Regulation

A senior PBOC official called for closer monitoring, stronger regulation and international coordination as stablecoins gain importance in global payments.

BitGo launches a MiCA-compliant crypto infrastructure platform in Europe as exchanges face pressure to meet July 1 licensing rules across the EU.

The US could soon temporarily ban a central bank digital currency, as House and Senate leaders came to a deal on the 21st Century Road to Housing Act.

“There is effectively no comparable state financial transaction tax on stocks, bonds or derivatives anywhere in the country,” said a16z general counsel Miles Jennings.

A bipartisan group of US senators told the Treasury that its application of stablecoin laws should be done in a way that “preserves and promotes State participation.”

Defend American Jobs reported spending $7.4 million on media to support Republican Barry Moore ahead of his May 19 Alabama primary, and an additional $4.7 million before Tuesday’s runoffs.

Without specifically calling out a report on Binance’s EU license, the crypto exchange warned that any rejection forcing it to delay activities in the region could “weaken liquidity” and present other potential risks.

The US Government Accountability Office says that regulators, including the FDIC, lack an “ongoing coordination mechanism for addressing blockchain risks.”

A spokesperson for the Democratic National Committee decried the move as “an opportunity to use the power of the presidency to make [Trump] and his family even richer.”