Author: James Wilson
The U.S. Securities and Exchange Commission has included tokenization risks in its fiscal 2027 examination priorities, setting out areas of scrutiny across a program covering more than 34,000 registrants. Summary The SEC has included tokenization risks in its fiscal 2027 examination priorities. Clearing agencies and entities covered by Regulation SCI face explicit tokenization reviews. The priorities create no new legal obligations or changes to existing securities laws. Broker-dealer examinations will cover trading practices, supervision, financial responsibility and AML compliance. The SEC announced the priorities on Oct. 23, identifying evolving market infrastructure as a risk area alongside investor protection, private credit,…
Senator Cynthia Lummis has renewed her criticism of Senate Democrats over the stalled CLARITY Act, accusing them of rejecting tougher cryptocurrency penalties and investor protections they had previously requested. Summary Cynthia Lummis has accused Senate Democrats of blocking crypto protections they previously requested. The CLARITY Act failed a procedural Senate vote on September 15 by 49–50. The disputed provisions cover penalties, customer custody, financial disclosures and exchange capital requirements. Democrats have disputed the Republican account, citing unresolved ethics rules and other regulatory concerns. Seven Democratic senators have expressed interest in reviving negotiations, but no new vote has been scheduled. The…
South Korea has moved closer to introducing mandatory registration and foreign exchange reporting for cryptocurrency transfers, with new rules scheduled to take effect on December 3, 2026. Summary South Korea’s amended foreign exchange law takes effect December 3, introducing registration for cross-border crypto transfer businesses. The proposed rules cover transfers between cryptocurrency exchanges and private wallets, with reporting to the Bank of Korea. Officials have not confirmed that USDT and USDC will become formally recognized payment instruments under this amendment. Crypto businesses must prepare reporting systems and qualified staff, with public comments on the draft closing October 26. Upbit, Bithumb…
Singapore has brought Malaysia and Thailand into its BLOOM initiative, bringing three Southeast Asian central banks together to develop common approaches for cross-border transactions involving regulated stablecoins and tokenized bank deposits. Summary Malaysia and Thailand’s central banks have joined Singapore’s BLOOM initiative to coordinate cross-border digital money settlement. Ripple, Mastercard, Maybank and other major payment companies have joined the expanded initiative. The project covers regulated stablecoins, tokenized deposits, interoperability and programmable compliance controls. Malaysia is testing ringgit stablecoins, while Thailand is consulting on rules for baht-backed stablecoin issuers. Ripple’s RLUSD and Circle’s USDC could benefit from compatible settlement frameworks, but…
FOMO has launched its in-house cross-chain bridge and trading router, claiming transactions now complete in under one second, a day after rival Pump.fun introduced its competing bridge infrastructure. Summary FOMO has launched its own bridge and router, claiming cross-chain transactions now complete in under one second. The rollout follows Pump.fun’s competing bridge launch, with both platforms reporting faster trades and better execution. FOMO co-founders detailed the limited rollout and performance improvements, while liquidity and security arrangements remain undisclosed. According to FOMO’s October 23 announcement, the social cryptocurrency trading application began rolling out the upgrade publicly after testing it with a…
A group representing major US commodity exchanges has urged the Commodity Futures Trading Commission to reject Kalshi’s proposed oil perpetual futures contract over concerns about market integrity. Summary Commodity exchanges including CME Group have urged the CFTC to reject Kalshi’s proposed oil perpetual futures contract over market integrity concerns. Kalshi’s proposed contract would allow traders to maintain exposure to WTI crude oil prices without a fixed expiration date. The Commodity Markets Council has asked US regulators to restrict retail access to offshore derivatives platforms through VPNs. Kalshi is expanding its futures offerings while facing separate legal challenges from US states…
Ethereum developers have postponed the Glamsterdam upgrade on the Hoodi testnet over smart contract compatibility concerns, canceling its October 26 activation and a planned increase to a 200 million gas limit. Summary Ethereum developers postponed Glamsterdam’s October 26 Hoodi testnet activation to investigate EIP-8037 smart contract compatibility concerns. The postponement cancels the scheduled 200 million gas limit increase without reversing Hoodi’s existing blockchain history. ChainSecurity warned that proposed gas changes could affect smart contracts handling failed transactions and retry mechanisms. Hoodi node operators must update their execution and consensus clients to remove the canceled October 26 activation. Ethereum has not…
Bitcoin has fallen below $81,000 before recovering some ground, bringing $80,000 back into focus as Benjamin Cowen warns that a daily close below its 50-day moving average could send prices toward the bull market support band. Summary Bitcoin’s daily low fell below $81,000, with CoinGecko later recording a recovery toward $81,300. Cowen tied his downside warning to a daily close below the 50-day simple moving average. Mr. Wall Street said he has buy orders between $72,000 and $76,000. A Polymarket screenshot showed 3% odds of Bitcoin reaching $130,000 during 2026. CoinGecko showed Bitcoin fell to $80,989 after reaching $84,788 over…
J.P. Morgan Asset Management has brought two tokenized money market funds, MONY and JLTXX, to Solana for qualified U.S. investors through its Morgan Money platform. Summary MONY and JLTXX give qualified U.S. investors access to tokenized fund shares on Solana. MONY’s existing FAQ lists a $1 million initial investment minimum and offchain shareholder records. JLTXX’s May prospectus requires approved wallet addresses for purchases, redemptions and token transfers. BlackRock and Franklin Templeton brought their tokenized funds to Solana in 2025. J.P. Morgan Asset Management said investors can subscribe and redeem through Morgan Money, with token balances sent to their blockchain addresses.…
TRON has processed $2.21 trillion in stablecoin settlement during the third quarter of 2026, up 5.1% from the previous quarter, Nansen has reported. Summary $2.21 trillion in quarterly stablecoin settlement represents 5.1% growth from the previous three months. 1.07 billion successful transactions were recorded across the network during July through September. Binance and OKX led labeled transaction activity, but the report provides no payments-versus-exchange dollar split. TRON’s settlement figures do not include a matching quarterly comparison with Ethereum and Solana. Nansen’s Oct. 21 report puts successful network transactions at 1.0748 billion for July through September, averaging 11.68 million a day.…