chair Kevin Warsh said at his post-meeting press conference that the economy "has indeed strengthened" but that "inflation is the problem." This ends a more than three-year easing/on-hold cycle and signals that the Warsh-led Fed is willing to tighten even amid political pressure from President Donald Trump for lower rates, resetting expectations for the entire 2026 policy path. Higher policy rates raise the cost of borrowing, lift yields on risk-free Treasuries, and typically drain liquidity from speculative assets, so the move re-prices the macro backdrop that crypto and equity markets trade against. The decision was widely anticipated and largely priced in, which explains why bitcoin spiked to roughly $76,500 five minutes after the release and then gave the gains back within half an hour, stabilizing near $75,500-$75,700; the median dot now implies one more hike in 2026, and Warsh declined to comment on Trump's reaction. The FOMC statement cited solid economic activity, resilient domestic spending, elevated inflation and geopolitical uncertainty, and reiterated that the committee "will deliver price stability."

https://xiyu.news/editions/2026-09-17/#rss:cointelegraph.com_rss:a85fd58ae5ca5c42 2026-09-17T00:00:00Z

The UK Financial Conduct Authority published final perimeter guidance clarifying which crypto activities require authorization under its incoming regime, covering issuing qualifying stablecoins, operating crypto trading platforms, dealing and arranging transactions, safeguarding cryptoassets and arranging crypto staking. Applications open on September 30, 2026 and run to a February 28, 2027 deadline, with the full regime taking effect on October 25, 2027. The guidance draws the regulatory perimeter for the UK's crypto market, forcing both domestic and overseas firms that serve UK retail customers to apply for authorization or a variation of permission rather than relying on existing registrations. Because there is no overseas persons exclusion for dealing, arranging or safeguarding, the rules shape which firms can keep serving UK clients and at what compliance cost. Existing registrations and permissions will not automatically convert under the new regime, and firms that miss the February 28, 2027 deadline lose the transitional cover that allows them to keep operating while their application is assessed. The FCA also plans to consult later this year on further changes to its perimeter guidance, alongside separate work on tokenized assets including a consultation on whether some tokenized gold products should be exempt from UK fund rules.

https://xiyu.news/editions/2026-09-16/#rss:cryptoslate.com_feed_:bbcf0e64ea7224c4 2026-09-16T00:00:00Z

The Senate failed to invoke cloture on the motion to proceed to H.R. 3633, the Digital Asset Market Clarity Act (CLARITY Act), falling short of the 60 votes required after a final round of bipartisan negotiations collapsed. Several Democrats who had helped shape the bill — including Sens. Kirsten Gillibrand, Mark Warner, Cory Booker, Raphael Warnock, Ruben Gallego, Angela Alsobrooks and Catherine Cortez Masto — voted against moving forward, leaving the measure off the Senate floor. The CLARITY Act is the most consequential US crypto market-structure proposal, and its failure to reach the floor blocks the clearest legislative path to a statutory framework for digital assets. The stall forces sponsors to decide whether to reopen provisions they had already presented as a final compromise, extending the uncertainty over which US regulator governs most crypto assets. Republicans released a 635-page final text over the weekend that they said incorporated 126 substantive changes Democrats had sought, and President Donald Trump agreed to tougher restrictions on crypto-related financial interests held by senior officials — yet the concessions were insufficient. Sen. Elissa Slotkin said the ethics provisions were "simply too thin," while also questioning whether the CFTC has adequate staffing and oversight capacity and flagging money-laundering and terrorist-financing concerns; Sen. Bernie Sanders cited roughly $300 million of crypto-industry midterm spending and more than $1.4 billion in crypto-related proceeds to Trump and his family.

https://xiyu.news/editions/2026-09-16/#google_news:article:5840bc9cd66219c5 2026-09-16T00:00:00Z

