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[Exclusive] BSP: Crypto-to-Crypto Trading ‘Fits Naturally’ Under SEC; VASP Rule Amendments Planned

The Bangko Sentral ng Pilipinas (BSP) said crypto-to-crypto trading for speculative or investment purposes through an exchange “fits naturally” under the perimeter of the Securities and Exchange Commission (SEC), and confirmed it plans to expose amendments to Circular No. 1108, its 2021 rule governing Virtual Asset Service Providers (VASPs), for public comment, according to a…

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Swift Launches a Blockchain Ledger to Bring 24/7 Cross-Border Payments to the Global Banking System

Key Takeaways SWIFT launched a blockchain ledger for tokenized deposits, enabling 24/7 global interbank transactions. Seventeen banks will pilot the network, easing liquidity limits and improving fund management efficiency. Swift developed the ledger in just nine months, setting the foundation for future programmable money. Swift Moves To The Blockchain Era With New Tokenized Deposit-Based Network…

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Trump Requested Democratic SEC Candidates, but No Names Arrived, White House Says

Key Takeaways The White House says it requested Democratic names for vacant SEC and CFTC seats before Democrats raised concerns. Senate Democrats accused Trump of refusing to nominate Democratic commissioners to agencies designed for bipartisan membership. SEC vacancies carry added weight as Republican commissioners reshape cryptocurrency oversight under Paul Atkins. White House Rejects the Charge…

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US Lawmaker Pushes Crypto Developer Protections as Senate Weighs CLARITY Act

Key Takeaways U.S. Senator Ron Wyden urged Senate leaders to preserve protections for non-custodial blockchain developers in the CLARITY Act. Crypto policy advocates praised Wyden’s stance as a defense of software publication and open internet principles. Alex Thorn said backing developer protections does not necessarily indicate Wyden will support the broader CLARITY Act. Why Is…

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BDO, Chinabank, EastWest Waive InstaPay and PESONet Transfer Fees

BDO Unibank Inc. (BDO), China Banking Corp. (Chinabank), and East West Banking Corp. (EastWest Bank) announced the elimination of transaction fees for domestic fund transfers through the InstaPay and PESONet networks. The pricing updates follow regulatory adjustments directed by the Bangko Sentral ng Pilipinas (BSP) regarding electronic payment pricing. (Read More: List: PH Banks With…

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Robinhood Chain Tops $560 Million in Daily DEX Volume, Fueled by Meme Coin Boom

Key Takeaways Robinhood Chain topped $560M in daily DEX volume as nearly 16,000 new tokens launched. Arbitrum earns 10% of Robinhood Chain fees, linking L2 growth to ecosystem revenue. Pumpfun added Robinhood tokens, expanding Solana trader access without bridging. Arbitrum Stands to Gain as Robinhood Chain Reaches 200,000 Active Addresses Robinhood Chain is seeing a…

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Michael Saylor Declares Bitcoin Has ‘No Spam Problem’ as BIP-110 Debate Escalates

Key Takeaways Michael Saylor’s Jul. 9 X post drew 938 replies, exposing deep Bitcoin community divisions. Grok found 65% opposed Saylor’s stance, while 25% backed his free-market Bitcoin view and 10% showed neutrality. BIP-110’s August rollout could reshape Bitcoin as the spam debate continues to intensify. On Wednesday, Michael Saylor took to the social media…

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