Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset

Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset

Stablecoin-linked stocks in Hong Kong plunged by double digits amid the city’s new regulatory transition, but experts say it’s a healthy correction. Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction. Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to…

Read More
Trump White House releases long-promised crypto report

Trump White House releases long-promised crypto report

The report rehashed many of the policy objectives touted by the Trump administration for regulating crypto in the United States. The US President Donald Trump’s Working Group on Digital Assets released its long-promised crypto report outlining policy recommendations for regulating crypto in the United States, including crypto market structure, jurisdictional oversight, banking regulations, promoting US…

Read More
SEC votes to allow in-kind redemptions for crypto ETPs

SEC votes to allow in-kind redemptions for crypto ETPs

SEC Chair Paul Atkins said the new rules will make crypto exchange-traded products “less costly and more efficient.” The US Securities and Exchange Commission (SEC) has approved in-kind creation and redemption for cryptocurrency exchange-traded products (ETPs), allowing investors to exchange shares directly for the underlying crypto assets instead of cash. In a Tuesday announcement, the…

Read More