SEC Staff Issues DePIN Token No-Action Letter Clarifying Distribution Path
The SEC staff's targeted NAL establishes a critical, albeit non-binding, precedent for utility token distribution and network launch compliance.
Basel Committee Mandates Global Bank Crypto Exposure Disclosure Standard
Banks must integrate standardized public disclosure requirements and re-evaluate stablecoin classifications for preferential capital treatment by 2026.
CFTC Advisory Committee Proposes Three-Tier Digital Asset Classification Framework
The DAMS framework introduces a tripartite classification for digital assets, creating a path for regulatory clarity and defining the jurisdictional boundaries for US platforms.
ESMA Standardizes EU Crypto Classification under MiFID II and MiCA
Firms must immediately integrate the new multi-factor classification test to harmonize product structuring and compliance across the EU.
OCC Confirms National Banks May Hold Crypto Assets for Operational Fees
The ruling provides a clear compliance pathway for banks to integrate on-chain operations, mandating strict de minimis capital controls.
SEC Staff Eases Custody Rules for Funds Using State Trust Companies
The SEC staff's no-action relief allows registered funds to use state trust companies as qualified custodians, immediately de-risking institutional crypto adoption.
Indian High Court Recognizes Digital Assets as Property, Granting Legal Rights
The ruling formalizes digital asset property rights, compelling platforms to update custody and dispute resolution frameworks for legal enforceability.
CFTC Expands Due Process Rights for Digital Asset Enforcement Targets
The CFTC's procedural reforms mandate greater transparency and extended response timelines, strategically shifting the risk calculus for firms facing enforcement.
SEC Rescinds SAB 121 Accounting Guidance Easing Bank Crypto Custody Constraints
The SEC's rescission of SAB 121 removes a critical balance sheet impediment, strategically clearing the path for highly regulated financial institutions to scale digital asset custody.
