exemption

According to Crypto Briefing, the Bank of Italy has warned cryptocurrency service providers that every cryptocurrency transfer, regardless of the transaction amount, must undergo sanctions screening, and no minimum transaction threshold may be set to evade automatic screening. This requirement stems from guidelines applicable in Italy from December 30, 2025, issued by the European Banking Authority, and is not a new sanction obligation.The Bank of Italy specifically pointed out that certain instant payment exemptions for payment service providers do not apply to cryptocurrency transfers. Cryptocurrency companies need to review their screening systems, update their sanctions lists, and alert procedures to ensure coverage of all applicable transactions. The MiCA authorization does not replace these independent obligations under the EU restrictive measures rules. This move will increase compliance costs for Italian cryptocurrency companies, requiring more complex systems to handle transaction alerts and potential sanctions matches.

The Rollup founder Andy posted that market rumors suggest the U.S. Securities and Exchange Commission (SEC) is preparing to launch the largest tokenization innovation exemption policy to date, which may allow tokenized securities to be traded solely through registered transfer agents, without the need for broker-dealer licenses, and without adhering to traditional trading platform or ATS-related rules. It is also reported that this could cover U.S. retail investors and overseas investors.Andy stated that if the above news is true, its potential impact would be significant. Tokenized funds could be issued and traded directly in the form of on-chain tokens, with transfer agents maintaining legal ownership records on-chain, while the underlying assets held by the fund, such as stocks and bonds, could also be further tokenized, thus forming an on-chain trading system of "fund tokens + underlying asset tokens."Andy later mentioned that a large fund has already received the SEC's "green light," but this has not yet been officially confirmed. He speculated that ARK, Fidelity, or BlackRock could be potential participants. If the policy is ultimately implemented, U.S. asset management firms may accelerate the issuance of native equity tokens to compete for around-the-clock liquidity and on-chain distribution channels, rather than waiting for third parties to mirror tokenize traditional securities. He further linked this potential policy change to the recent push by the Trump administration for regulatory openness in the crypto market, as well as the CFTC's efforts to bring perpetual contracts to the U.S. market, believing that the U.S. regulatory environment may be gradually opening the policy floodgates for on-chain finance.

According to Cryptopolitan, the far-right party Alternative for Germany (AfD) won first place in the Saxony-Anhalt elections with a vote share of 43.8%, securing 39 out of 83 seats, while the CDU's vote share significantly dropped to 17.2%. Although this victory does not directly affect federal tax law, it will further strengthen AfD's voice in the discussions on cryptocurrency tax reform in Berlin.AfD has consistently advocated for the retention of the 12-month tax exemption policy for Bitcoin holdings and opposes including private mining and Lightning Network node operations under commercial taxation. In contrast, the German Ministry of Finance plans to abolish this tax exemption period, aiming to increase annual revenue by at least 1 billion euros.

U.S. Secretary of Commerce Gina Raimondo said on Wednesday that the Trump administration is considering a new round of import tariffs on semiconductors, which could further increase taxes on foreign chips to attract more semiconductor manufacturing to the United States.However, these tariffs may be implemented alongside tax relief measures for investments in domestic manufacturing companies, following the approach previously taken by the Trump administration in the pharmaceutical industry.Raimondo stated, "This is the principle that the semiconductor industry should follow: If you produce in the U.S., we will give you tariff relief; if you do not produce in the U.S., you will pay tariffs. This is a very wise approach and it works."Trump had previously imposed a 25% tariff on some advanced semiconductors and ordered additional import tariffs on these chips in January of this year after the U.S. Department of Commerce completed relevant trade investigations. However, the scope of the new round of tariffs may expand from semiconductors themselves to products containing chips, thereby affecting imports of data center servers and consumer electronics.

According to The Block, Securitize President Brett Redfearn stated that the U.S. Securities and Exchange Commission withdrew the crypto innovation exemption rule last Friday due to concerns about the voting progress of the Clarity Act.Redfearn expects that the rule will be introduced after the Senate votes on September 15, possibly in early October.

