The Office of the Superintendent of the Currency in the United States has issued the first final rule under the GENIUS Act, requiring existing stablecoin reward programs on cryptocurrency exchanges to seek regulatory approval and without a safe harbor clause. Regulatory agencies warn that plans before the law takes effect will not be presumed to meet compliance requirements.
After AiCoin detected a significant increase in DOOD volume in the morning, its price continued to rise by nearly 51.21%, reaching a peak of $0.003824.
At present, DOOD is reported at $0.003824, with a 24-hour increase of 79.28%.
The fluctuation of exotic currencies is significant, please pay attention to position and leverage risks. The data is for reference only and does not constitute investment advice.
Vault12 has submitted an opinion letter to the US Securities and Exchange Commission, pointing out that the proposal for a token safe harbor lacks regulatory certainty, causing the exchange to remain concerned about future accountability. Vault12 raised $17.45 million through a future token agreement, and its Vault Guardian Token has not yet been listed on a centralized exchange. Vault12 suggests adding a 60 day objection period. If the US Securities and Exchange Commission does not raise an objection within this period, eligible filings should have final effect on the institution.
Standard Chartered Bank has signed a final agreement to acquire 100% equity of Zodia Custody, a cryptocurrency custodian, and the transaction is pending regulatory approval. Zodia Custody's custody business will be merged into Standard Chartered Bank, and its software business will be transferred to an independent company supported by SC Ventures, a venture capital division under Zhada. (Source: The Block)
