A White House meeting between major banks and crypto firms ended without agreement on stablecoin yield, as banks pressed for a sweeping ban on rewards and negotiators faced a late-February drafting deadline.
Treasury Secretary Scott Bessent acknowledged bank concerns about stablecoin yield as the White House hosts a second meeting to unblock the CLARITY Act.
CIRO issued interim crypto custody rules for Canadian trading platforms, setting tiered custodian standards, audit and insurance expectations, and limits that critics say could accelerate consolidation.
Bank of Russia has proposed a regulated framework that would let retail and professional investors buy crypto via licensed intermediaries, with tests and a 300,000-ruble annual cap for non-qualified buyers.
China’s central bank updated a joint notice reinforcing a sweeping crypto ban, targeting offshore services, RMB stablecoins, and RWA tokenization.
Arizona regulators ordered $1,398,900 restitution and a $75,000 penalty in a NovaTech and HyperFund fraud case.
Virginia lawmakers shelved SB 557, a cryptocurrency reserve that would allow bitcoin purchases under strict custody and eligibility rules.
White House talks over stablecoin rewards ended without an agreement, leaving U.S. crypto legislation in limbo as banks and the industry fight over who gets the yield.
A Wall Street Journal reported that an Abu Dhabi entity agreed to buy 49% of World Liberty Financial for $500M. Here’s what’s known.
FDIC says Illinois closed Metropolitan Capital Bank & Trust on Jan. 30, 2026; First Independence Bank assumed deposits in the first U.S. failure of 2026.