NEWS DIGEST – 19.09.2025 🚀
1) 🇨🇦 Canada considers stablecoin regulation — federal & provincial coordination urged
What’s new: The Bank of Canada has called for a unified regulatory framework for stablecoins, asking both federal and provincial authorities to collaborate. The aim is to ensure payment systems modernize, with safer, faster, more transparent cross-border transactions. ([Reuters] )
Why it matters: Stablecoins are becoming increasingly central to digital payments and fiat bridges. Without clear rules, risks like misuse, liquidity mismatches and arbitrage grow. Canada moving toward regulation may bring clarity and attract stablecoin innovation in North America.
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2) 📈 SEC paves way for spot crypto ETFs under new generic listing rules
What’s new: The U.S. Securities and Exchange Commission approved rule changes that simplify the listing path for spot cryptocurrency ETFs by allowing NYSE, Nasdaq, and Cboe to use generic listing standards instead of case-by-case approvals. These could reduce the approval time drastically (from ~240 days to ~75 days). Solana and XRP spot ETFs could now be listed more easily. ([Reuters] )
Why it matters: This is a major regulatory lever. Easier approvals mean faster product launches, more investor access, and possibly increased capital flows into cryptos beyond just BTC/ETH. Expect altcoins to benefit if they meet ETF listing criteria.
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3) 🚀 Bullish (exchange) leads rally after Fed cut + SEC rule changes
What’s new: Bullish, a recently IPO’d crypto exchange (backed by Peter Thiel), soared ~20.7% after the Fed’s rate cut and the SEC’s listing rule changes. Coinbase and mining stocks followed. The SEC changes loosened rules for ETPs, improving trading & listing efficiency. ([Investors.com] )
Why it matters: Exchange stocks act as a proxy for market sentiment and institutional confidence. Bullish’s jump shows how policy + macro tailwinds (e.g. rate cuts) still drive the sectors. Also highlights how success depends on both demand and regulatory ease.
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4) ⚙️ Bank of Italy pushes for clarity on cross-border stablecoin rules
What’s new: Bank of Italy called on EU regulators to clarify rules for multi-issuance stablecoins (identical stablecoins issued in multiple member states). Current ambiguity leads to regulatory friction between the European Commission, the ECB, and national authorities. ([Reuters] )
Why it matters: Harmonization is essential for EU’s Markets in Crypto-Assets (MiCA) regime to function. Without clear rules, stablecoin issuers face compliance barriers across borders; users may encounter regional restrictions or risk. This impacts scalability and adoption in the EU.
