News topic
Stablecoin regulation
Rules and enforcement affecting stablecoin issuers and distribution.
Image: crypto.newsCircle Expands Regulatory Footprint with New York Trust Charter Following Federal Approval
According to reporting by crypto.news, stablecoin issuer Circle has secured a limited-purpose trust charter for Circle New York Trust from the New York Department of Financial Services. This state-level authorization complements a recent federal trust bank approval from the Office of the Comptroller of the Currency. The development is not officially confirmed by independent regulatory dockets.
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Stablecoin regulation
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crypto.newsCircle Expands Regulatory Footprint with New York Trust Charter Following Federal Approval
According to reporting by crypto.news, stablecoin issuer Circle has secured a limited-purpose trust charter for Circle New York Trust from the New York Department of Financial Services. This state-level authorization complements a recent federal trust bank approval from the Office of the Comptroller of the Currency. The development is not officially confirmed by independent regulatory dockets.
theblock.co via LBankCircle Secures NYDFS Trust Charter, Adding State Layer to Federal USDC Oversight
According to reporting by LBank News and The Block, USDC issuer Circle has secured a limited-purpose trust charter from the New York Department of Financial Services for Circle Internet Trust Company, expanding the regulatory foundation for its stablecoin. This development has not officially confirmed by an independent governmental regulator directly at the time of publication.
crypto.newsCLARITY Act Receives Police Endorsement Amid Ongoing Disputes, Passage Odds Drop to 30%
According to crypto.news, the Major Cities Chiefs Association has endorsed the latest draft of the CLARITY Act, marking a significant shift in law enforcement attitudes toward U.S. crypto regulation. However, unresolved disputes concerning political ethics, DeFi developer protections, and stablecoin reward restrictions continue to threaten the bill’s passage before the Senate recess. The probability of the bill becoming law in 2026 is estimated at 30% by Polymarket traders, but this figure is not officially confirmed. The report remains based on media coverage and has not been verified by official sources.
crypto.newsOstium Reports $23.75M USDC Exploit Originated from Off-Chain Breach, Not Smart Contract Flaw
According to crypto.news, Ostium has stated that its July exploit, which resulted in the loss of $23.75 million USDC, was caused by a breach in its off-chain infrastructure rather than a vulnerability in its smart contracts. The attacker manipulated price reporting mechanisms to drain funds from the protocol’s liquidity vault. This finding is not officially confirmed and is based solely on media reporting, with no verification from Ostium or any official source. The incident highlights risks associated with off-chain components in DeFi protocols.
crypto.newsSouth Korea Considers Interim Stablecoin Licensing Amid Crypto Law Delay (not officially confirmed)
A policy report published by Hashed Open Research and the Solana Policy Institute, as covered by crypto.news, recommends that South Korea introduce interim stablecoin licensing and phased regulatory guidance before lawmakers finalize the Digital Asset Basic Act. The report, which is not officially confirmed, urges a staged approach to stablecoin rules, addressing issuance, payments, and foreign tokens. It also discusses ongoing debates about bank ownership and fintech management, as well as the consolidation of ten pending proposals into a single government-backed bill. These recommendations reflect symposium participants’ views and do not constitute current law or official policy.
crypto.newsPatrick Witt Responds to Banking Leaders Amid CLARITY Act Senate Delays
According to crypto.news, White House crypto adviser Patrick Witt publicly criticized 134 banking leaders who advocated for stricter stablecoin reward restrictions as the CLARITY Act’s passage odds fell to a record low due to Senate delays. The report, not officially confirmed, details Witt’s challenge to banks over their demands and highlights the ongoing legislative uncertainty surrounding stablecoin regulation in the United States.