regulation

The American Bankers Association (ABA) is facing sharp backlash after urging regulators to halt the issuance of banking licenses to leading crypto firms Ripple and Circle. Prominent attorney John Deaton launched a fierce response, accusing the ABA of “obstruction and sabotage” against innovation in the financial sector.

Crypto Industry Fights Back: Deaton Demands Fair Access
In a strongly worded post on X, Deaton criticized the ABA’s letter to the Office of the Comptroller of the Currency (OCC), which called for a freeze on granting trust charters to digital asset companies. His stance was echoed by well-known tech analyst Vincent Van Code, who labeled the move “anti-competitive and regressive.”
“The age of financial elites is over. A new era of decentralization is here,” Van Code stated.

“If democracy means anything in the economy, the voices of millions of crypto supporters must be heard.”

Ripple is seeking a national banking license from the OCC to deepen the integration of its stablecoin and payment services into the mainstream financial system. Similarly, Circle has applied to operate as a national trust bank, with its USDC reserves partially held by a new entity called First National Digital Currency Bank.

ABA Argues: No Fiduciary Activity, No License
According to the ABA, national trust charters should only be issued to institutions that provide fiduciary services — the traditional management of assets for others. In its letter to the OCC, the group argued that Ripple and Circle do not meet these criteria but seek the advantages of federal banking status.
The letter warned that approving such charters could set a dangerous precedent, allowing non-fiduciary crypto firms to bypass the Bank Holding Company Act and other rules that traditional banks must follow. It also voiced concerns about a wave of imitators following Ripple and Circle into the banking system without equivalent oversight.

GENIUS Act Aligns With Crypto Expansion
This dispute unfolds as the U.S. recently passed the GENIUS Act, which requires stablecoin issuers to operate under federal supervision — whether as banks, credit unions, or specially chartered nonbanks regulated by the OCC. For Ripple and Circle, obtaining such licenses would help meet compliance standards and expand their offerings.

A Clash of Worlds: Tradition vs. Innovation
The ABA is pushing for a strict return to narrow definitions of fiduciary duty and rejects the OCC’s prior, now-revoked Interpretive Letter 1179 that had allowed broader interpretations. Their position is simple: “No fiduciary duty, no trust charter.”
Critics argue that the ABA is merely trying to protect outdated financial models from being disrupted by modern, efficient technologies.
John Deaton summed it up bluntly: “By blocking Ripple and Circle, the ABA is only defending the old guard. But innovation always finds a way.”

#Ripple , #Circle , #crypto , #Regulation , #Stablecoins

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Citadel Securities has issued a formal warning to the U.S. Securities and Exchange Commission (SEC), urging the agency to immediately slow down the rollout of tokenized equities. In a letter sent to the SEC’s crypto task force, the trading giant argues that the rapid expansion of these blockchain-based securities could confuse investors, distort market fairness, and undermine the traditional IPO system.

🧩 Tokenization Without Clear Rules? A Recipe for Confusion
Citadel warns that tokenized securities—digital representations of stocks or assets traded on blockchain networks—are being introduced too quickly and without sufficient regulatory oversight. The firm believes this opens the door to regulatory loopholes that could benefit certain platforms like Coinbase or Robinhood while leaving traditional players at a disadvantage.
The letter emphasizes that such a shift could weaken the fragile IPO market. By offering private firms a backdoor route to capital without going public, tokenization could further drain activity from the public equities space.

⚠️ Risk for Pension Funds and Banks
Another concern raised is that pension funds, banks, and other major financial institutions may not be allowed to hold crypto assets due to internal policies or fiduciary restrictions. A mass shift toward tokenized securities could exclude these institutions from the market entirely.
"True innovation means offering better tools—not shortcutting the rules," the firm stated, emphasizing that tokenized products must succeed based on genuine merit, not through regulatory arbitrage.

💼 SEC Quiet So Far, But Big Changes Loom
The SEC declined to comment on the letter. However, new SEC Chairman Paul Atkins has signaled a clear departure from his predecessor Gary Gensler’s aggressive enforcement approach.
Atkins is now exploring the possibility of a “sandbox exemption” that would allow firms to experiment with tokenized securities without being subject to all existing rules. He’s also reviewing more targeted changes to support blockchain trading infrastructure.

