A US Senate Committee released a draft bill on crypto and US-cleared crypto funds are now able to stake.
Brazil now classifies stablecoins as Foreign Exchange under New Rules
Brazil’s Central Bank has completed the rules to bring in crypto companies under banking-style oversightClassifying certain wallet transfers and stablecoins as foreign exchange operations.
Banco Central do Brasil has published resolutions 519-521. established operational standards and authorization procedures for what it calls Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAVs), a new category of licensed virtual-asset service providers operating in the country.
This framework includes existing consumer protection rules, AML and transparency requirements for crypto brokers, intermediaries and custodians.
On May 4, 2026, mandatory reporting of capital-market transactions and trans-border activities will begin.
These rules apply to transfers between self-custoded wallets and those that are mediated by service providers. Providers must verify that the wallet owner is identified and that the destination and origin of assets are verified, even when the transaction itself does not involve a cross-border transfer.
Senate Ag drafts crypto market legislation
On Monday, the US Senate Agriculture Committee published its long-awaited draft discussion of crypto market structures laws. This brings Congress one step closer to passing legislation that will outline how cryptos are regulated.
The draft included brackets around sections of the bill that lawmakers are still negotiating, and Democrats said the Committee doesn’t have jurisdiction over certain aspects of it and are interested in working with the Senate Banking Committee to “address issues related to noncontrolling blockchain developers and providers of blockchain services.”
The bill will outline the powers of the Commodity Futures Trading Commission and Securities and Exchange Commission to regulate crypto. The Agriculture Committee has jurisdiction over the CFTC, and the Senate Banking Committee is leading parts of the bill relating to securities laws, as it oversees the SEC.
Democrat Senator Cory Booker who led the draft along with Republican Agriculture chair John Boozman said that the discussion draft “would provide the CFTC with new authority to regulate the digital commodity spot market, create new protections for retail customers, and ensure the agency has the personnel and resources necessary to oversee this growing market.”
US opens the door to crypto ETFs and Trusts for staking rewards
Internal Revenue Service, the US tax collection bureau of the Department of the Treasury. has updated its guidance Cryptocurrency exchange-traded product (ETP) should include a safe harbour for trusts to stake their digital assets.
Treasury Secretary Scott Bessent said in a blog post published on Monday X, that the agencies released Guidance on crypto ETPs “a clear path to stake digital assets and share staking rewards with their retail investors.”
The guidance available According to the IRS, there are government agencies that would permit crypto trusts participate in staking as long as they were traded on an exchange national, held only cash, and “units of a single type of digital asset,” Custodians can mitigate certain risks for investors.
“The impact on staking adoption should be significant,” said Bill Hughes is senior counsel for Consensys. He wrote about it in the Monday X blog.
“This safe harbor provides long-awaited regulatory and tax clarity for institutional vehicles such as crypto ETFs and trusts, enabling them to participate in staking while remaining compliant, Hughes wrote. “This effectively removes the major legal obstacle that has discouraged asset managers, fund sponsors and custodians from including staking returns in regulated investments.”
In September the US Securities and Exchange Commission issued guidance. approving generic listing standardsExpecting to see the crypto-exchange traded funds approved. In the new guidance from the IRS, Treasury and SEC noted that the SEC had changed its rules.
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Source: cointelegraph.com
