IRS Creates Safe Harbor for Digital Asset Staking Investment Trusts
The new Revenue Procedure 2025-31 provides essential tax clarity, enabling institutional ETPs to operationalize proof-of-stake yield.
SEC Staff Permits State Trusts as Qualified Digital Asset Custodians
The Staff's no-action relief provides a critical compliance pathway, enabling SEC-registered investment advisers to utilize state-chartered trust companies as qualified digital asset custodians.
Singapore Regulator Mandates Licensing for Offshore Digital Asset Service Providers
The MAS finalized its DTSP regime, eliminating regulatory arbitrage by requiring licensing for entities serving foreign clients from a Singapore base by June 2025.
US Congress Accelerates Bipartisan Effort to Finalize Digital Asset Legislation
Legislative momentum in the US signals imminent market structure clarity, compelling firms to model compliance against a unified federal framework.
US Congress Accelerates Bipartisan Push for Digital Asset Market Structure
Legislative momentum in the Senate signals imminent market structure clarity, compelling firms to finalize compliance framework architecture now.
Hong Kong Monetary Authority Mandates Licensing for HKD-Pegged Stablecoin Issuers
The HKMA's new mandate forces all HKD-pegged stablecoin issuers to secure a license, requiring rigorous reserve asset management and client segregation protocols for market access.
Polish Regulator Finalizes MiCA Act, Imposing High Supervisory Fee
National MiCA implementation imposes a 0.4% revenue-based supervisory fee, fundamentally altering the cost structure for EU Crypto-Asset Service Providers.
SEC Withdraws Proposed Custody Rule Expansion for Digital Assets
The rescission of the expanded safeguarding requirement immediately mitigates systemic operational risk for broker-dealers and RIAs holding non-security crypto assets.
UK Government Defines New Crypto Regulated Activities under Financial Services Law
The UK's legislative action formalizes the regulatory perimeter, mandating licensing for core digital asset operations by late 2026.
