U.S. Crypto Industry Faces Setback as Clarity Act Stalls in Congress

UK launches multi-agency raids on peer-to-peer crypto hubs in regulatory shift

UK authorities have conducted coordinated multi-agency raids targeting peer-to-peer cryptocurrency hubs, signaling a clear departure from the country's previously lenient approach to crypto oversight. The enforcement action marks a significant toughening of the UK's stance toward unregulated digital asset activity. The crackdown coincides with the release of detailed regulatory guidance directed at cryptocurrency firms operating in the country. This guidance is intended to prepare the industry ahead of a comprehensive regulatory framework set to come into full effect in late 2027.

SEC explores 24/7 trading as it greenlights tokenized securities

The U.S. Securities and Exchange Commission has begun laying groundwork for around-the-clock stock trading, a model already standard in cryptocurrency markets. The agency held a dedicated event to discuss the possibility of continuous trading in traditional securities markets. The same morning, the SEC also approved tokenized securities, signaling a broader push toward modernizing market infrastructure. The dual developments suggest regulators are increasingly open to adopting practices long associated with digital asset markets.

Crypto for Advisors: Beyond bitcoin and ether

S&P Global Acquires Blockchain Security Firm OpenZeppelin

S&P Global has acquired OpenZeppelin, a blockchain security and smart contract auditing firm, marking its latest move into the digital asset space. The acquisition is aimed at addressing technological risks that banks and asset managers face when operating onchain. This deal follows S&P Global's recent market-data investment in crypto analytics firm Kaiko, signaling a broader push into tokenized finance infrastructure. The purchase positions S&P Global to offer risk assessment capabilities tailored to the growing tokenized financial ecosystem.