South Korea’s Ruling Party Unveils Policy Allowing Companies to Issue Stablecoins: Bloomberg
South Korea’s ruling party proposed a bill allowing qualified companies to issue stablecoins, requiring 500 million won in equity and FSC approval to boost transparency and competition.
From Anti-Crypto to Crypto Advocate, the SEC Pushes Bitcoin and Top Altcoins
The SEC shows a surprising shift towards supporting crypto, endorsing self-custody and proposing an innovation exemption for DeFi, potentially accelerating adoption and institutional involvement.
Feds Charge Crypto Founder With Evading U.S. Sanctions, Laundering $500M – Decrypt
U.S. authorities charged Russian crypto founder Iurii Gugnin with laundering $500M and evading sanctions for Russian banks. He faces up to 30 years per fraud count in a broader crackdown on crypto sanctions evasion.
LIBRA Scandal Resolution: Javier Milei’s Conduct Deemed Ethical By Anti-Corruption Office | Bitcoinist.com
Argentina’s Anti-Corruption Office cleared President Javier Milei of wrongdoing in the LIBRA memecoin scandal, stating his social media endorsement was personal, not official. Investigations continue internationally.
South Korea Unveils Digital Asset Bill Allowing Stablecoin Issuance
South Korea’s Democratic Party proposed a bill to legalize stablecoin issuance, requiring 500 million won capital and redemption guarantees. The move follows President Lee Jae-myung’s pro-crypto policies.
Paul Atkins Delivers Key Points On DeFi At SEC’s Crypto Task Force Roundtable | Bitcoinist.com
SEC Chair Paul Atkins outlined his vision for DeFi, emphasizing economic liberty and innovation. He criticized past regulatory approaches and advocated for self-custody rights and new crypto frameworks.
South Korea moves to legalize stablecoins with new crypto bill
South Korea’s president is advancing a crypto bill to legalize stablecoins, requiring issuers to meet capital and regulatory standards, amid central bank opposition and surging stablecoin trading.
Russian Crypto CEO Charged in $530M Laundering Fraud
Russian CEO Iurii Gugnin of crypto platform Evita was charged for laundering $530M to aid sanctioned Russian banks, violating US sanctions and export controls.
Canary Capital spins up Delaware trust for staked Injective ETF
Canary Capital formed a Delaware trust for a staked Injective ETF, potentially offering exposure to INJ tokens. The move follows similar crypto ETF steps, though SEC concerns about staking ETFs remain.
SEC Chair Touts American DeFi Revolution as ETH Prices Pump 8%
SEC Chair Paul Atkins supports DeFi innovation, criticizing outdated regulations. He proposes an ‘innovation exemption’ for blockchain, boosting Ethereum prices by 8% with regulatory clarity for staking and self-custody.
