Switzerland to Swap Crypto Holder Data with 74 Countries
Switzerland will automatically exchange crypto-asset data with 74 countries under OECD’s CARF starting in 2027, excluding the U.S. and Saudi Arabia, with reciprocity and compliance conditions.
Crypto market structure hearing devolves into partisan claims
Republican lawmakers dismissed concerns about Trump profiting from crypto, calling them political theatrics during a hearing on the CLARITY Act, while Democrats pushed for provisions to prevent such conflicts.
Stalling first-mover advantage: VanEck, 21Shares, Canary press SEC to restore first-to-file ETF review order
VanEck, 21Shares, and Canary Capital urge SEC to reinstate queue-based ETF approvals, arguing concurrent reviews disadvantage early filers and harm market integrity by favoring larger firms.
Big Techs consider adopting stablecoins as GENIUS Act debate continues
Major tech firms like Apple, X, and Airbnb are exploring stablecoin integration to reduce fees and improve payments as the GENIUS Act sparks regulatory debate in the US Senate.
UK Financial Watchdog Proposes Lifting Ban on Crypto ETNs for Retail Investors – Regulation Bitcoin News
The UK FCA proposes allowing retail investors to access crypto ETNs, lifting a previous ban while applying standard financial promotion rules for consumer protection.
VanEck, 21Shares, and Canary urge SEC to revert to ‘first to file, first to approve’ standard for crypto ETFs
VanEck, 21Shares, and Canary Capital urge the SEC to revert to ‘first-to-file, first-to-approve’ for crypto ETFs, arguing simultaneous approvals disadvantage smaller firms and stifle innovation.
House Democrats Sound Alarm on CLARITY Act: Impact ‘Will Not Be Quarantined to Crypto’ – Decrypt
House Democrats raised concerns about the CLARITY Act, a crypto market structure bill, warning its regulatory gaps could extend beyond crypto to traditional finance, incentivizing evasion of securities laws.
New Federal Reserve Vice Chair Confirmation Represents a ‘Turning Point’ for Crypto, Says Senator Lummis – The Daily Hodl
Senator Lummis sees Michelle Bowman’s confirmation as Federal Reserve Vice Chair as a turning point for crypto, praising her evidence-based approach to regulation and support for innovation.
FCA Eyes Retail Access to Crypto ETNs After Ban Lift Proposal
The UK’s FCA proposes lifting its ban on crypto ETNs for retail investors, allowing access to Bitcoin and Ether ETNs on approved markets like the London Stock Exchange.
Singapore confirms near-ban on foreign-only digital token services
Singapore’s MAS will require crypto firms serving only overseas clients to obtain licenses from June 30, with approvals granted rarely due to supervision and AML concerns.