🏛️ Stablecoin Law Reshapes the Debate
The debate comes just days after Congress passed—and President Trump signed—a landmark stablecoin law, requiring issuers to back tokens with cash or short-term government securities. The law offers regulatory clarity for dollar-pegged digital assets and is hailed by supporters as a key step toward legitimizing crypto markets, which could grow from $265 billion to $3 trillion by 2030.
Still, not everyone is on board. Senator Elizabeth Warren warned that the law falls short of protecting consumers, even as others celebrate it as a turning point.

#SEC , #Regulation , #DigitalAssets , #CryptoNews , #blockchain

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The U.S. Securities and Exchange Commission (SEC) has made its position clear – Chairman Paul Atkins stated that Ethereum should not be considered a security. He made this statement in a key interview with CNBC at a time when institutional interest in ETH is surging and the price is reaching new highs.

📌 Ethereum Classified as a Commodity, Just Like Bitcoin
In the interview, Paul Atkins confirmed that the SEC informally classifies Ethereum as a commodity, placing it in the same category as Bitcoin. While not yet an official or formal ruling, this is the clearest public statement from the agency regarding Ethereum’s regulatory status.
“We view Ethereum much like Bitcoin. Securities laws do not currently apply to it, given its use case and technological infrastructure,” Atkins said.
He emphasized that the Ethereum blockchain is critical to the wider crypto ecosystem, especially as a foundation for Layer 2 networks and decentralized applications.

⚖️ A New Era of Crypto Regulation Under SEC Leadership
Following the inauguration of President Donald Trump’s administration, regulators are now seeking to provide a clearer legal framework for cryptocurrencies, initiating more open dialogue with industry leaders.
Under former SEC Chairman Gary Gensler, Ethereum’s status remained uncertain. The agency launched several investigations into whether ETH could be classified as a security. Today, however, there is a marked shift toward clarity.
Meanwhile, the Commodity Futures Trading Commission (CFTC) has long recognized Ethereum and Bitcoin as commodities, applying its regulatory approach accordingly. Nonetheless, questions remain – especially around staking and how it might be regulated in the future.
For instance, Ethereum ETF proposals that involve staking are still under review. BlackRock is among the institutions with pending applications.

📈 Institutions Are Accumulating Ethereum – SEC Takes Notice
Atkins also praised the growing institutional adoption of ETH as an encouraging sign. He noted that the involvement of major companies is driving innovation and development across the ecosystem.
Firms such as BTCS, SharpLink Gaming, and Gamesquare have already added Ethereum to their corporate treasuries. Meanwhile, Ether Machine is expected to go public with an initial capital injection of $1.6 billion in ETH.
Ethereum-focused ETFs are also experiencing record inflows, with some reaching new daily highs. ETH’s price has surged to $3,782, marking a 24% increase in the past week.

🔜 If the trend continues, Ethereum could soon not only reach new all-time highs but also secure a lasting place as a legally recognized commodity in the U.S. regulatory framework.

#SEC , #PaulAtkins , #Ethereum , #crypto , #Regulation

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The American Bankers Association (ABA) is facing sharp backlash after urging regulators to halt the issuance of banking licenses to leading crypto firms Ripple and Circle. Prominent attorney John Deaton launched a fierce response, accusing the ABA of “obstruction and sabotage” against innovation in the financial sector.
Crypto Industry Fights Back: Deaton Demands Fair Access
In a strongly worded post on X, Deaton criticized the ABA’s letter to the Office of the Comptroller of the Currency (OCC), which called for a freeze on granting trust charters to digital asset companies. His stance was echoed by well-known tech analyst Vincent Van Code, who labeled the move “anti-competitive and regressive.”
“The age of financial elites is over. A new era of decentralization is here,” Van Code stated.
“If democracy means anything in the economy, the voices of millions of crypto supporters must be heard.”
Ripple is seeking a national banking license from the OCC to deepen the integration of its stablecoin and payment services into the mainstream financial system. Similarly, Circle has applied to operate as a national trust bank, with its USDC reserves partially held by a new entity called First National Digital Currency Bank.
ABA Argues: No Fiduciary Activity, No License
According to the ABA, national trust charters should only be issued to institutions that provide fiduciary services — the traditional management of assets for others. In its letter to the OCC, the group argued that Ripple and Circle do not meet these criteria but seek the advantages of federal banking status.
The letter warned that approving such charters could set a dangerous precedent, allowing non-fiduciary crypto firms to bypass the Bank Holding Company Act and other rules that traditional banks must follow. It also voiced concerns about a wave of imitators following Ripple and Circle into the banking system without equivalent oversight.
GENIUS Act Aligns With Crypto Expansion
This dispute unfolds as the U.S. recently passed the GENIUS Act, which requires stablecoin issuers to operate under federal supervision — whether as banks, credit unions, or specially chartered nonbanks regulated by the OCC. For Ripple and Circle, obtaining such licenses would help meet compliance standards and expand their offerings.
A Clash of Worlds: Tradition vs. Innovation
The ABA is pushing for a strict return to narrow definitions of fiduciary duty and rejects the OCC’s prior, now-revoked Interpretive Letter 1179 that had allowed broader interpretations. Their position is simple: “No fiduciary duty, no trust charter.”
Critics argue that the ABA is merely trying to protect outdated financial models from being disrupted by modern, efficient technologies.
John Deaton summed it up bluntly: “By blocking Ripple and Circle, the ABA is only defending the old guard. But innovation always finds a way.”
#Ripple , #Circle , #crypto , #Regulation , #Stablecoins
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
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$XRP

