The week in brief. Coverage of regulation and policy is led by regulation and policy, with a cautious tone. Without a clear price move, this reads as a market waiting for its next catalyst.

Coinbase gets full U.S. trust charter from federal banking regulator

The Office of the Comptroller of the Currency elevated the biggest U.S. exchange's trust status from conditional to a full-fledged charter, the company said.

Reported by CoinDesk, Finextra, Cointelegraph, Decrypt · 5 sources. [Full story](/story/coinbase-gets-full-u-s-trust-charter-from-federal-banking-regulator-zrxax)

FCA stops HTX's crypto promotions

The FCA has secured High Court undertakings to ensure that HTX (formerly Huobi), a global crypto exchange, will not knowingly promote cryptoasset services unlawfully to UK consumers. The FCA took legal action against HTX in October 2025 for breaking UK financial promotion rules.

Reported by FCA news · 1 source. [Full story](/story/fca-stops-htx-s-crypto-promotions-r6zgo)

Formation notifies SEC to operate first tokenized securities venue on Solana

Launch is expected in early 2027, with tokenized shares of Exodus Movement, Forward Industries, and Galaxy Digital among initial offerings.

Reported by Ledger Insights, CoinDesk, The Block, Cointelegraph · 5 sources. [Full story](/story/after-canton-debuts-tokenized-stock-venue-solana-venue-plans-galaxy-ex-f4ahy)

Bank of England sets out approach to tokenised collateral in central clearing

The Bank of England has today launched a consultation supporting central counterparties (CCPs) acceptance of tokenised forms of eligible collateral.

Reported by Bank of England news · 1 source. [Full story](/story/bank-of-england-sets-out-approach-to-tokenised-collateral-in-central-c-8rq2f)

NYSE picks Avalanche to settle tokenized stocks amid Wall Street's blockchain race

Avalanche will serve as the core settlement ledger for the exchange's planned blockchain stock market

Reported by CoinDesk, The Block, Decrypt, CryptoSlate · 4 sources. [Full story](/story/nyse-picks-avalanche-to-settle-tokenized-stocks-amid-wall-street-s-blo-xv745)

Coinbase, Kalshi and Payward backs CFTC in lawsuit over single-stock perp futures

The crypto firms moved for leave to file an amicus brief defending the CFTC's authority to regulate single-stock perpetual futures in the US.

Reported by The Block · 1 source. [Full story](/story/coinbase-kalshi-and-payward-backs-cftc-in-lawsuit-over-single-stock-pe-nlos7)

What the coverage is about

  • Regulation and policy (83%). Policy is driving the conversation. Rule changes usually matter more for who can buy and hold the asset than for the next day's price.
  • Adoption and infrastructure (67%). News is about real-world use. Adoption stories rarely move price immediately, but they build the long-term case.
  • Central banks and macro (17%). Macro is in the driving seat: the asset is trading as a function of interest-rate expectations and the dollar.