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News
U.S. House weighs two crypto tax bills on Sept. 16
12+ hour, 42+ min ago (1120+ words) House tax writers have reportedly scheduled a Sept. 16 review of two bills that could change how U.S. miners, stakers and traders calculate federal taxes. The House Ways and Means Committee plans to consider H.R. 9175 and H.R. 9172 on Wednesday. The committee’s public calendar had…...
Thailand SEC proposes $151K stablecoin transfer cap
1+ day, 9+ hour ago (999+ words) Thailand’s Securities and Exchange Commission has proposed limiting inbound and outbound stablecoin transfers involving external wallets to five million baht, or roughly $151,000, per customer, operator and day. The regulator’s consultation, published on Sept. 11, would require stablecoins deposited with or withdrawn…...
UK crypto firms get five-month window to seek FCA approval
2+ day, 7+ hour ago (591+ words) UK crypto firms have been given a five-month application window, from Sep. 30 to Feb. 28, to seek Financial Conduct Authority approval before a new regulatory regime is expected to take effect in October 2027. The FCA’s published timetable puts an exact date…...
UK digital asset strategy wins House of Lords backing in 194–138 vote
3+ day, 20+ hour ago (1363+ words) The UK House of Lords has voted 194–138 to require the Treasury to publish and consult on a national digital asset strategy within 12 months of the Financial Services and Markets Bill becoming law. UK Parliament voting records show that Baroness Neville-Rolfe…...
Bitcoin time-delay locks could prevent bridge bugs from causing total losses: Rootstock co-founder
3+ day, 23+ hour ago (1312+ words) Rootstock co-founder Sergio Lerner has called for Bitcoin bridges to adopt mandatory withdrawal delays after about 4,000 BTC left Liquid Network’s federation wallet through an unauthorized peg-out. Sergio Lerner, chief scientist and co-founder of RootstockLabs, told crypto.news that immediate settlement…...
CLARITY Act faces Senate split over crypto conflict rules
4+ day, 8+ min ago (1193+ words) The CLARITY Act has encountered a new Senate dispute over vertical integration rules ahead of its Sep. 15 cloture vote, which requires 60 votes to advance the crypto market structure bill. Politico reported on Sep. 10 that Senate Democrats are pressing for language…...
PYUSDx reaches $100M as M0 CEO explains business stablecoin model
4+ day, 56+ min ago (1368+ words) PayPal, M0, and MoonPay have publicly launched PYUSDx after three products processed about $100 million through the business stablecoin platform. M0 CEO and co-founder Luca Prosperi told crypto.news that PYUSDx gives businesses control over token rules, revenue, and administration that they would…...
Cosmos says bank tokenization is moving beyond pilots
4+ day, 1+ hour ago (1002+ words) Cosmos has launched a 17-company partner network as it prepares for a Wells Fargo tokenized-deposit rollout planned for fall 2026, according to its chief commercial officer. Cosmos Chief Commercial Officer Eran Barak told crypto.news that the Partner Network is designed…...
PayPal launches PYUSDx after $100M milestone
4+ day, 9+ hour ago (1008+ words) PayPal, M0 and MoonPay officially launched the PYUSDx custom stablecoin platform on Sept. 9 with three active projects that the companies said have collectively processed more than $100 million. The partners initially announced the framework in February. As crypto.news previously reported, PayPal…...
U.S. Bank pilots USBDC stablecoin on Stellar
4+ day, 11+ hour ago (1087+ words) U.S. Bank completed a live cross-border payment using USBDC, its proprietary dollar-backed stablecoin, the bank announced on Sept. 9. The transaction moved value between U.S. Bank entities in North America and Europe through the Stellar public blockchain. The bank presented the transaction as…...