South African lawmakers propose draft rules on cross-border crypto transactions
A draft rulebook proposes that sending crypto offshore must be conducted through an authorized provider and be reported to the central bank’s FinSurv.…
Coldcard’s 5-year flaw reveals hardware wallet testing gap: Kraken’s security chief
The fiveyear bug escaped detection because auditors verified that the intended random number generator existed, but not that it was being called.…
Circle secures New York trust charter as crypto regulatory push accelerates
The approval lets the USDC issuer offer fiduciary and custody services under New York banking law. Source：CoinDesk
Circle receives New York trust charter for subsidiary
The New York trust charter allows Circle’s subsidiary to provide fiduciary and custody services under state banking law. Source：Cointelegraph
‘It’s like buying a lottery ticket’: Fidelity asked for my former sister-in-law’s death certificate. Does this mean I’m due a windfall?
“You never know, maybe I’ll win.” Source：MarketWatch
New York sues Kalshi over alleged illegal gambling operation
The lawsuit adds to a growing clash between New York and the CFTC over whether federally regulated prediction markets are subject to state gambling laws.…
Major bitcoin wallet flaw drains 594 BTC in 25-minute sweep
A hardware wallet randomness bug turned “impossible to guess” seeds into guessable ones, and $38 million is already gone. Source：CoinDesk
US Senators sent revised ethics rules to White House for CLARITY Act: Report
The window to pass a comprehensive crypto market structure bill before the Senate breaks for a monthlong recess is closing, with ethics a dividing issue for…
Social Security’s biggest problem isn’t a design flaw. It’s a missing trust fund.
Should policymakers look beyond the payroll tax to cover this share of the deficit? Source：MarketWatch
South Korea report proposes stablecoin rules before crypto law
Policy report recommends interim licensing guidance, greater flexibility for stablecoin issuers and rules ahead of the Digital Asset Basic Act.…
Tennessee county passes another ban on crypto operations
A group of 12 county commissioners voted unanimously to ban mining facilities and data centers in unincorporated areas as it deals with a lawsuit by a digital…
US prosecutors propose changes to CLARITY as voting window narrows: Report
A White House crypto adviser said that the proposed changes to the CLARITY Act were “not even close” to the administration’s position, signaling another fight…