AGP Executive Report
Last update: 10 hours agoSEC Custody Overhaul: The SEC proposed a crypto custody framework for investment advisers and regulated funds, including limited self-custody and the use of state trust companies, with a 60-day comment window after Federal Register publication. Regulatory Personnel Shift: Commissioner Hester Peirce is set to exit the SEC on Oct. 2, closing a long chapter in U.S. crypto policy. Stablecoin Pushback: A Europe-wide advocacy drive delivered 50,000+ letters to the European Commission urging MiCA changes so stablecoins can offer user rewards like cashback and loyalty perks. Payments Momentum: Visa says about 17% of its stablecoin-linked card volume is now from business and commercial programs, and Fiserv’s digital-asset platform is live with a dollar-backed stablecoin use case on Solana. Market Volatility: A sudden rally triggered about $110M in short liquidations in roughly ten minutes. Crypto Crime: U.K. police say a hammer-wielding gang forced a man to transfer hundreds of thousands of pounds in crypto while threatening to kill his pregnant wife; Europol also arrested a suspected KillSec ransomware operator and seized large amounts of stolen data. Tech & Tokenization: Ethereum Foundation launched zkAPI on mainnet for private AI payments, while Chainlink demoed automated tokenized-equity dividends across four blockchains.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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