US and UK align on stablecoin rules, boosting Ripple's role in regulated digital finance.

The US and UK have announced a joint taskforce to regulate stablecoins and tokenized assets, emphasizing fully backed stablecoins with high-quality liquid assets to reduce systemic risks. The UK is implementing detailed rules for stablecoin issuers, including asset safeguarding and systemic risk oversight, with full regulation expected by the end of 2027. Ripple is expanding its presence in Europe and the UK, securing licenses and participating in policy discussions, positioning itself as a key player in the emerging regulated digital money infrastructure. This alignment signals a major step toward integrating digital assets into mainstream financial systems.

• The US and UK are forming a joint taskforce to regulate stablecoins and tokenized assets, focusing on fully backed stablecoins with high-quality liquid assets.
• The UK is set to implement detailed rules for stablecoin issuers by the end of 2027, emphasizing asset safeguarding and systemic risk oversight.
• Ripple is expanding its regulated digital finance operations in Europe and the UK, positioning itself as a key player in this evolving landscape.

Topics: Jurisdictions, Legal regulatory, Infrastructure providers, Cross jurisdictional policy, Securities law classification, Tokenization platforms

Tags: #stablecoinregulation #usukalignment #ripple #digitalfinance #tokenizedassets #mica #regulatoryframework #assetsafeguarding

Read more

South Korea Included Blockchain Technology and Digital Assets in National Economic Growth Strategy

The South Korean government officially included the development of blockchain technology and the digital asset market in its economic growth strategy | Bitget crypto news!

• South Korea has officially integrated blockchain technology and digital assets into its national economic growth strategy for the second half of 2026.
• Key initiatives include drafting a new digital asset law, launching tokenized government bond projects, regulating stablecoins, and supporting spot ETFs.
• The government aims to expand blockchain infrastructure and provide state support, designating the Ministry of Science and ICT as the responsible agency.

Topics: Jurisdictions, Legal regulatory, Blockchain usage, Emerging hubs, Regulatory sandboxes pilots, Securities law classification, Cross jurisdictional policy, Ethereum evm l 1 s, Private enterprise ledgers

Tags: #southkorea #blockchaintechnology #digitalassets #economicgrowthstrategy #tokenizedgovernmentbonds #stablecoinregulation #spotetfs #carboncredits #cbdc #ministryofscienceandict

Read more

UK to Launch First G7 Tokenized Sovereign Bond in 2027

The UK will become the first G7 country to issue a tokenized sovereign bond, targeting an initial sale in early 2027 as part of a pilot to bring government debt

• The UK plans to launch its first tokenized sovereign bond, the Digital Gilt Instrument (DIGIT), in early 2027 as part of a pilot program.
• This initiative aims to leverage distributed-ledger technology to improve efficiency, reduce costs, and potentially enable new uses for government debt as collateral.
• The announcement aligns with broader UK-US cooperation on tokenized finance and stablecoin regulation, signaling a significant step towards mainstream adoption of digital assets in public markets.

Topics: Public debt, Jurisdictions, Infrastructure providers, Tokenized us treasuries, Established hubs, Tokenization platforms

Tags: #tokenizedsovereignbond #digitalgilt #uk #hsbcorion #bankofengland #fca #distributedledgertechnology #settlementtimes #collateral #stablecoinregulation

Read more

U.S. and UK Treasuries Seek to Coordinate Tokenization and Stablecoin Rules; Report Says Tokenization Could Boost UK Economy by $44 Billion in Annual Output

Odaily Planet Daily News The U.S. Department of the Treasury and the UK Treasury have issued recommendations from the Transatlantic Future Markets Working Grou…

• The U.S. and UK Treasuries are recommending a private sector-led group to test cross-border tokenized asset use cases and are working towards a common regulatory approach.
• A joint statement emphasizes regulatory coordination for a dynamic cross-border stablecoin market, requiring stablecoins to be fully backed by high-quality liquid assets at a minimum 1:1 ratio.
• A report suggests tokenization could boost the UK's annual economic output by $44 billion by 2035 if the UK leads in global tokenization adoption.

