BitRiver founder charged in Russia with $12.5 million fraud
Igor Runets has been transferred to a pretrial detention facility from house arrest as he faces accusations of failing to deliver on a contract. Source：CoinDesk
Social Security’s biggest problem isn’t a design flaw. It’s a missing trust fund.
Should policymakers look beyond the payroll tax to cover this share of the deficit? Source：MarketWatch
South Korea report proposes stablecoin rules before crypto law
Policy report recommends interim licensing guidance, greater flexibility for stablecoin issuers and rules ahead of the Digital Asset Basic Act.…
Senators said to hatch idea to toughen Trump's concession on Clarity Act's crypto limits
Insiders say that the bipartisan Senate duo revamping the bill's Trumpapproved ethics section have come up with something they hope wins sufficient yes votes.…
Fed holds rates steady, extending pause as markets await Kevin Warsh's policy roadmap
For the first time in several years, markets were somewhat split on whether the U.S. central bank would hike rates. Source：CoinDesk
Russia charges Telegram founder Pavel Durov with aiding terrorism
The charges could result in life imprisonment, escalating an investigation that has already led to over 100 million rubles in fines for the platform this year.…
UK policy sprint finds cross-border payments are stablecoins’ top use case
Industry participants said stablecoins offer the biggest nearterm benefits for crossborder payments, while domestic UK retail adoption is likely to remain…
Coinbase wants to be Canada’s ‘everything exchange,’ but says clearer rules are needed first
Coinbase Canada's new CEO, Eric Richmond, says permanent rules, rather than temporary exemptions, are needed as the company pushes to expand into derivatives,…
BlackRock, Fidelity, other Wall Street giants back the Clarity Act
BlackRock, Fidelity, Franklin Templeton, Goldman Sachs and SoFi have publicly endorsed the crypto market structure bill as the Senate's timeline tightens.…
Russia outlines new digital depository rules ahead of fall crypto framework roll-out
The central bank's draft rules require digital asset platforms to hold up to $2.8 million in liquid capital as a sweeping regulatory framework looms.…
Inside the CME and CFTC’s battle over onchain perpetual futures
Weeks ago, the U.S. CFTC opened the gates for crypto perps with its first listing approval, but major derivatives player CME is fighting back against what it…
U.S. Senate puts off crypto Clarity Act for now as it focuses limited bandwidth elsewhere
The majority leader is pursuing floor time for unrelated bills as the crypto industry waits for its policy effort to get its chance for votes. Source：CoinDesk