SEC proposes ‘token taxonomy’ for interpreting crypto under securities laws

The proposed interpretative application of federal securities laws on digital assets by the SEC reportedly carries more weight than staff-level statements.

Iran Regime’s Crypto Activity Topped $3 Billion as Illicit Transactions Surged in 2025: Report

Iran, Russia, North Korea, and other sanctioned countries boosted their use of cryptocurrency last year, according to Chainalysis.

US regulators say banks won’t face extra capital charges on tokenized securities

U.S. banking regulators clarified on Thursday that banks should not have to hold additional capital ‌against losses when dealing with blockchain-based securities, saying their rules are “technology neutral.”

FBI Arrests U.S. Contractor’s Son In $46 Million Crypto Theft

John Daghita, son of a U.S. Marshals’ contractor, was arrested in Saint Martin after an on-chain investigator traced $46 million in stolen crypto to federal wallets.

IRS proposes mandating electronic delivery of tax forms for crypto

If adopted, the proposal will take effect on Jan. 1 of the calendar year following the publication of the final IRS rules.

Kraken’s surprise Fed win may harken onslaught of crypto firms with narrow Fed access

The Kansas City Fed may term this “Tier 3” access, but Kraken’s entry into the vaunted Fed payments system has riled bankers and raised crypto hopes.

The Daily: NYSE parent ICE invests in OKX at $25B valuation, suspect arrested in FBI operation over alleged $46M US Marshals crypto theft, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Russian banks to be granted crypto exchange licenses

Russia is preparing to legalize cryptocurrency transactions, but its own restrictions, on top of Western sanctions, are expected to largely cut it off from the global crypto market. Regulators in Moscow now want to channel most coin operations through traditional financial players such as banks and brokers, effectively limiting legal access to digital assets.

US Chip Export Rules Hit Nvidia, AMD, and AI Crypto Tokens

The Trump administration’s draft rules requiring US approval for all global AI chip exports sent Nvidia down 1.8%, AMD down 2.2%, and Micron down 3.4%, while AI-linked crypto tokens fell in tandem.