ICBA Sues OCC Over National Trust Charters for Crypto Firms
The community banking association ICBA has challenged in federal court the OCC’s authority to grant national trust charters to crypto firms and other nontraditional entities.
Tag cryptocurrencies
U.S. Sanctions A7 Network as FinCEN Proposes Restrictions on Subagent Transfers
The U.S. Department of the Treasury designated A7 Network as a significant transnational criminal organization. FinCEN also proposed a rule targeting transfers involving the network’s subagents.
Microsoft’s X Account Hijacked to Promote Clippy-Themed Crypto Account
Microsoft confirmed unauthorized access to the @Microsoft account on X. The attackers used it to share content from an account posing as Clippy.
Bitcoin Tops $85,500 After PCE Data, Then Falls Back to $84,000
Bitcoin briefly topped $85,500 after the August PCE data. It later retreated to around $84,000, according to CoinDesk, while yields on longer-term U.S. bonds rose.
CFTC Registers Coinbase Clearing LLC as a Derivatives Clearing Organization
The U.S. CFTC has registered Coinbase Clearing LLC as a DCO. The entity may clear fully collateralized futures, options on futures, and swaps.
Bitget Resumes BTC Withdrawals After Security Incident Involving Approximately $388 Million
Crypto exchange Bitget has resumed Bitcoin withdrawals following an incident involving its hot and warm wallet infrastructure. Further withdrawals are expected to resume gradually by October 2.
Zano Restores Blockchain Before Hard Fork 6 After Vulnerability
The Zano project released an emergency version that rolls the chain back to block 3,833,000 from August 26, 2026, before Hard Fork 6 was activated. Approximately one month of transactions has been removed from the canonical history.
Bitwise NEAR ETF SEC Registration Effective; NRR Trading Not Yet Confirmed
Bitwise NEAR ETF registration became effective on September 24, and NYSE Arca approved the listing application. The start date for trading under the NRR symbol has not been announced.
Token Buybacks: SEC Staff Issues New FAQ
Staff in the SEC’s Division of Corporation Finance clarified how token buybacks may factor into analysis under federal securities laws. However, the FAQ is neither a binding rule nor a general determination of tokens’ nature.
After CLARITY Act setback, U.S. regulators take further steps in crypto sector
The Senate did not advance the CLARITY Act proposal, while the SEC, CFTC and Federal Reserve took separate steps concerning tokenized stocks, the cryptoasset market and stablecoins.