Topics: Jurisdictions, Legal regulatory, Asset types, Cross jurisdictional policy, Securities law classification, Financial instruments, Stablecoins digital cash

Tags: #ustreasury #uktreasury #tokenization #stablecoinregulation #crossborder #economicoutput #regulatorycoordination #transatlanticfuturemarketsworkinggroup #highqualityliquidassets

Read more

Nigel Farage: The secretive crypto firm backed by Reform's biggest donor

Tether is a giant in crytocurrency, an industry that Nigel Farage believes the UK should be embracing.

• The article investigates the financial ties between Nigel Farage's Reform party, its largest donor Christopher Harborne, and the cryptocurrency firm Tether, which issues the USDT stablecoin.
• It highlights concerns about potential lobbying for favorable stablecoin regulation in the UK, given Harborne's significant stake in Tether and his substantial donations to the Reform party.
• The piece questions the potential for conflicts of interest and a 'race to the bottom' in regulatory standards for stablecoins, especially in light of recent policy shifts and Farage's advocacy for embracing the crypto industry.

Topics: Legal regulatory, Institutional adoption, Political endorsements opposition, Securities law classification, Banking depository pilots, Pro innovation government policy, Legislative debates

Tags: #tether #usdt #nigelfarage #reformparty #christopherharborne #stablecoinregulation #bankofengland #lobbying #cryptocurrency #financialregulation

Read more

Cynthia Lummis calls CLARITY Act a commitment, not a concession

• Senator Cynthia Lummis is advocating for the CLARITY Act, emphasizing it as a commitment to US crypto leadership rather than a concession.
• The bill aims to define regulatory oversight between the SEC and CFTC for digital assets, including Bitcoin and Ethereum, and addresses stablecoin regulation.
• Lummis warns that regulatory delays could cede competitive advantage to other nations and highlights Bitcoin's potential as an inflation hedge.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Cross jurisdictional policy, Onboarding prime brokerage

Tags: #clarityact #cynthialummis #digitalassetmarketclarityact #sec #cftc #stablecoinregulation #bitcoin #ethereum #uscryptoleadership #regulatoryclarity

Read more

Crypto industry backs Barry Moore in Alabama Senate race with nearly $7M war chest

• The crypto industry, primarily through the Fairshake affiliate Defend American Jobs, has heavily backed Rep. Barry Moore's Alabama Senate campaign with nearly $7 million.
• Moore's support stems from his legislative record, including backing the CLARITY Act and GENIUS Act, which aim to create clearer regulatory frameworks for digital assets, and his opposition to central bank digital currencies.
• His potential win could bolster the pro-crypto caucus in the Senate, though such significant industry spending may also lead to accusations of special-interest capture.

Topics: Political endorsements opposition, Legal regulatory, Pro innovation policy, Securities law classification

Tags: #barrymoore #alabamasenaterace #cryptoindustry #fairshake #defendamericanjobs #superpac #digitalassets #clarityact #geniusact #stablecoinregulation

Read more

U.S. senators urge Treasury not to leave states out of GENIUS Act stablecoin process

Senators led by Republican Cynthia Lummis are insisting the Treasury Department ensure states get a process to prove their ability to supervise stablecoins.

• U.S. senators, led by Cynthia Lummis, are urging the Treasury Department to provide clearer procedural guidance for states seeking to certify their stablecoin regulatory frameworks under the GENIUS Act.
• The senators expressed concern that the current proposals lack clear timelines and procedural requirements, potentially hindering states' ability to demonstrate their supervision is on par with federal standards.
• This push highlights ongoing debates about the balance between federal and state authority in regulating the burgeoning stablecoin market.

Topics: Legal regulatory, Jurisdictions, Political endorsements opposition, Securities law classification, Cross jurisdictional policy, Legislative debates

Tags: #genuisact #stablecoinregulation #cynthialummis #treasurydepartment #stateoversight #federalsupervision #certificationprocess #scottbessent #cryptolegislation

Read more