crypto firms

UK lawmakers questioned lenders regarding the reported lack of available banking services for cryptocurrency firms within the country.

Lawmakers warn that banks' refusal to engage with crypto firms risks stunting the growth of UK industry. A parliamentary group has consequently requested that lenders clarify their rules for serving these crypto companies.

Crypto firms are seeking access to frontier AI, with only a select few currently having it. Executives acknowledge initial justification for restricting powerful AI models but argue it becomes unnecessary as open-source alternatives improve.

Fidelity has urged the US Senate to pass the CLARITY Act, aligning with industry groups and crypto firms advocating for legislative changes to market structure. The push emphasizes collaboration across the financial and cryptocurrency sectors to address regulatory needs.

A cross-party group of UK lawmakers is launching an inquiry to investigate why UK banks block accounts and payments for crypto firms and whether this is hindering the sector.

AMLA chair warns that crypto firms are facing anti-money laundering (AML) risks as they transition to the EU’s MiCA licensing regime. AMLA is expanding its oversight of the crypto sector during this period.

Crypto firms contributed $189 million to the 2026 midterms, with Ripple, Crypto.com and Coinbase leading corporate donations.

Dubai is anticipating an influx of crypto firms as the MiCA deadline approaches, prompting companies to reconsider their presence in Europe. The regulatory changes under MiCA are influencing businesses to reassess their European operations.

The UK's Financial Conduct Authority (FCA) will require crypto firms to demonstrate resilience to market shocks and hold capital against risky assets starting October next year. The regulations aim to increase oversight of the crypto industry, which has gained popularity through social media influencers and a legitimisation drive under US President Donald Trump.

Dubai's Virtual Assets Regulatory Authority (VARA) has licensed its 50th cryptocurrency firm, although only 39 Virtual Asset Service Providers (VASPs) were fully operational by the end of 2025 as the emirate's regulated market continues to expand.

The Federal Reserve is considering granting access to 'skinny' accounts for crypto and fintech firms, prompting congressional debate over the appropriate level of access. Lawmakers are weighing the risks associated with these accounts, which would provide direct Fed access to financial institutions.

Congress has scheduled a hearing for the Digital Asset Market Clarity Act (H.R. 3633) on July 17 in New York. The bill aims to establish a regulatory framework by assigning the CFTC authority over Bitcoin spot markets and the SEC over investment contracts. It has gained momentum in Congress with bipartisan support but faces challenges in reconciling Senate and House versions.

The CLARITY Act, formally the Digital Asset Market Clarity Act, is a proposed U.S. cryptocurrency market structure bill aimed at establishing a federal framework for issuing, trading, and regulating digital assets. It focuses on ensuring crypto firms comply with federal laws and clarifying regulatory oversight.

Crypto firms have canceled tokenized SpaceX share offerings as the SPCX token surged following a record-breaking IPO. Participants who had invested were refunded and did not receive shares in the SpaceX IPO.

Increased involvement from banks and crypto firms in the Treasury market is viewed positively, but neither can address the challenge of massive issuance.

The Federal Reserve has proposed limited master accounts, which have been long pursued by crypto firms. This proposal may have significant implications for the cryptocurrency industry. The move could pave the way for greater involvement of crypto companies in the traditional financial system.

Bermuda is promoting stablecoin payments and has announced a USDC airdrop to attract crypto firms and regulators. The move aims to establish Bermuda as a hub for cryptocurrency businesses. This initiative is part of the island's efforts to court companies in the crypto industry.

The Clarity Act allows cryptocurrency firms to offer stablecoin rewards while concealing bank yields, potentially impacting financial transparency and regulatory oversight. This legislation may influence how crypto companies structure incentives and manage financial disclosures.

Security researchers identified a new macOS malware called 'Mach-O Man' linked to the Lazarus hacking group, targeting cryptocurrency and fintech companies to steal credentials and infiltrate corporate systems.

Security researchers have linked a new macOS malware called 'Mach-O Man' to a Lazarus cyber campaign. The malware uses fake meeting invites and ClickFix prompts to steal credentials and access systems in crypto and fintech firms.