United States
AI
Republicans added a 10-year moratorium on state AI regulation in “big, beautiful bill.”
Crypto
The Department of Labor dropped Biden-era 401(k) crypto guidance.
CFTC is urged to allow perpetual crypto futures contracts.
Enforcement
CFPB dropped suit against pay-over-time fintech Snap Finance.
CFTC awarded approximately $700,000 to whistleblower.
Former Goldman Sachs partner who testified in Malaysian bribery case was sentenced to two years in prison.
Regulation
Baltimore dropped a lawsuit that attempted to stop the CFPB’s defunding.
US Court of International Trade blocked Trump tariffs, but they were temporarily reinstated by the US Court of Appeals for the Federal Circuit.
Departing CFTC commissioner Christy Romero delivered farewell speech.
China
Indian regulators targeted Chinese-made surveillance technology.
China unveiled new wide-ranging crypto ownership restrictions.
Canada
FINTRAC fined Crystal Currency Exchange Inc. $348,067.50
Ontario Securities Commission to launch sandbox regulatory scheme where funds wishing to offer long-term illiquid assets will be offered exemptive relief.
CIRO announced that it sanctioned Canaccord Genuity Corp nearly $3,000,000 for ignoring red flags while executing penny stock trades on behalf of UK firm Crito LLP.
EU
EU plans stress tests for nonbank financial institutions.
EU pushed Basel III capital requirements to 2027 amidst tariffs concerns.
Hong Kong
Hong Kong passes landmark stablecoin bill.
International
IOSCO issued report on updated fund liquidity recommendations.
Singapore
Monetary Authority of Singapore consults to remove financial advertisement regulation exemptions.
Switzerland
Klaus Schwab filed a criminal complaint against whistleblowers who alleged misconduct.
UK
The International Regulatory Strategy Group provided comments to HM Treasury on draft UK cryptoasset legislation.
