CoinTelegraph reports on a proposed US accounting change for stablecoins, an FSB letter warning G20 officials about stablecoin oversight gaps and AI risks, and XRP Ledger developers defending a September emergency patch that bypassed the usual vote.
Developers said a normal two-week validator vote would have left the flaw exposed, marking the first deliberate bypass of the amendment process in more than ten years.
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The Bank of England has dropped proposed caps on individual and corporate stablecoin holdings, replacing them with a temporary £40 billion issuance ceiling per systemic stablecoin. The policy adjustment, which also relaxes reserve backing rules to bolster issuer economics, follows industry and parliamentary objections ahead of full U.K. crypto regulations in 2027.
The SEC advanced regulations permitting investment advisers and funds to custody crypto assets under defined conditions, establishing a regulatory path following the Clarity Act blockage last month.
Citi and Coinbase launched a stablecoin integration that hides all crypto elements from business users. Bitcoin ETFs recorded modest inflows while Strategy added 1,665 BTC to reach record holdings.
California Governor Gavin Newsom signed legislation barring public officials from issuing memecoins and prohibiting companies from using officials' likenesses in such coins. The rules were motivated by reports of roughly one million investors losing an alleged $3.8 billion on a 2025 presidential memecoin.
Reports of Ledger hardware wallet tampering have spread to Europe, though Ledger has not confirmed the European case, and an AI-assisted review uncovered a dormant XRP minting flaw. The incidents highlight ongoing hardware and protocol risks in crypto.