U.S. authorities have alleged that Binance, the world's largest cryptocurrency exchange, was used to launder money connected to illegal oil transactions, according to a report by Investment Executive. The allegation adds a new front to the exchange's existing legal and regulatory exposure in the United States. Because Binance sits at the center of global crypto liquidity, a U.S. allegation tying its rails to illicit oil money raises the prospect of tighter compliance requirements, additional penalties, and closer scrutiny of the exchange's banking and payment partners. It also reinforces the narrative that major centralized exchanges remain a key chokepoint that regulators use to police sanctions and money-laundering risks across the crypto market. The claim concerns laundering of proceeds linked to illegal oil activity, a category that U.S. enforcers — including FinCEN — have tied to crude-oil smuggling networks and related sanctions evasion. It follows Binance's earlier guilty plea to anti-money-laundering, unlicensed money-transmitting, and sanctions violations in a resolution that totaled roughly $4.3 billion and included the departure of its founder.

https://xiyu.news/editions/2026-09-15/#rss:cryptoslate.com_feed_:4a6bb87028437811 2026-09-15T00:00:00Z

Senate Republicans released a final CLARITY Act draft on Monday that folds in 126 substantive changes Democrats requested over more than a year of negotiations, covering ethics rules, stablecoin risks, developer protections, market conflicts, consumer safeguards and AML rules. The revised text faces a 60-vote cloture test on the motion to proceed to H.R. 3633 on Tuesday at 2:15 p.m.; if cloture is invoked, Republicans plan to offer it as a substitute amendment and move the bill into formal Senate consideration. This is the furthest a comprehensive US crypto market-structure bill has advanced, and it would define which digital assets fall under securities versus commodities rules, split oversight between the SEC and CFTC, and set federal standards for stablecoins and intermediaries. Exchange operators, stablecoin issuers, brokers and their banking partners would all see their compliance perimeter reshaped if the bill keeps moving after Tuesday's procedural test. The final round narrows to four unresolved disputes: ethics rules requiring covered federal officials to divest crypto interests or place them in a qualified blind trust, with civil penalties of 20% of the consideration received or $500,000 (whichever is greater), effective 360 days after enactment or 60 days after the final implementing rule; a stablecoin 'circuit breaker' directing Treasury to restrict rewards paid to payment stablecoin holders if the Treasury secretary determines in writing that substantial deposit flight from community banks is occurring, with that authority expiring 18 months after enactment; a narrowed developer shield that keeps BSA money-transmitter protections for software developers but drops references to 18 U.S.C. 1960 while newly covering miners and validators; and tighter rules for digital commodity intermediaries.

https://xiyu.news/editions/2026-09-15/#rss:decrypt.co_feed:24f2cabbde3de4c4 2026-09-15T00:00:00Z

India's securities regulator SEBI and the Reserve Bank of India unveiled "Demat 2.0," a pilot that issues corporate bonds as native digital tokens on a private, permissioned ledger run by depositories NSDL and CDSL. Three issuers have already used it — REC raised ₹500 crore on Sept. 7 (billed as India's first tokenized corporate bond), Larsen & Toubro raised ₹500 crore and IIFL Finance raised ₹25 crore, for a combined ₹1,025 crore (roughly $107 million). This is a landmark institutional milestone for tokenized real-world assets: a sovereign securities regulator and central bank are running live issuance into a $620 billion corporate bond market, rather than experimenting in a sandbox. If extended to secondary trading and retail access as planned, the framework could become a template for other jurisdictions wiring regulated securities onto distributed ledgers settled in central bank money. The token ledger is linked to the RBI's wholesale digital rupee (e₹-W) through a Unified Market Interface, enabling atomic delivery-versus-payment in which the bond and cash either both settle or neither does — potentially freeing proceeds to issuers on the bidding day rather than days later, with smart contracts automating coupon payments and redemptions. SEBI stresses the bonds keep their legal terms, credit ratings, debenture trustees, listing rules and investor protections, and that investors can hold tokens in existing Demat accounts without fresh KYC; depositories retain ownership records and manage investors' bond-token private keys, and secondary trading plus retail access are slated for later stages.

https://xiyu.news/editions/2026-09-14/#rss:www.coindesk.com_arc_outboundfeeds_rss_:98fda9b7a2a16b94 2026-09-14T00:00:00Z

The Clarity Act, the U.S. market-structure bill for digital assets, remains unresolved as the Senate returns from its August recess, with the measure absent from the floor schedule and no confirmed vote. Reporting on the bill's status describes it as sitting in a life-or-death limbo that could be resolved either way within a compressed September window. The bill would establish a statutory framework for regulating most of the digital assets industry, drawing the boundary between SEC and CFTC oversight and setting classification and trading standards. Its survival or failure therefore directly shapes market access and compliance costs for U.S. exchanges, token issuers, custodians and investors. The Senate returns on September 14 with roughly 14 working days to advance the Digital Asset Market Clarity Act before midterm campaigning closes the legislative calendar, though cloture filings can resurrect a bill with little warning. The measure already drew opposition from House Democrats, who convened a "minority day" hearing to air concerns about the framework.