The U.S. Securities and Exchange Commission (SEC) suddenly canceled the meeting originally scheduled for last Friday. The meeting was planned to advance the formulation of cryptocurrency regulatory rules and to announce the repeatedly postponed innovation exemption arrangements, which may be related to the Clarity Act.Earlier last week, the SEC announced it would hold a public meeting where commissioners would discuss the Reg Crypto proposal, which involves how companies can raise funds through tokens and ultimately exit SEC oversight after issuing their own digital assets. The SEC had originally planned to announce at least some of the innovation exemption arrangements, concerning how security token issuers handle the underlying securities. Both of these arrangements did not proceed as scheduled.

The SEC has postponed the "innovation exemption" plan for tokenized securities and canceled the cryptocurrency rules meeting, causing concept stocks such as Bullish, Coinbase, and the UNI token to drop.

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) will once again delay the launch of its innovative exemption program for tokenized assets due to concerns raised by Wall Street and the White House. The exemption was originally intended to provide U.S. crypto companies with a regulatory sandbox of 12 to 36 months, allowing them to issue and trade tokenized securities.The core controversy lies in whether the exemption terms allow third parties to issue stock tokens without the consent of the listed company. SEC Commissioner Hester Peirce defended on the X platform that the framework is limited in scope, only facilitating the digital representation trading of existing equity securities, rather than synthetic products.

According to Decrypt, the U.S. Securities and Exchange Commission (SEC) plans to launch two crypto-related initiatives in the coming days, while the Congressional CLARITY Act remains stalled until at least September. The SEC intends to propose "Regulation Crypto" at a public meeting on Friday, allowing projects to raise funds through token sales without completing a full securities registration.The SEC also plans to introduce an "innovation exemption" for tokenized stocks, with details potentially announced on Friday. This exemption will allow tokenized versions of stocks like Apple, Tesla, and Nvidia to be traded on the blockchain around the clock, supporting fragmented trading and near-instant settlement.Such tokens typically track stock economic exposure but do not carry voting rights or dividend rights. This initiative is part of SEC Chairman Paul Atkins' "Project Crypto" agenda, with Robinhood Chain, Solana, and Base already advancing related on-chain markets.

According to a post from Wanchain's official X account, on July 20, 2026, the Wanchain Bridge Cardano cross-chain bridge was attacked, and hackers stole NIGHT tokens. Wanchain immediately issued a notice to the attackers, requesting them to return 90% of the stolen NIGHT tokens by August 6 at 12:00 UTC, allowing them to keep 10% as a white hat bounty, and promising not to pursue civil liability.Currently, some community users have pointed out that the hackers have completed the exchange of NIGHT tokens on DEX, and the price of NIGHT tokens has dropped by over 30%, now reported at $0.0188.

Analyst jukan from Citrini posted on platform X that, according to WSJ, Apple has obtained a semiconductor tariff exemption after committing to use Intel's foundries. Apple will not only produce Mac chips at Intel but will also produce iPhone chips.

According to the official announcement, Gate DEX has officially launched the Welfare Center. The Welfare Center is designed around the entire process of on-chain trading, guiding users to quickly complete their first on-chain transaction and continuously receive more rewards through novice tasks, trading challenges, and exclusive rights. Whether it's the first experience with Gate DEX or long-term active trading users, everyone can complete corresponding tasks in the Welfare Center to receive up to 5,400+ USDT contract trial funds.Specific benefits include: Novice tasks, where users can start the "7-day novice growth task" upon entering the Welfare Center. By connecting Gate Wallet and completing specified on-chain actions such as the first spot, contract, Swap, and Meme Go transactions, users can receive rewards;Advanced trading challenges, where users complete net recharge and trading challenges, unlocking higher-level rewards as trading volume increases; Meme & exchange exclusive challenges, where users can not only receive rewards after completing corresponding level tasks but also unlock Gate DEX exclusive Gas-free rights, reducing on-chain trading costs.

According to a report by Reuters, Carlos San Basilio, the chairman of Spain's market regulator CNMV, stated that for cryptocurrency companies that fail to obtain the EU MiCA license by the end of June, the regulator will not grant any extensions or exemptions, and large platforms must exit the EU market in accordance with regulations.The regulator is maintaining close communication with unauthorized companies, focusing on their exit plans and arrangements for the transfer of customer assets to protect investor rights. He also warned that investors who engage in new transactions on unauthorized platforms will no longer enjoy protection under the MiCA framework.

