Hong Kong, Thailand, and the Marshall Islands are exploring tokenized debt instruments and administering social benefit programs onchain.

Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill.

Certain assets, like equity in a qualifying start-up company and physical property used for non-investment, were exempt from the 36% tax.

Delaying the CLARITY market structure bill until 2027, after the US midterm elections, may significantly reduce its chances of passage, the Treasury Secretary said.

Traditional risk-weightings and models cannot account for crypto's high volatility or market behavior, according to a Federal Reserve paper.

The platform is aimed at capturing a fraction of the more than $9.6 trillion in daily trading volume in the foreign currency exchange market.