Policy Event ยท Medium impact

US Senate Passes Housing Bill Carrying Four Year CBDC Ban

The U.S. Senate passed a housing affordability bill that includes a temporary prohibition on the Federal Reserve issuing a central bank digital currency. The provision would reinforce the policy split between public CBDC issuance and privately issued dollar stablecoins under the GENIUS Act framework.

Medium impact๐Ÿ‡บ๐Ÿ‡ธ United StatesCBDCRegulationStablecoinCBDCUS SenateFederal Reserve

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Protocols/assets in scope: CBDC. Named institutions or platforms: US Senate, Federal Reserve. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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Related policy events

MyTrade Founder Sentenced In Crypto Wash Trading Case

U.S. authorities sentenced MyTrade founder Liu Zhou over conspiracy involving market manipulation and wire fraud, with the case focused on bots that generated artificial trading volume for digital assets. The action reinforces exchange surveillance expectations around wash trading, market makers and token liquidity claims.

Medium impact๐Ÿ‡บ๐Ÿ‡ธ United StatesEnforcementAMLExchangeRegulation

North Korea-Linked Hackers Reportedly Breach 1,640 Organizations

WIRED reported that Kumio CTO Vangelis Stykas found evidence North Korea-linked hackers impacted 1,640 companies across 57 countries, including hundreds of crypto-related targets with access to keys, cloud infrastructure and blockchain systems. The case ties cyber compromise directly to sanctions, AML and custody controls for crypto firms.

High impact๐ŸŒ Global๐ŸŒ KPAMLEnforcementRegulationCustody

RBI Deputy Governor Urges Risk-Based And Proportionate KYC

RBI Deputy Governor Swaminathan J argued that KYC should protect customers and financial-system integrity while relying on sound judgement, current customer profiles and proportionate implementation. The signal matters for digital finance and VASP-related controls in India because it frames KYC as risk-based rather than mechanical document collection.

Medium impact๐Ÿ‡ฎ๐Ÿ‡ณ IndiaAMLRegulation

Wintermute USA Registers As SEC And FINRA Broker-Dealer

Wintermute said its U.S. affiliate registered as a broker-dealer with the SEC and FINRA, enabling proprietary trading, ETP authorized participant activity and self-clearing of digital asset securities. The move gives a major crypto market maker a regulated U.S. pathway for ETF and tokenized securities market structure.

High impact๐Ÿ‡บ๐Ÿ‡ธ United StatesLicensingRegulationExchangeTokenization