Illinois backs delay to crypto tax rule after months of industry pushback
Illinois officials have joined crypto industry groups in seeking a six-month delay to the state’s controversial digital-asset tax. The agreed motion, filed Oct. 1 in Sangamon County, asks a judge to postpone the levy’s Jan. 1 start until July 1, 2027,…
El Salvador’s $666 million Bitcoin reserve survives IMF review
El Salvador secured access to $138 million from the IMF while recommitting to limits on further state Bitcoin accumulation. The International Monetary Fund (IMF) completed the second and third reviews of the country’s $1.4 billion loan program on Oct. 1,…
Bankers sue to overturn OCC trust-bank rule used by crypto firms
The Independent Community Bankers of America sued the OCC in federal court in Washington on Oct. 2, two weeks after the agency approved Agora National Trust Bank, Catena Trust Bank and Bastion Platforms. American Banker reported that the complaint asked…
ESMA proposes ending EU custody and transfer services for non-compliant stablecoins
The European Securities and Markets Authority wants to extend Europe’s restrictions on non-compliant stablecoins beyond trading to the services that let customers keep and move them. If adopted as proposed, the change would remove the option of leaving…
New SEC crypto rules threaten small advisers, but big firms win
The US Securities and Exchange Commission’s proposed crypto custody fallback could broaden investment choices while making them easier for larger advisers to offer. The agency’s economic analysis says the expense of safeguarding assets and arranging…
Fed guarantees 2-day stablecoin payouts, but $76B remains blocked
The Federal Reserve’s stablecoin proposal would put a general two-business-day limit on redemption by issuers it supervises. For a customer holding stablecoins at an exchange, the first step is getting that venue to release or convert the balance.…
SEC clears regulatory hurdle as crypto token buybacks hit record $638 million
Crypto projects spent about $638 million with token buybacks through late August 2026, according to Allium Labs data. That is already a record, up from $545 million over the same stretch of 2025. Hyperliquid accounted for roughly $370 million and…
Fed proposed stablecoin rule could trigger a 48-hour liquidation run
The Federal Reserve’s proposed rules for the payment stablecoin issuers it supervises include a crisis clock measured in hours. An issuer whose reserves fall below the value of its outstanding tokens would have 24 hours to notify the Fed and submit…
Why newly granted federal approval won’t save these 3 crypto banks
The Office of the Comptroller of the Currency advanced three stablecoin-focused firms toward federal trust-bank status on Sept. 18, using a recognizable regulatory perimeter across the decisions for Agora, Catena and Bastion. The decisions strengthen the…
EU staking review threatens crypto yields and network security could pay the price
Some of the most consequential financial rules begin with surprisingly little text. For example, on page 36 of the European Commission’s current MiCA review, item 66 asks whether Europe’s treatment of staking is adequate and, if it…