🇺🇸 LATEST: The SEC Crypto Task Force met with NYSE and Intercontinental Exchange to discuss crypto regulation including crypto derivative products and tokenized equities trading. https://t.co/3IzYwKG6Qj ...

Group 1: Robinhood Performance - Robinhood shares surged over 12% to an all-time high, driven by CEO Vlad Tenev's announcement of surpassing 4 billion event contracts traded on its prediction markets [4][9] - Analysts from Piper Sandler cited the growth in prediction markets as a reason for raising their price target on Robinhood's stock [4] Group 2: Market Overview - Major U.S. equities indexes experienced modest gains, with the S&P 500 advancing 0.3%, the Dow increasing by 0.2%, and the Nasdaq rising by 0.5% [3] - The overall market sentiment was influenced by the potential implications of a government shutdown later in the week [3] Group 3: Other Notable Stock Movements - Shares of Western Digital rose by 9.2% following price target increases from Morgan Stanley and Rosenblatt Securities, attributed to growing demand for hard drives in support of artificial intelligence [5] - Coinbase Global's shares gained 6.8% as the price of Bitcoin and other major cryptocurrencies increased, with regulatory clarity around crypto being advocated by SEC Commissioner Hester Peirce [6] - AppLovin's shares jumped 6.3% to a record high after Morgan Stanley raised its price target, highlighting the upcoming launch of Axon Ads Manager [7] Group 4: Negative Stock Movements - Shares of Vistra fell by 4.5% after announcing a power supply agreement for its Comanche Peak nuclear facility, raising concerns due to a lack of information about the buyer [11] - Carnival's shares dropped 4% despite reporting strong bookings, as the company issued a lower-than-expected forecast for net yields [12] - Williams-Sonoma's shares sank 4.7% following President Trump's announcement of potential tariffs on imported furniture, negatively impacting businesses reliant on imports [10]

For more than a century, the United States and the United Kingdom have been amongst the most influential nations in finance, working together to create the playbook for global trade and markets. Today, that partnership is entering a new phase as both countries commit to closer cooperation on digital assets—a gambit that could further entrench Washington and London at the vanguard of global finance, even as hubs like Singapore and Dubai emerge as formidable challengers. This latest U.S.-UK tie-up comes via ...

This week marked a key moment for crypto regulation, with transatlantic cooperation advancing, U.S. lawmakers clashing over market structure, and regulators weighing exemptions that could reshape the digital asset industry. Here’s what you need to know. UK–US Launch Transatlantic Crypto Task Force The UK and the U.S. have announced the formation of the Transatlantic Task Force for Markets of the Future, designed to strengthen regulatory cooperation on digital assets and capital markets. Revealed during ...

BREAKING: 🇺🇸🇬🇧 THE US AND UK HAVE LAUNCHED A JOINT TASK FORCE TO COORDINATE ON #CRYPTO REGULATION.GIGA BULLISH !!🚀 https://t.co/YH9BMYxOtI ...

Core Viewpoint - The debate over cryptocurrency regulation in India reveals a significant divide between the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI), with SEBI open to oversight while RBI opposes legitimizing digital assets [1][6] Regulatory Perspectives - The RBI argues that regulating cryptocurrencies may inadvertently legitimize them, posing systemic risks to the financial system, and highlights challenges posed by the decentralized nature of digital assets [2][5] - SEBI is willing to regulate crypto assets that resemble securities, proposing a multi-agency framework for oversight, which aligns with international regulatory models [3][5] Policy Landscape - India has not yet established a comprehensive law for cryptocurrencies, limiting actions to taxation and anti-money laundering measures, with a legislative framework stalled due to RBI's resistance [4][5] - The lack of clarity on regulatory authority creates uncertainty for investors and firms, hindering expansion and investment in the crypto sector [5][6] Global Context - India's regulatory stance is under global scrutiny due to its large retail investor base and potential influence on how emerging markets balance financial innovation with systemic stability [6]

Core Viewpoint - The UK's Financial Conduct Authority (FCA) is initiating a consultation to establish minimum standards for cryptocurrency firms to enhance oversight in a sector that has been challenging to regulate [1][2] Group 1: Regulatory Measures - The proposed measures aim to promote sound business practices similar to those required of traditional financial firms, including operational resilience and systems to combat financial crime [1] - The FCA's consultation is part of a broader effort to improve the competitiveness of the UK crypto sector while tightening oversight, as London has lost its position as a crypto hub to places like Dubai and Singapore [2][3] Group 2: Scope of Regulation - The consultation follows a draft Statutory Instrument from the Treasury that aims to bring crypto activities under the Financial Services and Markets Act, expanding the FCA's authority to include stablecoin issuance and custody of cryptoassets [3] - Proposed regulations will include lighter requirements for senior managers and technology outsourcing, reflecting the smaller systemic footprint of crypto firms compared to banks, while imposing stricter standards for unique risks such as cyber attacks [4] Group 3: Industry Criticism - The UK's regulatory approach has faced criticism for being disjointed and overly restrictive, with specific proposals like the Bank of England's stablecoin ownership cap being labeled as unnecessary by industry players such as Coinbase [5]

The U.K.'s Financial Conduct Authority (FCA) has plans to waive some of its rules for cryptocurrency companies, according to a Financial Times (FT) report on Wednesday. However, in another areas the FCA intends to tighten the rules where they pertain to industry-specific risks, such as cyber attacks. The financial watchdog wishes to adapt its existing rules for financial service companies to the unique nature of cryptoassets, the FT reported, citing a consultation paper published Wednesday. "You have to ...

Today, Bitcoin climbs following an encouraging inflation reading. NASDAQ plans to invest $50 million in a partnership with crypto exchange Gemini. And Sylvia Fredo, general counsel of Miston Labs, weighs in on regulatory advancements for crypto in the US.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies are in the green as of midday and the S&P 500 jumped to a new record after a reading on wholesale prices unexpectedly dropped.A welcome development for investors vying for a Fed rate c ...

Core Viewpoint - India is opting for partial oversight of the crypto sector rather than a comprehensive law, due to concerns about systemic risks associated with integrating digital assets into the mainstream financial system [1][2][6] Regulatory Environment - The Reserve Bank of India (RBI) has expressed skepticism about effective regulation, suggesting that legitimizing cryptocurrencies could lead to wider adoption and systemic risks [2][6] - The government has implemented heavy taxation, including a 30% tax on profits and a 1% tax deducted at source on transactions, which has significantly reduced domestic trading volumes [3][4] - Global exchanges can operate in India if registered with the Financial Intelligence Unit, as demonstrated by Bybit's resumption of services after paying a penalty [3] Market Dynamics - Despite regulatory restrictions, crypto adoption in India remains strong, with an estimated $4.5 billion held in digital assets [4] - The current regulatory framework is designed to discourage speculative trading and penalize fraud, contributing to India's leading position in the global crypto adoption index [4][7] Concerns about Stablecoins - The government has raised concerns regarding stablecoins, noting their vulnerability to market shocks and potential to disrupt domestic payment systems, particularly the Unified Payments Interface (UPI) [5] - The growth of stablecoins, often pegged to the U.S. dollar, could pose challenges to global financial stability [5] Future Outlook - India is maintaining a cautious approach by tightening oversight without granting legal recognition to digital assets, which could make them systemic [6]