https://xiyu.news/editions/2026-09-13/#rss:decrypt.co_feed:714b12918600a491 2026-09-13T00:00:00Z

BitMEX co-founder Ben Delo donated £36 million to Nigel Farage's Reform UK on Friday — the largest single donation in British political history — and Thailand-based Tether investor Christopher Harborne matched it the following day, bringing the two-day total to £72 million ($97 million). That figure exceeds the roughly £69 million that all UK parties combined received in donations last year. The donations place crypto-industry money at the center of British party politics at a moment when the government is weighing tighter donation rules and the House of Lords is considering a bill that would halt crypto political donations and cap overseas giving at £100,000 a year. It signals that crypto-linked donors are becoming a major force in UK political finance, which could shape the regulatory environment the industry operates in. Neither the latest donations nor the men's earlier gifts were made in crypto, because Britain banned crypto political donations in March 2025. Delo is committing the equivalent of £1 million a month until the latest possible 2029 election date but paying upfront in case the government caps large donations, and he says he will return to the UK from Hong Kong, where he is based; donors must now have 12 months on the electoral register to give more than £100,000 a year.

https://xiyu.news/editions/2026-09-13/#google_news:article:0e6b70c7d69d44f5 2026-09-13T00:00:00Z

Coinbase Chief Policy Officer Faryar Shirzad publicly pushed back on Senator Elizabeth Warren's characterization of the CLARITY Act, saying her framing of the bill's national security implications is 'exactly backward.' The exchange executive argued that the market-structure legislation, rather than weakening national security, would strengthen it. The exchange is a prominent voice in the US crypto market-structure debate, and a direct public clash with a senior senator signals that industry lobbying over the CLARITY Act is intensifying as the bill moves through Congress. How national security is framed in that debate could shape whether the legislation advances, stalls, or gets amended with tougher compliance requirements. The dispute centers on how to interpret the CLARITY Act, which is designed to sort out which US agency — the SEC or the CFTC — regulates which digital assets and intermediaries. Shirzad's argument is that clear, onshore rules and enforceable compliance obligations serve national security better than the current patchwork of enforcement actions and conflicting agency guidance.

https://xiyu.news/editions/2026-09-12/#rss:www.coindesk.com_arc_outboundfeeds_rss_:341d386d19400e8c 2026-09-12T00:00:00Z

India's securities regulator SEBI and the Reserve Bank of India launched the Demat 2.0 pilot, in which three issuers — state lender REC, engineering conglomerate Larsen & Toubro, and non-bank lender IIFL — raised a combined 10.25 billion rupees (about $107 million) in tokenized corporate bonds settled using the RBI's wholesale CBDC. The bonds are issued and held as digital tokens on a distributed ledger owned by India's statutory depositories and connected to the wholesale digital rupee through the RBI's Unified Market Interface. This is one of the first large-scale, state-backed attempts to move a major corporate bond market — roughly $620 billion in size — onto distributed ledger rails while keeping the assets inside existing regulated depository infrastructure. It signals that tokenization and CBDC settlement are moving from concept work into live issuance, giving other regulators and exchanges a concrete template and strengthening the institutional case for blockchain-based market infrastructure. REC raised 5 billion rupees from 18 investors, L&T raised 5 billion rupees from four investors, and IIFL issued 250 million rupees to a single investor; SEBI says atomic settlement lets issuers receive funds on the bidding day instead of two to three days later, with smart contracts automating interest and redemption payments. Investors can hold the tokens in existing Demat accounts without new KYC, but must enable Demat 2.0 with their depository and maintain a wholesale CBDC wallet at a participating bank; SEBI also states tokenization does not change the bonds' legal status, repayment obligations, or investor protections.

https://xiyu.news/editions/2026-09-12/#gdelt:article:20260911T161500Z::https://www.investors.com/research/investing-action-plan/federal-reserve-rate-hike-close-to-clarity-act-vote-salesforce-dreamforce/ 2026-09-12T00:00:00Z