According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) announced an extension of the temporary enforcement exemption period for digital asset businesses applying for an Australian Financial Services (AFS) license until September 30, 2026, extending the previous deadline of June 30 by three months.This extension also broadens the scope of the exemption, including digital asset businesses operating through authorized representatives or arrangements with licensed company intermediaries in the transitional protection period. ASIC stated that since the update of the digital asset regulatory guidelines in October 2025, approximately 30 license applications have been received.It is noteworthy that this extension is independent of Australia's "Digital Asset Framework," which was passed by Parliament in April this year and is scheduled to officially take effect on April 9, 2027. ASIC warned that businesses licensed under the current guidelines may still need to obtain additional authorizations after the new framework is implemented.

According to Bitcoin Magazine, Coinbase's Vice President of Tax, Lawrence Zlatkin, has proposed to U.S. lawmakers to establish a de minimis capital gains tax exemption threshold for everyday small Bitcoin transactions, arguing that "Americans shouldn't have to hire an accountant just to buy a pair of jeans with BTC."

According to BBX data, the global competition between crypto compliance infrastructure and traditional financial capital entered a heated stage yesterday, with brokerage giants and old money on Wall Street clashing over the advancement of legislation. The core dynamics are as follows:Coinbase receives CFTC 16-page no-action letter authorization: Coinbase Global, Inc. (NASDAQ: $COIN) officially announced that the Commodity Futures Trading Commission (CFTC) has issued a 16-page "no-action letter" to its subsidiary CFM. This authorizes CFM to officially offer perpetual contracts and options for "digital commodities" such as BTC, ETH, SOL, and DOGE to U.S. institutional clients through the foreign exchange Deribit FZE, which it previously acquired for $2.9 billion. The letter also allows clients to directly transfer digital assets and stablecoins to Deribit FZE as collateral.Dimon publicly declares war on the CLARITY Act: Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE: $JPM), publicly expressed strong opposition to the CLARITY Act currently advancing in the Senate during a Fox Business program. Dimon warned that the act allows crypto companies to pay users "yield rewards" in stablecoins, effectively bypassing the capital and compliance standards of traditional banking. He formed a coalition with the American Bankers Association, publicly committing to "fight to the end" against this legislation.

According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has delayed a broad exemption plan for U.S. cryptocurrency companies to trade tokenized assets. Sources say that SEC staff originally planned to release the so-called "innovation exemption" as early as this week, allowing relevant institutions to advance trading of tokenized assets linked to U.S. stocks under certain conditions. The report states that the draft plan has been drafted and reviewed by SEC staff.

U.S. SEC Commissioner Hester Peirce stated that the SEC's "innovation exemption" for tokenized stocks is expected to apply only to on-chain equity products. She pointed out that synthetic tokens that merely mimic stock price performance but do not possess full shareholder rights are expected to not meet the relevant regulatory exemption requirements.

According to CoinDesk, bipartisan lawmakers Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly reintroduced the "Digital Asset Protection, Accountability, Regulatory, Innovation, Taxation, and Revenue Act" (also known as the "Equality Act") this Wednesday. The new version of the bill mainly covers the following points: first, it stipulates that regulated payment stablecoins do not generate gains or losses if the cost basis is not less than 99% of the redemption value; second, it establishes a safe harbor for broker-dealer transactions or taxpayer account transactions; third, it clarifies that "wash sale" rules apply to digital assets; fourth, it requires the IRS to assess the current tax burden of small cryptocurrency transactions and to study the feasibility of establishing a tax exemption for transactions under $200 and the potential risks of abuse.The cryptocurrency industry has long advocated for tax exemptions on small transactions to promote the use of cryptocurrencies in everyday payment scenarios. Lawmaker Horsford stated that tax policy is the foundation of the cryptocurrency regulatory framework, and that current tax laws have not clearly addressed many core issues related to digital assets.