Crypto Sector Navigates Regulatory Calls, New Offerings, and Security Concerns
Crypto Sector Navigates Regulatory Calls, New Offerings, and Security Concerns
A UK House of Lords committee has called for regulators to ease stablecoin rules, warning that the current approach could hinder market growth and leave Britain lagging behind the U.S. and EU. In market expansion news, Kraken is preparing to launch a service offering global retail investors tokenized access to US IPOs via xStocks. Security concerns were also highlighted as Ledger researchers identified a hardware flaw in a chip used by Trezor Safe 7, although Trezor has reassured users that their funds are safe. Lastly, Grayscale has introduced a new Hyperliquid-linked ETF on Nasdaq, aiming to offer competitive fees amidst increasing firm rivalry.
A UK House of Lords committee warned that Britain lags the U.S. and the EU on stablecoins, calling on the BoE and FCA to revise rules.
Expected in the coming weeks, customers of Kraken and select xStocks partners can register interest in U.S.-listed IPOs before going public.
Ledger's Donjon team found a laser-based hardware flaw in the TROPIC01 chip used in the Trezor Safe 7, but Trezor says no funds are at risk.
Grayscale entered the ring with its own Hyperliquid linked ETF, setting a new low for fees as competition intensifies among firms.