The week ahead is dominated by two scheduled catalysts: a Federal Reserve interest rate decision that is described as close to a lock for a hike, and an approaching vote on the Clarity Act, the US digital asset market-structure bill. Investors.com's weekly investing-action preview frames the combination as a consequential stretch for both macro and crypto markets. Monetary policy and crypto-specific legislation are the two biggest swing factors for risk assets right now: a hike tightens dollar liquidity and raises the cost of leverage, while the Clarity Act would settle which US regulator oversees which digital assets and could unlock broader institutional participation. Getting both in the same week means crypto traders face a macro shock and a regulatory regime signal almost simultaneously. The Clarity Act was introduced on May 29, 2025 by House Financial Services Committee leadership, passed the House 294-134, and splits oversight between the SEC and CFTC while classifying Bitcoin and Ethereum as commodities. On the rates side, the headline expectation of a hike has not been matched by every signal — the Fed has held the funds rate in a 3.50%-3.75% range at recent meetings, with some officials dissenting in favor of a hike amid persistent inflation, so market-implied odds have run below "near lock" at times.

https://xiyu.news/editions/2026-09-11/#rss:decrypt.co_feed:4adde92c738be819 2026-09-11T00:00:00Z

Senate Republicans, led by Sen. Cynthia Lummis (R., Wyo.), released a revised 630-page Clarity Act on Thursday that would require "decentralized-in-name-only" crypto trading protocols — those controlled by people or groups — to register with the Commodity Futures Trading Commission (CFTC). The new text, which Lummis said incorporates over 100 changes requested by Democrats, lands ahead of a September 15 Senate procedural vote. If enacted, the bill would create a federal digital-asset market framework, draw jurisdictional lines between the CFTC and SEC, and largely clear the way for crypto startups to raise funds through token sales again. The September 15 procedural vote is widely seen as a do-or-die moment for the legislation, and the new registration language would directly reshape how DeFi front-ends and governed protocols operate in the U.S. The draft directs the CFTC and Treasury to develop rules for trading protocols that people or groups can control or materially alter, and limits the DeFi provisions to spot and cash transactions — a change Lummis attributed to Native American concerns about prediction markets. Ethics provisions remain largely unchanged from the July draft, which barred public officials, employees and their spouses from issuing or sponsoring digital assets; Politico reports that no Democrats currently support the new bill.

https://xiyu.news/editions/2026-09-11/#gdelt:article:20260910T181500Z::https://www.dodd-frank.com/2026/04/the-sec-releases-new-interpretation-on-crypto-assets/ 2026-09-11T00:00:00Z

On March 17, 2026, the U.S. Securities and Exchange Commission issued an interpretive release setting out how federal securities laws apply to certain types of crypto assets and to transactions involving them, with reports indicating the CFTC joined the guidance. It is the clearest Commission-level statement to date on when crypto assets fall inside — and outside — U.S. securities law. The interpretation gives token issuers, exchanges and custodians a Commission-level framework for classifying assets, which could reshape how tokens are listed and traded in the United States and reduce the industry's reliance on case-by-case enforcement. It also forms the baseline that follow-on rulemaking, such as the proposed Regulation Crypto Assets, is built on. The release is format-neutral: issuing a security onchain rather than offchain does not change how federal securities laws apply, and the Howey test remains the touchstone for whether an asset is an investment contract. The separately proposed Regulation Crypto Assets would create a safe harbor under which an asset meeting specified conditions is deemed not subject to an investment contract, and would preempt state registration and qualification requirements for offerings made under that exemption.

https://xiyu.news/editions/2026-09-10/#rss:decrypt.co_feed:98e74a4be7cb9a4f 2026-09-10T00:00:00Z

On September 8, U.S. Secret Service agents froze $52.8 million in USDT across 52 wallets linked to the Telegram-based scam marketplace Xinbi Guarantee, using intelligence from blockchain analytics firm Elliptic. OFAC designated Xinbi a 'significant transnational criminal organization' the following day, while the DOJ said its Scam Center Strike Force has now seized $938 million since launching in November 2025. This case shows how centralized stablecoins and blockchain analytics give U.S. authorities powerful levers to disrupt transnational criminal marketplaces in real time. It may also increase compliance and regulatory expectations for crypto exchanges, issuers, and over-the-counter desks handling stablecoin transactions. Elliptic had tracked Xinbi's wallet infrastructure for years, and two of the frozen wallets, containing about $12 million, were seized outright under a DOJ warrant. Xinbi disputed the freeze and converted about $2.8 million of remaining assets into USDD, a stablecoin without a central freeze switch but whose reserves are partly backed by USDT.

