Le Coin / Protocols & Policy
Section
Protocols & Policy
Rules and the agencies that write them.
Protocols & Policy
Ethereum developers delay next upgrade's test run over risks to user funds
Core developers called off the Oct. 26 activation on the Hoodi testnet so they can study how EIP-8037's gas changes interact with existing contracts. No new date is set, the Ethereum Foundation says.
Protocols & Policy
State securities regulators urge SEC to withdraw its crypto offering rule
NASAA's Oct. 20 comment letter says the SEC's proposed Regulation Crypto Assets lacks investor protections and exceeds the agency's power to override state law.
Protocols & Policy
J.P. Morgan's asset manager puts two cash funds on Solana
J.P. Morgan Asset Management says its tokenized money market funds MONY and JLTXX, the second built for stablecoin issuers' reserves, are now available on Solana to qualified U.S. investors.
Protocols & Policy
Circle shareholder sues Trump over $2 billion in UAE-linked crypto deals
The suit, brought on Circle's behalf, alleges the deals broke the Constitution's ban on taking payments from foreign governments; Circle says it did not start the case, and World Liberty calls the claims without merit.
Protocols & Policy
X hides Polymarket's account from users in India
X's own account data lists India as the one country where Polymarket's account is withheld; what prompted it is not public.
Protocols & Policy
Irish central bank fines Coinbase's e-money arm €3.25 million over customer-money safeguards
The Central Bank of Ireland says Coinbase Ireland Limited let the account meant to protect customer funds run short for lengthy periods; Coinbase Ireland admitted the breaches, and the fine awaits High Court confirmation.
Protocols & Policy
Kalshi affiliate lends dollars against crypto to back perpetual futures trades
A Kalshi lending arm will make dollar loans secured by bitcoin, ether or eligible stablecoins held at BitGo's trust bank, to fund margin on KalshiEX perpetual futures; the release says neither the lender nor the loans are regulated by the CFTC or NFA.
Protocols & Policy
Starknet holders back study of a quantum-safe network of its own
In a non-binding Snapshot poll that closed Oct. 22, 93.5% of voting power backed researching whether Starknet should become an independent post-quantum blockchain; no move has been approved.
Protocols & Policy
Solana payments now aim to settle for good in under a second
Solana's Alpenglow upgrade went live on Oct. 21, cutting the time before a transaction can't be reversed from about 12.8 seconds to a target of about 150 milliseconds, according to the Solana Foundation.
Protocols & Policy
UK regulator asks how crypto rules apply to code-run finance apps
The FCA has opened a consultation on guidance for regulated firms that use decentralised finance, covering operational resilience and money-laundering controls. It is a draft for comment, not new rules.
Protocols & Policy
France asks Europe to tighten crypto rules for stablecoins and trading platforms
France's finance ministry, market regulator and central bank want the EU's MiCA review to police stablecoins issued inside and outside Europe, bar services on non-compliant coins and put DeFi risk on identifiable firms. These are proposals, not law.
Protocols & Policy
Bank regulator sets stablecoin rules that take effect January 18
The OCC's final GENIUS Act rule tells banks and would-be issuers how to run a dollar stablecoin, drops a proposed test on yield payments through partners, and leaves money-laundering rules and the application window for later.
Protocols & Policy
Malaysia's central bank moves bond settlement onto round-the-clock digital rails
Bank Negara Malaysia's new SSDS+ platform records tokenised bonds and sukuk on a shared ledger and links to a 24/7 payment system that settles in central bank money, though no issue has been announced on it yet.
Protocols & Policy
Utah sues Kalshi and Susquehanna, calling its contracts illegal gambling
After winning in federal court, Utah's attorney general has taken Kalshi and its trading partners to state court, seeking an injunction and the return of fees.
Protocols & Policy
Banks and crypto firms split on stablecoin copies in Treasury comments
Bank groups want Treasury's GENIUS Act rule to stop wrapped stablecoins from slipping past it; crypto and payments firms want bridging judged by what holders actually own.
Protocols & Policy
Microsoft, Alphabet and Goldman Sachs join objectors to tokenized stock copies
The ICE and OKX venue's Oct. 19 notice lists 16 companies refusing tokenized versions of their shares, up from nine four days earlier. All seven new names were on its planned menu.
Protocols & Policy
Switzerland approves its first bitcoin ETF, a fund that holds the coins
FINMA cleared a Swiss retail fund that invests directly in bitcoin, a different wrapper from the crypto ETPs that Swiss exchanges already admit, and waived its diversification rules for bitcoin only.
Protocols & Policy
Germany's savings banks start rolling out crypto trading in their banking app
DekaBank's "Krypto – powered by Deka" puts five cryptocurrencies inside the Sparkasse app, rolling out bank by bank over the coming months at 0.99 euros an order.
Protocols & Policy
Ramp seeks a crypto custody charter as bankers sue to block such charters
The spend-management company has applied to the OCC for a national trust bank. Community bankers want a judge to throw out the rule behind those charters.
