CoinDesk, May 23: 1. The U.S. Federal Deposit Insurance Corporation plans to establish compliance standards for stablecoin issuers; 2. Grayscale Research: Increased regulatory transparency will drive a surge in blockchain applications; 3. SEC delays blockchain token stock plan; BTC falls below $76,000; 4. SEC delays legislation permitting tokenized U.S. stocks; 5. U.S. Securities and Exchange Commission postpones exemption proposal for tokenized U.S. stock trading; 6. Japanese stablecoin JPYC completes a $32 million Series B funding round; 7. Bank of America’s Q1 exposure to crypto ETFs approaches $53 million; 8. BTC OG insider whale: Adds 3,414.23 ZEC short positions; 9. Abraxas Capital’s main address: Adds 1.92 million FARTCOIN short positions; 10. Kevin Warsh is sworn in as Chair of the Federal Reserve.
U.S. FDIC Proposes Compliance Standards for Stablecoin Issuers
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Summary
According to BitJie, the U.S. FDIC is moving to establish stablecoin regulations for issuers. The proposal comes as crypto compliance efforts expand, with the SEC delaying approval for tokenized U.S. stock trading and JPYC securing $32 million in Series B funding.
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