https://xiyu.news/editions/2026-09-10/#rss:cryptoslate.com_feed_:9d06ce7b41b7ae4d 2026-09-10T00:00:00Z

Tether froze more than $45 million in USDT across at least 22 wallets linked to Xinbi Guarantee, a marketplace serving Southeast Asian scam operations. Blockchain analytics firm Bitrace reported the action on Sept. 9, and Xinbi responded by telling users it would accept deposits only in USDD, a stablecoin built without address-level blacklisting capability. This is a notable escalation in stablecoin-based law enforcement because a sanctioned entity is responding by migrating to infrastructure that is deliberately 'unfreezable,' potentially complicating sanctions enforcement and anti-money-laundering efforts. It also sharpens the policy debate over centralized versus decentralized stablecoin design and how regulators should treat tokens with no blacklist mechanism. According to Bitrace, the freezes hit deposit, intermediary, and withdrawal addresses, including hot wallets for Xinbi's Xpay service and third-party OTC operators with financial ties to the marketplace. Replacement USDT wallets were frozen again within roughly 12 hours, and USDD — which has about $1.5 billion in circulation on Tron and Ethereum — documents itself as incapable of being frozen.

https://xiyu.news/editions/2026-09-09/#rss:www.theblock.co_rss.xml:4e48034106bdfdd5 2026-09-09T00:00:00Z

Malone Lam, a 22-year-old ringleader, pleaded guilty to heading an international social engineering scheme that stole approximately $245 million in cryptocurrency. The guilty plea marks a major breakthrough in the high-profile crypto crime case. This case underscores the growing scale and sophistication of social engineering attacks targeting cryptocurrency holders, and it demonstrates how law enforcement is using racketeering charges to pursue digital-asset criminals. The outcome could heighten scrutiny on security practices and contribute to stricter regulatory and legal precedents across the crypto industry. Lam led an international operation that used social engineering tactics such as impersonation and account takeovers to gain access to victims' cryptocurrency wallets. The $245 million figure places the case among the largest crypto theft prosecutions, and the charges reflect the organized, conspiracy-based nature of the scheme.

https://xiyu.news/editions/2026-09-09/#rss:www.whitehouse.gov_presidential-actions_feed_:fc181dc5215202cf 2026-09-09T00:00:00Z

The White House has issued a proclamation modifying the scope of Canadian products subject to additional duties first imposed under Proclamation 11048 of July 20, 2026. The duties were adopted to counter what the US determined to be Canada's discriminatory tariffs on US motor vehicles. This action continues US enforcement against Canadian automotive trade practices and will affect automakers and parts suppliers whose supply chains cross the border. It also signals that Washington is willing to keep using Section 338 of the Tariff Act as leverage in bilateral trade disputes. The proclamation operates under Section 338 of the Tariff Act of 1930 (19 U.S.C. 1338). Proclamation 11048 had found that Canada's United States Surtax Order (Motor Vehicles 2025), SOR/2025-118, imposed tariffs only on US motor vehicles while treating other countries more favorably. The new proclamation refines the list of affected Canadian products.

https://xiyu.news/editions/2026-09-08/#google_news:article:f5c61a3b7c1f822a 2026-09-08T00:00:00Z

Kraken has filed with the U.S. Commodity Futures Trading Commission (CFTC) to offer a regulated perpetual futures product to U.S. customers. The filing represents an application to enter the regulated crypto derivatives market, though details and a confirmed launch date have not yet been announced. If approved, this would expand the range of regulated crypto derivatives available to U.S. traders, who have often relied on offshore venues for perpetual futures. It also signals continued institutional adoption and regulatory progress in the U.S. crypto market structure. The filing is an early-stage application and is not yet a confirmed product launch. Specific contract terms, margin rules, and the venue through which Kraken would offer the product have not been disclosed.