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Court approves Genesis settlement of $175M to FTX, expunges billions in claims

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Genesis previously reportedly said that the $175 million settlement was “fair and equitable,” while FTX creditors wanted to contest it.

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UK financial watchdog opens consultations for DeFi guidance, crypto laws

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The UK Financial Conduct Authority consultations came just weeks after the agency opened applications for companies under its new crypto regulatory regime.

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Cardano Foundation urges EU against expanding MiCA rules to DeFi and staking

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The foundation called for regulation based on financial risks rather than technology, warning that overlapping rules could create uncertainty for crypto businesses across the EU.

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Treasury Secretary Bessent likens GENIUS Act to Lincoln-era banking reform

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The OCC has finalized rules for stablecoin reserves and redemptions, with Bessent calling the GENIUS Act a “watershed moment for American finance.”

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