China's Supreme People's Court announced enhanced enforcement measures against upstream cybercrime operations on November 13, Cailianshe reports. The Eighth National Criminal Trial Work Conference emphasized addressing emerging challenges including virtual currency disposal in criminal cases, cross-border online gambling, and jurisdictional issues in cybercrime prosecutions. The court mandated stricter penalties for personal information violations and industry insiders involved in illicit activities, with potential lifetime bans from relevant sectors, while requiring online platforms to strengthen regulatory compliance.

Dubai's Digital Economy Court issued a freezing order covering $456 million in funds related to TRON founder Justin Sun's rescue of TrueUSD issuer Techteryx, Sun said in a Nov. 13 statement. The court cited "serious issues to be tried" and ruled the funds should be held in trust to prevent improper transfer or concealment. The dispute centers on TrueUSD reserve shortfalls allegedly involving Dubai-based Aria Commodities DMCC, with Techteryx claiming reserve funds managed through Hong Kong trustee First Digital Trust between 2021 and 2022 were converted from cash into long-term loans and private transactions in violation of custody terms. Sun accused First Digital Trust Limited, Legacy Trust Company Limited, and a Dubai private firm of misappropriating the $456 million in fiat reserves during an April 2025 Hong Kong press conference.

The Monetary Authority of Singapore will launch a pilot program for tokenized MAS bills next year and introduce legislation to regulate stablecoins, Managing Director Chia Der Jiun said Thursday at the Singapore FinTech Festival. While tokenization has begun, asset-backed tokens have not yet reached "escape velocity," Chia noted. The regulatory framework will focus on robust reserve asset backing and reliable redemption mechanisms. MAS is also supporting pilot projects under the Blue Initiative, which explores the use of tokenized bank liabilities and regulated stablecoins for settlement.

Telcoin announced on Nov. 13 it received final charter approval from the Nebraska Department of Banking and Finance to establish Telcoin Digital Asset Bank, the first Digital Asset Depository Institution in the United States. The charter authorizes the bank to directly connect U.S. bank accounts with regulated digital cash stablecoins, with its flagship product eUSD becoming the first bank-issued, on-chain dollar stablecoin in the country. eUSD will be fully backed by U.S. bank deposits and short-term Treasury securities held in regulated custody, distinguishing it from unregulated offshore or non-bank stablecoins. The charter marks the first explicit authorization for a U.S. bank to connect consumers to DeFi protocols.

President Trump signed a temporary funding bill on November 13, ending the longest government shutdown in U.S. history, Jin10 reports. The legislation provides continuing appropriations for federal agencies through January 30, 2026, ensuring operational funding for most government departments during this period.

Japan Exchange Group is exploring measures to curb crypto accumulation by listed companies, people familiar with the matter said. Options include tightening backdoor listing rules and mandating new audits for firms holding digital assets. Since September, three Japanese listed companies have suspended crypto purchase plans after the exchange warned their financing access would be restricted if they adopt such strategies, one source said.

The U.S. Treasury Department, alongside the Justice Department and other agencies, announced the formation of the Scam Center Strike Force on Nov. 13, CoinDesk reports. Led by the U.S. Attorney for the District of Columbia, the task force targets cross-border pig butchering fraud operations using cryptocurrency, focusing on networks in Myanmar, Cambodia, Laos, and the Philippines. U.S. authorities previously seized 127,271 BTC in enforcement actions against Cambodia's Prince Group.

Kevin Hassett, Director of the National Economic Council, told President Trump he would accept the Federal Reserve Chair position if nominated to succeed Powell, reports said on November 13. Hassett, who worked at the Fed for five years, said he favors larger rate cuts when policymakers meet in December and could immediately assume responsibilities due to his familiarity with department leaders. He criticized a "disturbing correlation" between Fed decisions and partisan positions, pledging to overhaul the Fed's research systems if appointed by hiring top forecasting experts specializing in nonlinear time-series modeling.

White House press secretary Levitt said on Nov. 13 that the Bureau of Labor Statistics will release September labor data after the government reopens. The White House previously indicated October nonfarm payroll and inflation figures may not be published.