#CryptoNews #Stablecoins #Regulation

The U.S. just passed a major crypto law—the GENIUS Act—bringing clear rules for stablecoins like USDT and USDC.

🔹 What’s in the law?
Stablecoins must be backed by real assetsCompanies must be transparent about reservesThe U.S. officially banned a government-backed digital dollar (CBDC)
🔹 Why it matters:
This gives stablecoins the green light to grow. Big names like Coinbase, Gemini, and Kraken joined lawmakers to celebrate. Many believe this will help crypto go more mainstream.
🔹 Market reaction:
Bitcoin pulled back slightly but remains strong. Ethereum, Solana, and XRP are holding firm. The total market cap is still over $4 trillion.
💬 Final Thoughts
This law brings crypto more trust and real-world use. It’s a big step for the U.S. and could spark more growth for stablecoins and DeFi.
Do you think this is bullish for crypto? Drop your take below! 👇
#CryptoRegulation #Stablecoins #BinanceSquare #BTC #ETH #USDC #USDT

The U.S. Securities and Exchange Commission (SEC) initially approved Bitwise's request to convert its crypto index fund into an ETF — only to shock the market shortly after by suspending the process. The regulator claims it wants to “reconsider everything.”

✍️ Approval That Didn’t Last Long
On Tuesday, July 22, the SEC’s Division of Trading and Markets greenlit the Bitwise 10 Crypto Index Fund ETF, which tracks the top cryptocurrencies by market cap — including Bitcoin, Ethereum, XRP, Solana, and Polkadot.
However, shortly after, Sherry R. Haywood, SEC Associate Director, issued a formal notice under Rule 431 that suspended the decision until the Commission makes a final ruling.

💼 What’s Behind the SEC’s U-Turn?
The Bitwise fund (ticker: BITW) isn’t the only one facing this kind of regulatory whiplash. A similar pattern occurred with the Grayscale Digital Large Cap Fund LLC, where the SEC first approved the ETF conversion request — only to revoke it the next day.
Both Bitwise and Grayscale have major exposure to Bitcoin, Ethereum, and other altcoins like SOL, ADA, and XRP. They are traded over-the-counter and target qualified investors.
Experts believe the SEC might be working on a unified regulatory framework for crypto ETFs to avoid confusion and bring clarity to the listing process.

🗣️ Experts React: Confusion and Frustration
The crypto community quickly responded on X:
🔹 Scott Johnsson of Van Buren Capital suggested that the sudden reversal may be politically motivated, pointing to Democratic Commissioner Caroline Crenshaw, known for her crypto skepticism.
🔹 James Seyffart, an ETF analyst, agreed with Johnsson and added that the SEC’s delay tactic is nothing new. However, he remains hopeful that the agency is working on a standardized process to allow crypto ETFs to be listed smoothly.

🧾 Approval Process Can Take Up to 240 Days
Under current rules, exchanges must file Form 19b-4, initiating a review process that can last up to 240 days. However, insiders say that the proposed framework could shorten that window significantly, accelerating ETF listings.

🗳️ Politics and Crypto Collide
Adding to the uncertainty is a tense political climate. The SEC is currently reviewing multiple crypto ETF proposals — including ones tied to Solana (SOL) and Dogecoin (DOGE) — while navigating Trump’s evolving stance on crypto regulation.
Representatives from Bitwise and the SEC have not responded to requests for comment.

#SEC , #crypto , #etf , #CryptoInvesting , #Regulation

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“