SEC Chair pushed to withdraw SAB 121 over consumer protection concerns
Rep. Wiley Nickel wrote to SEC Chair Gary Gensler, arguing that SAB 121 fails to protect consumers and should be withdrawn. Meanwhile, the Basel Committee on Banking Supervision's oversight body decided to defer the implementation of crypto asset exposure standards for banks to January 2026. Additionally, Robinhood Crypto will offer its European users staking services.
US
Rep. Wiley Nickel urges SEC Chair to withdraw SAB 121, citing consumer protection concerns
Rep. Wiley Nickel (D-NC) wrote a letter to SEC Chair Gary Gensler, arguing that SAB 121 fails to protect consumers and urging Chair Gensler to withdraw it. A copy of the letter is available here.
CFTC Commissioner Caroline Pham supports enforcement action against falcon labs
CFTC Commissioner Caroline Pham issued a statement concurring with the agency’s enforcement action against crypto brokerage firm Falcon Labs.
EU/UK
Basel Committee to defer crypto asset exposure standards for banks to January 2026
The oversight body of the Basel Committee on Banking Supervision met to reiterate their commitment to implementing Basel III, and agreed to defer implementation of the Committee’s prudential standard for banks’ crypto asset exposures by one year to January 2026.
Robinhood crypto introduces staking services for European users
Robinhood Crypto announced that it is launching staking services for European users.
Interactive Brokers launches crypto trading for UK Clients, offering BTC, ETH, LTC, and BCH
Global electronic broker Interactive Brokers announced that it is launching crypto trading for UK clients, allowing clients to trade in BTC, ETH, LTC, and BCH.
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