KEYTAKEAWAYS
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The U.S. Senate aims to finalize a crypto market structure bill by September, offering regulatory clarity and boosting institutional confidence.
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Hong Kong’s “LEAP” strategy introduces Policy 2.0, promoting tokenization, licensing, and fintech innovation to strengthen its global crypto leadership.
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Nasdaq integrates Canton Network to automate collateral workflows, merging blockchain with institutional finance for real-time, transparent trading operations.
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U.S. SENATE TO FINALIZE CRYPTO MARKET STRUCTURE BILL BY SEPTEMBER
U.S. Senate Banking Committee Chair Tim Scott announced that crypto market structure legislation is expected to be finalized by September 30.
The bill will address core areas such as asset issuance, trading, and custody, aiming to bridge long-standing regulatory gaps between the SEC and CFTC. Collaboration with the House Financial Services Committee is ongoing to align both chambers’ versions of the bill.
Analysis:
If passed, this legislation could offer long-awaited regulatory clarity, setting compliance standards and boosting institutional confidence.
It may lead to capital consolidation toward licensed platforms, while attracting traditional financial institutions to the crypto space. This regulatory milestone could also become a key sentiment driver for crypto equities and ETFs in Q4.
HONG KONG RELEASES DIGITAL ASSET POLICY 2.0 WITH ‘LEAP’ STRATEGY
On June 26, Hong Kong unveiled its updated digital asset policy framework, dubbed “Policy Statement 2.0,” anchored by the “LEAP” strategy—Legal clarity, Tokenized Economy, Application Scenarios, and People.
The initiative outlines a unified regulatory regime, with stablecoin licensing set to begin in August. It also promotes tokenization of government bonds, ETFs, and gold, and encourages fintech innovation through funding and regulatory sandbox programs.
Analysis:
This strategic push marks a significant step in institutionalizing Hong Kong’s digital asset market. By integrating licensed brokers, clear KYC practices, and dual-layered infrastructure (exchanges + brokers), Hong Kong strengthens its appeal as a global crypto hub.
Compared to regional competitors like Singapore and South Korea, Hong Kong’s regulatory foresight may offer a long-term strategic edge.
NASDAQ INTEGRATES CANTON NETWORK TO AUTOMATE COLLATERAL MANAGEMENT
Nasdaq has integrated the Canton Network blockchain with its Calypso system to automate end-to-end margin and collateral workflows.
The collaboration with QCP, Primrose Capital, and Digital Asset enables smart contract capabilities within institutional trading systems. This upgrade supports 24/7 operations and cross-asset collateral mobility with greater transparency.
Analysis:
This integration showcases how blockchain can enhance traditional financial infrastructure. By embedding smart contracts into core institutional platforms, Nasdaq sets a precedent for on-chain collateral clearing and real-time risk management.
This could accelerate convergence between TradFi and DeFi, signaling broader adoption of decentralized technologies in regulated markets.
