Taiwan’s new crypto law gives banks the first real stablecoin advantage

Taiwan has moved stablecoin issuance into a licensing test for supervised financial infrastructure. The Legislative Yuan passed the Virtual Asset Service Act on its third reading on June 30, establishing a dedicated framework for crypto trading platforms, stablecoin issuers, and other virtual asset service providers. The practical consequence is a stablecoin market where approval, reserves, domestic custody,…

SEC and CFTC crypto plans face new risk from Supreme Court ruling

On June 29, the US Supreme Court ruled that President Donald Trump had the authority to remove the Federal Trade Commission (FTC) Commissioner Rebecca Slaughter, rejecting the statutory limits that previously allowed FTC commissioners to be fired only for cause. This decision overturned Humphrey’s Executor, the 1935 precedent that had protected certain independent agency commissioners…