Regulation
Senate Committee Advances Stablecoin Bill With Reserve Audit Requirements
The revised text adds monthly attestation rules for issuers above a market-cap threshold, splitting the industry between relief and quiet dread.
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The revised text adds monthly attestation rules for issuers above a market-cap threshold, splitting the industry between relief and quiet dread.
Exchanges operating without a full MiCA license now face a hard cutoff, and a handful of mid-size platforms are scrambling to comply.
Front-end operators, not the protocols themselves, are now the reporting entities, a distinction that's already reshaping how DEX interfaces are built.
The move positions the city as a regional counterweight to tightening rules elsewhere, and exchanges are already lining up applications.
The shift would bring token trading under the same disclosure regime as securities, with a multi-year transition window attached.