Regulatory Landscape & Harmonization - The SEC is making a complete 180-degree turn this year, removing obstacles to institutional and enterprise crypto adoption [1] - The SEC and CFTC will host a joint roundtable on September 29th to discuss regulatory harmonization priorities [2] - The agencies aim to harmonize product and venue definitions, streamline reporting and data standards, align capital and margin frameworks, and stand up coordinated innovation exemptions [4] - The new acting CFTC chair has announced an initiative to allow stablecoins to be used as tokenized collateral in US derivatives markets [5] Stablecoin & Derivatives Market - The CFTC is seeking public feedback until October 20th on valuation custody settlement and role changes needed to make tokenized collateral work [7] - Stablecoins like Oro USD (ROUSD) are poised for significant growth and adoption, potentially in the US [9] - ROUSD has nearly $50 million in total value and is held to a higher standard due to its compliance and advisory board [27] US Treasury & Digital Payments - The US Treasury is phasing out paper check disbursements and receipts, effective September 30th [11] - The Treasury will support agencies' transition to digital payment methods, including digital wallets and real-time payment systems [13] Legislative & Political Developments - US lawmakers are urging the SEC to implement President Trump's executive order, opening up the 125 trillion (12.5%) 401k retirement market to crypto [9] - The Clarity Act is crucial for digital asset growth, aiming to provide regulatory clarity [15][17] - Congress is working on market structure bills to provide certainty and direction to the SEC and CFTC [19][22]

Institutional Adoption of Bitcoin and Crypto - Clearer regulations and new accounting rules are paving the way for institutional Bitcoin and crypto adoption [1] - Banks and traditional finance (TradFi) are preparing to integrate with Bitcoin and crypto, laying the groundwork for a financial reset [1] - The banking system is undergoing a transformation expected to take approximately four years [2] Opportunities and Conviction - Large, risk-averse organizations will gradually adopt Bitcoin and crypto [3] - Financial institutions are potentially missing out on trillions of dollars of opportunities by not engaging with Bitcoin and crypto [3] - The industry aims to convince 10% to 20% of financial institutions to get involved [3]

Adoption of XRP and Ripple's Technology - Many big banks are working with Ripple, but aren't using XRP at scale [1][2][3][4][5] - Ripple's customer list spans over 500 entities, yet XRP's price isn't parabolic [11] - Some banks are using Ripple payments or custody solutions, but the use case value of XRP is limited [2] - DBS Bank is using the XRP ledger for tokenized collateral and stable coins [7][8] - BBVA is using Ripple for custody, which involves tokenization [9][10] Regulatory Landscape - The Ripple SEC case being wrapped up in early August has eased concerns, but doesn't fully unlock XRP adoption [4][12][13] - Crypto's unregulated status is a major obstacle to XRP adoption at scale [14][19][26] - Market structure legislation for digital assets is needed to ensure the US becomes the crypto capital of the world [15][16][27] - The Genius Act, signed into law, led to a massive inflow of players launching their own stable coins [18][19] - The Ethereum and crypto market structure bill is expected to pass by the end of the year [19][20] Future Outlook - Passing the market structure bill will unlock innovation and allow big players to tap into crypto technologies [27][28] - Regulations are the number one reason why big institutional players are waiting on the sidelines [35][36] - Utility-based projects like XRP need crypto clarity and full regulation to be adopted by big banks [25][26]

US and UK team up to create crypto focused task force to guide future regulations https://t.co/YC2ANmzM3V ...

Regulatory Updates - IRS 发布了关于强制性 Roth 补缴缴款的最终规定 [1]

Regulatory Landscape - The European Commission is acting to align sustainable investing regulations with efforts to boost capital into the defense industry [1] Industry Focus - The focus is on preventing conflicts between regulations supporting sustainable investing and the need to fund the defense industry [1]

Regulatory Updates - IRS issues final regulations for mandatory Roth catch-up contributions [1] Source Information - The information is available at the provided URL [1]

Regulatory Focus - The SEC and CFTC are collaborating on regulations for DeFi, perpetuals, event markets, and 24/7 trading [1] - The U S is focused on modernizing regulations for crypto-native markets, with an accelerated timeline [1] Key Areas of Regulation - Regulations will cover clearing, margin, and reporting [1]

Global or local — how do you see Web3 regulations shaping the future? 🌍⚖️Coinfest Asia (@CoinfestAsia):Global Protocol, Local Rules: Navigating Web3’s Regulatory Maze at Dome Stage.Nenter Chow (@50Nent) - Global CEO @BitMartExchangeJing Wei - President Commissioner of @Koinsayang, CEO of @OSLPayAngela Ang (@policyfoodie) - @trmlabsChengyi Ong - @chainalysisAsih https://t.co/jJzSBA6WTY ...

The process of ever-closer regulations https://t.co/2bQp5rxMiM ...