At the 2025 Blockchain Association Policy Summit in Washington, OCC Chief Jonathan Gould said digital asset firms seeking national trust bank charters should be evaluated under the same standards as traditional financial institutions, according to remarks at the event. He said the OCC has received about 14 charter applications since the start of the year and expressed confidence in the agency’s ability to supervise new entrants and activities.

HashKey is planning a Hong Kong initial public offering that would make it the city’s first listed cryptocurrency exchange, aiming to raise up to HK$1.67B (about $215M) through a global share sale, according to its prospectus. The deal, which runs through Friday with trading due to start on December 17, would value the company at around HK$19B at the top of the price range and fund product innovation, custody enhancements and infrastructure expansion.

On Monday, the CFTC introduced a pilot program that lets qualified futures commission merchants use Bitcoin, Ether and payment stablecoins such as USDC as margin collateral in regulated U.S. futures and swaps markets. Acting Chairman Caroline Pham framed it as a controlled test of tokenized collateral, with enhanced reporting, a no-action letter permitting segregated custody of certain digital assets, and withdrawal of 2020 guidance that discouraged crypto collateral. If successful, the trial could extend the role of stablecoins and tokenized Treasuries across clearing, margining and settlement infrastructure on Wall Street.

CoinShares’ 2026 Digital Asset Outlook, published Monday, argues hybrid finance is embedding public blockchains into core market infrastructure. The report cites more than $90 billion in U.S. spot Bitcoin ETF inflows and over one million BTC held by corporate treasuries. It expects broader access via wealth platforms alongside accelerating tokenization.

The US Securities and Exchange Commission has ended its multi‑year investigation into New York–based tokenization platform Ondo Finance without bringing enforcement action, removing a major legal overhang for the firm, according to the company. The probe, launched in October 2023 under former SEC Chair Gary Gensler and carried into 2024, examined whether certain tokenized real‑world assets and the ONDO token complied with federal securities laws. With the case now closed, market focus is shifting to how quickly regulators will issue detailed rules that could support large‑scale tokenized equity and bond offerings in the US.

At the Bitcoin MENA conference, Michael Saylor urged governments to build Bitcoin-backed digital bank accounts using heavily overcollateralized tokenized credit tied to sovereign BTC reserves, arguing the model could attract tens of trillions of dollars in deposits. Strategy recently bought 10,624 BTC for about $962.7 million, bringing its holdings to 660,624 BTC worth more than $60 billion, even as its share price has dropped roughly 51% over the past year.

Former People’s Bank of China monetary policy adviser Liu Shijin has urged China to increase imports and settle more foreign trade in yuan over the next five years to narrow its trade surplus and boost offshore yuan liquidity. He also called for more yuan-denominated financial products to be launched in overseas markets, according to his recent remarks. At the same time, China’s top leadership has outlined plans to prioritize domestic demand from 2026. The comments come as the European Union, led by French President Emmanuel Macron, signals the possibility of strong measures over trade imbalances.

XRP has bounced from support above $2.020 and is trading over $2.050 and the 100-hourly Simple Moving Average while facing resistance near $2.0850 and $2.10. A close above $2.120 could see the price revisit $2.160 and potentially the $2.20–$2.2650 area. Failure to clear $2.10 may instead trigger another decline toward $1.950 and even $1.850. Technical indicators show the MACD in negative territory and the hourly RSI below 50, pointing to persistent downside pressure at resistance.