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View More NewsSouth Korea’s ruling Democratic Party is reportedly preparing a draft bill that would classify stablecoins as foreign exchange payment instruments and require tokenized real-world assets (RWAs) to be backed by assets held in trust. Citing an integrated draft of the proposed Digital Asset Basic Act, the Seoul Economic Daily reported on Wednesday that stablecoins used in cross-border transactions would be treated as “means of payment” under the Foreign Exchange Transactions Act, placing related businesses under oversight even without separate registration.The draft bill would also require issuers of tokenized RWAs to place underlying assets in managed trusts under the Capital Markets Act. If…
Some past enforcement actions against cryptocurrency companies lacked clear investor benefit and misinterpreted federal securities laws, the US Securities and Exchange Commission (SEC) said on Tuesday. Since the 2022 fiscal year, the SEC brought 95 actions and $2.3 billion in penalties for “book-and-record violations,” it said in a statement about its enforcement results for 2025. “Together with seven crypto firm registration-related and six ‘definition of a dealer’ cases, these cases identified no direct investor harm from those violations, produced no investor benefit or protection.” It also reflected a “bias for volume of cases brought versus matters of investor protection,” a misallocation of resources…
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On March 26, the International Olympic Committee (IOC) announced a new policy that ensures female Olympic sports categories will be reserved for actual female athletes, as opposed to trans-identified men. Under the new policy, women will be required to prove their eligibility with a cheek swab or blood test—a simple one-time procedure that’s less intrusive than the drug-testing regimens that Olympians have submitted to for decades. The new policy will be warmly greeted by the substantial majority of ordinary people—on both sides of the political spectrum—who embrace the common-sense view that men should not be allowed to steal roster and…
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In brief Trump set an 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz or face destruction. The move has rattled…
Global crypto exchange-traded products drew $224 million in inflows last week after a $414 million outflow the week before, according to CoinShares. The headline…
According to the bureau, a large number of minors aged 17 and younger were included in complaints related to crypto or crypto ATMs, resulting…
In brief The FDIC approved a proposed rule implementing stablecoin regulations under the GENIUS Act, establishing standards for permitted payment stablecoin issuers. Deposits held…
The US Securities and Exchange Commission’s former top enforcement official reportedly clashed with the regulator’s top brass before resigning last week, with part of…
I WANT FREE MINDS AND FREE MARKETS! Help Reason push back with more of the fact-based reporting we do best. Your support means more…
Bitcoin’s mining concentration problem just showed up on the blockchain itself, triggering a small “reorg.”At the center of the story is Foundry USA, the…
TRON DAO has scaled up its artificial intelligence fund by a factor of ten, from $100 million to $1 billion, targeting investments in and…
In brief Balancer Labs is winding down after a $128 million exploit left the company facing legal exposure and no sustainable revenue. The protocol…
Although drivers stuck in I-95’s infamous traffic might not know it, Virginia actually has the best highways in the country. That’s according to the…
Monday’s ceasefire trade lasted about 18 hours.Bitcoin climbed 3.1% to $70,352 on Tuesday morning, recovering from the weekend’s slide below $68,000, with ether (ETH),…
Shares in NovaBay Pharmaceuticals jumped nearly 19% after the company announced it would change its name to Stablecoin Development Corporation as part of its…
