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Crypto

U.S. regulators miss Genius Act deadline for final rules

U.S. regulators failed to issue final rules for implementing the federal stablecoin framework by the one-year deadline on July 18, the date set by the Genius Act. The Block reported that proposals from the OCC, FDIC, NCUA and the Treasury Department remain at the proposal stage, while rules from the Federal Reserve and anti-money laundering authorities are unfinished. The law takes effect on Jan. 18, 2027, or 120 days after final rules are issued, whichever comes first.

AI & Enterprise

White House to launch \'GoldEagle\' framework to tackle critical infrastructure vulnerabilities

The U.S. government is launching a new coordination framework called GoldEagle to improve detection of critical infrastructure vulnerabilities, set priorities and accelerate patching. The initiative uses existing federal authorities and resources to connect open-source software managers and critical infrastructure operators through a single reporting and response pipeline. The White House said it has begun receiving and prioritising reports, but gave no details on participating companies, AI models or prioritisation methods.

Crypto

U.S., UK align regulation on stablecoins and tokenisation, issue joint recommendations

U.S. and British finance authorities moved to align regulation on tokenised assets and stablecoins, issuing four digital-asset recommendations as part of a Transatlantic Taskforce for the Future of Markets. The proposals call for a cooperative framework to test cross-border uses of tokenised assets and for shared regulatory principles for stablecoins. They also set a 1:1 reserve requirement backed by high-quality liquid assets and point to building a cross-border stablecoin market.