SEC Staff Clarifies State Trust Companies Qualify as Digital Asset Custodians
The SEC Staff's no-action relief provides a critical, compliant pathway for Registered Investment Advisers to custody client digital assets via state-chartered trusts.
US Congress Enacts GENIUS Act Establishing Federal Stablecoin Regulatory Framework
The GENIUS Act codifies payment stablecoins as a distinct asset class, mandating 1:1 reserve backing and creating a clear dual federal-state compliance path.
Compositional Formal Verification Secures Complex DAG Consensus Protocols
This framework modularizes DAG consensus proofs into reusable components, dramatically reducing verification effort and ensuring robust protocol safety.
EBA Rejects Commission Amendments on MiCA Stablecoin Reserve Liquidity Standards
Stablecoin issuers must prioritize the EBA's strict prudential standards for reserve composition; regulatory arbitrage risk remains elevated.
SEC Staff Permits State Trust Companies as Qualified Crypto Asset Custodians
The SEC staff’s custody no-action relief expands the qualified custodian universe, strategically de-risking institutional crypto adoption.
SEC Clarifies State Trust Companies Can Custody Digital Assets for Institutions
RIAs must now update compliance frameworks to leverage state-trust custody, ensuring strict asset segregation and private key controls.
SEC Permits State Trust Companies as Qualified Crypto Custodians
The SEC's no-action relief allows registered investment advisers to treat state trust companies as "banks" for crypto custody, significantly de-risking institutional entry.
SEC and CFTC Clarify Spot Crypto Trading Rules for Regulated Exchanges
The joint interpretive statement operationalizes a pathway for regulated US exchanges to list spot crypto products, fundamentally shifting market structure risk.
Zero-Knowledge Mechanisms Enable Private, Verifiable Commitments without Mediators
This framework leverages zero-knowledge proofs for private mechanism commitment and execution, ensuring verifiable properties without disclosure or mediators.
