U.S. OCC seeks public comment on GENIUS Act payment stablecoin regulatory framework

Japan's Financial Services Agency supports cryptocurrency anti-money laundering pilot programs, with the participation of several well-known companies

The Japanese Financial Services Agency announced that it will support a pilot program for anti-money laundering in cryptocurrency assets, involving 13 companies including Hitachi and GMO Coin. The experiment will be conducted in 2026 to verify the effectiveness of sharing suspicious wallet address information.

Hong Kong's Financial Services and the Treasury Bureau plans to hire additional personnel responsible for AI and virtual asset regulation, aiming to investigate companies involved in virtual asset trading.

The Hong Kong Institute of Certified Public Accountants submitted the financial budget to the Legislative Council, proposing a 3.5% salary increase and the creation of 15 new positions to support regulatory work in emerging fields such as AI and virtual assets. Meanwhile, the report pointed out that virtual asset trading firms will be a focus of investigation, and auditors face multiple challenges, including verifying asset existence and valuation complexities.

SEC Chair Gensler: Missed the Opportunity for Effective Cryptocurrency Regulation, Now Working Hard to Fill the Gap

The Chair of the U.S. Securities and Exchange Commission (SEC), Atkinson, criticized the enforcement approach during former Chair Gensler's tenure, believing it hindered regulatory innovation in cryptocurrency and caused the U.S. to lose its competitive edge. Atkinson emphasized that a cryptocurrency working group will be established in the future to advance the regulatory framework for tokenized assets, and the first tokenized treasury bond money market fund has been approved. Additionally, he plans to expand into tokenized bank deposits in an effort to restore America's leadership in global crypto finance.

Cryptocurrency payments enter the UK online gambling market; FCA's 2027 comprehensive framework will determine the fate

The UK Gambling Commission is exploring the possibility of allowing cryptocurrency payments to enhance consumer protection and reduce the risk of players turning to illegal platforms. Tim Miller pointed out that compliant platforms accepting cryptocurrencies can keep players within a regulated environment. This policy requires authorization from the UK Financial Conduct Authority (FCA), which plans to implement a new regulatory framework in October 2027, with all related services required to adhere to the new regulations.

Ripple CEO says Gary Gensler apologizes for the legal battle with crypto

Brad Garlinghouse, CEO of Ripple, revealed that former SEC Chairman Gary Gensler allegedly apologized to him regarding their lengthy legal battle. This exchange reportedly occurred during a digital asset policy meeting at the White House. Ripple challenged Gensler's enforcement strategy, winning a landmark ruling in 2023 that determined XRP is not a security. The legal dispute is expected to officially conclude in early 2025.

CLARITY Bill Stablecoin Yield Negotiation Stalls, Banking Sector Pressures Senate to Halt

The U.S. CLARITY Act gained bipartisan support in the House of Representatives but stalled in the Senate, failing to meet the review and voting schedule. The main debate centers on the definition of stablecoin yield payments, with the banking industry supporting strict restrictions, while crypto companies strongly oppose. Four core issues remain unresolved, and the bill may be delayed due to the impact of the 2026 elections.