A crypto venture backed by members of former U.S. President Donald Trump’s family has applied for a U.S. national trust bank charter, seeking to operate under federal banking oversight, according to Reuters.
Barclays has taken an equity stake in Ubyx, a U.S.-based stablecoin settlement startup, according to Reuters. The investment underscores growing interest among major banks in digital payments infrastructure linked to stablecoins.
U.S. Treasury continues to emphasize reserve transparency as a core element of its oversight approach to stablecoins, as U.S. authorities advance efforts to integrate dollar-linked digital assets into existing supervisory frameworks.
European Union policymakers are sharpening their focus on how stablecoins are supervised as the bloc enters the enforcement phase of the Markets in Crypto-Assets Regulation (MiCA).
As crypto markets mature and institutional participation deepens, governments are moving in sharply different directions when it comes to regulation.
The U.S. Treasury Department has signaled that stablecoins will remain a priority area in its ongoing monitoring of financial risks, pointing to concerns around reserve transparency, market integrity, and the growing integration of digital assets with traditional finance.
Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison for fraud tied to the collapse of TerraUSD and LUNA, a failure that wiped out an estimated $40 billion in investor value, according to the Associated Press.