Protocols & Policy
CFTC says CME's own volumes sink its suit over crypto perpetuals
CME is suing its regulator to have crypto perpetuals treated as swaps. The CFTC's reply says CME's crypto futures volumes rose after the policy, so CME has no injury to sue over.
Protocols & Policy
Solana's Alpenglow upgrade will shrink its activity numbers by design
Alpenglow is scheduled to activate on Oct. 21 and takes validator votes out of blocks, so transaction counts will fall without any fall in use.
Protocols & Policy
Hyperliquid-backed group urges SEC to adopt its crypto token-sale rules, with five changes
The Hyperliquid Policy Center backs the SEC's proposed token-offering rules but says they leave open whether those tokens can trade on onchain protocols. Comments close Oct. 20.
Protocols & Policy
Cobo will charge 2% monthly on coins left in its closing app
Cobo is shutting its Cobo Wallet app on Dec. 1 (UTC+8), 11 a.m. ET Nov. 30, and says users who miss the Nov. 30 withdrawal deadline will be deemed to have agreed to a monthly fee.
Protocols & Policy
Japan's three megabanks finish a joint yen stablecoin payments test
SMBC, Mizuho and MUFG say a July trial confirmed that several banks can issue one yen stablecoin together and use it for cross-border company payments.
Protocols & Policy
Australia's ASIC proposes custody, trading and capital rules for crypto platforms
Consultation Paper 392 sets out draft standards for platforms that will need licenses when Australia's digital asset law starts on April 8, 2027. Comments close Nov. 27. Treasury separately released draft crypto tax-reporting law.
Protocols & Policy
Network School is acquiring Farcaster, nearly nine months after Neynar bought it
A post by Neynar's Rish, recast by the official Farcaster account, says Neynar is transferring the Farcaster app, protocol repositories and related products to Network School. The official Farcaster account has cast an onchain vote for a new 'social smart contract.'
Protocols & Policy
Sweden's Riksbank asks lawmakers to prepare for a possible digital krona
In a letter dated Oct. 7 and published Oct. 15, Sweden's central bank told parliament's finance committee it should start a public inquiry into the laws a digital krona would need, citing security, the digital euro and stablecoins.
Protocols & Policy
Arbitrum Foundation offers ARB incentives to apps that adopt USDG
Protocols with at least $1 million in stablecoins that make Paxos-issued USDG their primary stablecoin on Arbitrum may be eligible for incentives, and the first 10 to reach $10 million in USDG get 200,000 ARB each.
Protocols & Policy
Ledger orders resellers to keep wallets off shelves after implant attack
Ledger's authorized sellers must keep its devices off shelves and displays, hand them over only at purchase and report unusual products, the company said Oct. 15 in a blog post on the attack.
Protocols & Policy
EU banking regulator names USDC first significant e-money token
The European Banking Authority will take over parts of the supervision of Circle's EU issuer from France's ACPR from Nov. 12, under MiCA's rules for significant tokens.
Protocols & Policy
Brooklyn prosecutors and FBI dismantle crypto scam network aimed at Russian speakers
The Brooklyn DA's Virtual Currency Unit says it seized or disrupted 241 scam domains and 112 servers behind an investment fraud that stole an estimated tens of millions of dollars.
Protocols & Policy
Babylon proposes native bitcoin as collateral on Aave V4
An Aave governance proposal from Babylon Labs would let holders borrow stablecoins against BTC locked in Bitcoin vaults. It still needs a Snapshot vote and an AIP.
Protocols & Policy
Coins.ph says Philippine central bank ordered tighter controls; peso deposits shut
The Philippine crypto exchange says the Bangko Sentral ng Pilipinas directed it to improve internal controls, that peso cash-ins over InstaPay and PESONet are paused, and that user funds are safe.
Protocols & Policy
Ledger pulls devices in seven Asian markets, finds no tampering in Germany
Ledger asked resellers in Southeast Asia and Hong Kong to stop selling its wallets during its CryptoBilis implant investigation, and said on Oct. 14 that its security team found no tampered units in German retail and distributor stock.
Protocols & Policy
StarkWare's OffMarket lets Polymarket traders hide which wallet funds their bets
The web app parks USDC in a zero-knowledge pool on Starknet, then bridges it to a fresh Polygon wallet for each bet. The trades stay public on Polymarket; what it hides is who funded them. An auditing entity holds every user's viewing key in escrow, and U.S. persons are barred.
Protocols & Policy
Perpetuals.com files notice for 24/7 tokenized-stock venue under SEC exemption
A 34-page notice published Oct. 14 says Kephas Corp., a Perpetuals.com subsidiary, plans to trade tokenized NMS stock against USDC in permissioned AMM pools on its own Ethereum-compatible Layer 2. No trading has started, and no stocks, tokenizers or liquidity providers are named yet.
Protocols & Policy
Polygon Labs completes Coinme purchase, gaining 37 U.S. money-transmitter licences
Polygon Labs says it has closed its acquisition of Coinme, a U.S.-licensed crypto payments company, months after the Q2 2026 target it set in January, when it priced the Coinme and Sequence deals together at more than $250 million, a week after state regulators ordered Coinme to pay $2.5 million and approved the change of control.
