Ten crypto news items: stablecoins, tokenisation and trading inventory

The US government is exploring plans to spread dollar-pegged stablecoins abroad in order to strengthen the dollar’s position as a reserve currency. At the same time, the SEC is opening a path for tokenised shares on the blockchain, and Blockchain.com and the NYSE are announcing a partnership for tokenised US shares and ETFs. These are the ten most important news items of the day, summarised by Cointelegraph.

In brief:

• The US and China extend their trade agreement, and Trump expects leading figures from tech and finance at the state dinner for Xi.
• The CFTC announces a crypto market structure framework, while the SEC permits tokenised shares within existing securities legislation.
• Visa reports that stablecoin adoption among Americans rises from 36% to 56% when consumer protection is added.

Trade agreement extended, state dinner for Xi

Treasury Secretary Scott Bessent says that the US and China are extending their Busan trade agreement until 10 January. The truce, which was reached earlier this year, gives both countries extra time to work on a broader trade agreement.

President Trump says he expects a large gathering from the tech and banking world at tomorrow evening’s state dinner for Chinese President Xi Jinping. “I would say: the whole tech world, the whole banking world, and much more,” Trump said.

Stablecoins and tokenisation take centre stage

According to reports, the US government is exploring a plan to actively promote dollar-stabilised stablecoins abroad. The aim is to increase the dollar’s dominance as a global reserve currency. We have previously written about the growing interest in stablecoins among major financial players.

Research by Visa shows that Americans’ willingness to use stablecoins rises from 36% to 56% once statutory consumer protections are attached. Those figures fuel the debate about stablecoin legislation in Washington.

At the same time, the SEC is opening a path for tokenised shares that can be traded via the blockchain, within existing US securities legislation. Blockchain.com and the New York Stock Exchange announce that they will jointly offer tokenised US shares and ETFs. Hong Kong wants to launch a pilot with tokenised Exchange Fund Bills before the end of 2026.

Clarity Act faces delay, CFTC takes a step forward

Patrick Witt, the White House crypto adviser, blames Democrats and banks for the delay surrounding the Clarity Act. Speaking to Punchbowl, he also admits that he himself has little experience with the legislative process in Washington.

CFTC Chairman Mike Selig announces that the regulator is using its existing powers to roll out a framework for crypto market structure. “It’s GO TIME,” he writes. The US Treasury Department also plans to buy back up to $6 billion in long-term government securities on Thursday, three times the initially planned $2 billion. Bitcoin ETFs are meanwhile benefiting from sustained inflows into the market.