Regulation

BitMEX Co-Founder Ben Delo Gives Reform UK £4 Million More

BitMEX Co-Founder Ben Delo has donated an additional £4 million to Reform UK, increasing his total contributions to the party this year to £8 million. These cash payments, made in April, represented 75% of the party's total donations for the period, surpassing Labour's fundraising. The donations adhered to new regulations regarding donor electoral registration and were not made in cryptocurrency, aligning with the recent UK ban on such political contributions.

BitMEX Co-Founder Ben Delo Gives Reform UK £4 Million More

BitMEX Co-Founder Ben Delo has donated an additional £4 million to Reform UK, increasing his total contributions to the party this year to £8 million. These cash payments, made in April, represented 75% of the party's total donations for the period, surpassing Labour's fundraising. The donations adhered to new regulations regarding donor electoral registration and were not made in cryptocurrency, aligning with the recent UK ban on such political contributions.

Bank of England set for new innovation mandate covering stablecoins

The UK government is establishing a new mandate for the Bank of England to foster innovation in digital payments, particularly stablecoins. This initiative will introduce a secondary objective for the central bank, focusing on emerging digital money and payment systems. The Bank of England’s primary objective of financial stability will remain paramount. This development is part of broader UK efforts to integrate stablecoins through regulatory changes and international collaboration. The Bank of England set for this new mandate is expected to undergo parliamentary debate in September. The central bank will report annually to Parliament on its progress in payments innovation. Concerns exist regarding the impact of current stablecoin reserve requirements on commercial viability. The UK has also been involved in experimental stablecoin initiatives and joint statements with the US on cross-border stablecoin use. The Bank of England has adjusted previous stablecoin holding limits, implementing a temporary issuance cap for systemic stablecoins.

US Treasury Advances Stablecoin Regulation Under GENIUS Act

The US Treasury has initiated a public comment period for proposed rules related to the GENIUS Act, aiming to regulate payment stablecoins. The act is set to take effect in January 2027, despite some agencies missing regulatory finalization deadlines. This move seeks to provide regulatory clarity, requiring licenses for stablecoin issuers once implemented.

CFTC and SEC Advance Crypto Regulatory Discussions Amid Legislative Stasis

The CFTC and SEC are independently exploring cryptocurrency regulation amid congressional inaction, with key meetings scheduled to address policy frameworks and potential new rules.

Crypto Braces for a Pivotal Week: CLARITY Act, Warsh Testimony and Inflation Data

The backdrop is fragile. Bitcoin is stuck near the 60,000 USD range, down roughly 30 percent on the year and more than 50 percent below its October record.

SEC Unveils Regulation Crypto: Startups Could Skip Full Registration for Four Years

The US Securities and Exchange Commission is preparing its first crypto-specific rulebook.

The Genius Act Turns One Year Old on July 18 – Here is What Us Stablecoin Law Actually Changed

The law passed with strong bipartisan support - 68 to 30 in the Senate and 308 to 122 in the House.

Standard Chartered Projects $8 Billion Into Xrp Etfs If Clarity Act Passes Senate by July 4

The CLARITY Act's most important effect would not be immediate price momentum but legal permanence.