Crypto RADAR

On October 1, the SEC proposed rules allowing investment advisers and regulated funds to self-custody crypto assets under strict conditions when qualified custodians are unavailable, and permitting state-chartered trust companies as custodians, while modernizing broader custody rules.

On September 30, the Treasury Department, on behalf of the Stablecoin Certification Review Committee, adopted an interim final rule establishing forms and procedures for states to certify their stablecoin regulatory regimes as substantially similar to federal standards under the GENIUS Act.

On October 5, the CFTC issued an advanced notice of proposed rulemaking for Regulation CTX and Regulation CAM, creating a new federal framework and registration category for crypto asset markets offering leveraged or margined retail trading.

Following the CLARITY Act's failure, the CFTC on October 5 moved forward with proposals to establish crypto-specific trading rules and a voluntary federal oversight path for exchanges, separate from broader spot market mandates requiring legislation.

In early October updates, the SEC and CFTC highlighted ongoing efforts including custody proposals and trading frameworks, with Chairman Selig noting the agencies are prepared to deliver rules with or without congressional action post-CLARITY setback.

Coordinated group linked to 53 memecoin launches on Robinhood Chain (July-Sept 2026) extracted at least $18.43M via front-running, supply control, and liquidity removal; self-financing scheme with fund flows between projects.

Exposed as operator of Chinese darknet market FreeCity, openly advertising illicit services including human trafficking/hitman and laundering 5+ DPRK hacks as OTC.

Alert on $3.8M+ exploit of NEAR Intents cross-chain infrastructure; irregular outflows from BSC hot wallet to KuCoin then bridged to Bitcoin.

DPRK-linked actors shielding ~2.7K ZEC ($3.8M) from Bitget exploit into Ironwood pool; ongoing laundering via bridges and mixers.