Protocols & Policy
Cboe BZX opens a generic path for options on multi-crypto trusts
A Sept. 29 filing the SEC published on Oct. 13 lets Cboe BZX list options on commodity-based trusts that hold more than one crypto asset, under the same style of generic criteria Cboe Options already uses, once each coin clears a $700 million supply-value test and a surveillance-sharing hook.
Protocols & Policy
Amber scraps WhaleFin deal; Hong Kong exchange licence bid to be withdrawn
In a 6-K filed Oct. 14, Nasdaq-listed Amber International says WhaleFin Markets will no longer pursue its pending SFC application for Type 1 and Type 7 licences to run a virtual asset trading platform, and its planned purchase of WhaleFin HK will not proceed.
Protocols & Policy
OCC says all nine largest banks had debanking policies, crypto among targets
The Office of the Comptroller of the Currency's final debanking report, released Oct. 14, says JPMorgan Chase, Bank of America and seven other large national banks restricted lawful sectors from 2020 to September 2025. Digital-asset firms were one of six sectors named. The report imposes no new rule.
Protocols & Policy
CFTC opens comment on rules for leveraged retail crypto trading
An advanced notice of proposed rulemaking published in the Federal Register on Oct. 13 asks how Dodd-Frank's retail commodity provision should cover leveraged, margined or financed crypto trades, with comments due Dec. 14, 2026.
Protocols & Policy
Ondo says it passed $3 billion in tokenized Treasuries as its USDY edges past BlackRock's BUIDL
Ondo says it now manages $3 billion in tokenized U.S. Treasury products. RWA.xyz data confirm that its USDY token, at about $2.31 billion, is larger than BlackRock's $2.20 billion BUIDL fund.
Protocols & Policy
NFL tells Supreme Court Kalshi's sports contracts are not swaps, backing New Jersey
In an Oct. 8 amicus brief in Flaherty v. KalshiEX, No. 26-299, the National Football League asks the justices to hear New Jersey's appeal and side with the Sixth and Ninth Circuits, which held that sports event contracts fall outside the federal definition of a swap.
Protocols & Policy
Strategy says big-bank bitcoin adoption rose to 34% in its own index
Strategy's Bitcoin Banking Adoption Index, posted to its investor relations page on Oct. 12, scores 25 banks and puts Fidelity first at 77%. The company scores itself into the method: three of the 15 dimensions score lending against its MSTR stock and STRC preferred, or products built on STRC.
Protocols & Policy
Kraken says it has full market approval from Dubai's crypto regulator
Kraken's parent Payward says Dubai's Virtual Assets Regulatory Authority gave it Full Market Approval, and VARA's public register shows an active licence for Payward FZCO, issued Oct. 6, for two activities.
Protocols & Policy
Bank of Korea governor says won-stablecoin issuers will be bank-led, with banks holding 50% plus one, 'as agreed'
Governor Shin Hyun-song told lawmakers on Oct. 12 that won-stablecoin issuance would start with bank-led groups, as had been agreed, according to NATV's broadcast of the hearing, nine months after Korea's financial regulator said issuer ownership was undecided.
Protocols & Policy
DTCC says its tokenization service for a depository holding over $114 trillion is due this month
The Depository Trust & Clearing Corporation says its DTC subsidiary will launch tokens of the stocks, ETFs and Treasuries it holds in October 2026, under an SEC staff letter that limits the assets, the users and the term to three years from launch.
Protocols & Policy
Ledger confirms implant in CryptoBilis-sold device as Bitquery counts $93.2 million stolen
Ledger says one device sold through its Southeast Asian reseller CryptoBilis carried an unauthorized hardware implant, and blockchain analytics firm Bitquery counts $93.2 million taken from 315 wallets, most of it in Tether's USDT on TRON.
Protocols & Policy
Kalshi and Polymarket US self-certify new contracts without prior CFTC approval
Kalshi self-certified a stock-index future with no expiry date and Polymarket US self-certified yes-or-no contracts on drug prices and food-stamp enrollment, so each exchange attests its contract complies with the law and the CFTC can step in only after the filing.
Protocols & Policy
Le Coin analysis: A credit card routing bill could give banks a reason to pick a stablecoin lane, or a lane nobody uses
The Credit Card Competition Act would let merchants choose the network for a credit card payment. Le Coin's analysis: a covered bank will switch on the second network that still pays it. An independent stablecoin rail could pay it either way: interchange on Visa or Mastercard, distribution payments while coins stay outstanding on its platform. Debit routing shows the other path.
Protocols & Policy
Justin Drake calls for a 'bunker mode' move to fresh crypto addresses, citing AI math gains
Drake says it is now reasonable to brace for the signature scheme behind most bitcoin and ether wallets to break, in the worst case within months, citing AI's progress in math. Critics who answered him on X said he showed no evidence of a break.
Protocols & Policy
FinCEN withdraws pending crypto reporting proposals on unhosted wallets and mixers
Two Federal Register notices published Oct. 6 withdraw a December 2020 plan covering transactions involving unhosted wallets and an October 2023 plan aimed at international cryptocurrency mixing.
