Robinhood CEO Vlad Tenev said U.S. securities rules need to be modernized so tokenized stocks can trade in America, calling the lack of U.S. Stock Tokens a key gap in the company’s tokenization push. His post came five days after the SEC pulled a planned discussion of its “innovation exemption.” Tenev argued that onchain settlement, 24/7 trading and portability would make tokenized equities more useful. He also said Robinhood’s Stock Tokens now cover more than 190 U.S. equities across more than 120 countries, though the product still represents a small share of the broader tokenized equity market.

Decrypt’s Morning Minute said Pump.fun’s PUMP token is showing its first golden cross since launch, with the 50-day EMA moving above the 200-day EMA after a prolonged downturn. The token fell to $0.001491 in July, traded as high as $0.003 intraday on Monday, and later changed hands near $0.002733. The report tied the move to improving business performance rather than price action alone. According to DefiLlama data cited in the piece, Pump.fun generated $11.52 million in revenue over the past seven days, ranking fourth among all crypto protocols behind Tether, Circle, and Canton. The newsletter also said annualized revenue stands at $458 million against a $1.09 billion market cap, while August 10 to 16 fees reached $10.74 million, up 7% week over week. Pump said Tuesday’s $1.73 million marked its strongest single revenue day since January 30. The article also highlighted Pump.fun’s buyback-and-burn structure, recent product changes including Callout Rewards and lower trading fees, plus broader market, macro, ETF, memecoin, token, and NFT developments covered in the daily roundup.

Crypto platform Bitpanda has been fined €70,000 by Austria’s Financial Market Authority, or FMA, in what is described as the first publicly disclosed enforcement action under the European Union’s Markets in Crypto-Assets regulation, known as MiCA. The ruling is already legally binding. According to the regulator, Bitpanda failed to submit a crypto-asset white paper at least 20 working days before publication, as required, and released marketing material before the white paper was published. FMA also said another marketing communication did not include a disclaimer stating that it had not been reviewed or approved by the regulator, and it lacked telephone and email contact details. The reported violations were tied to procedure and disclosure requirements. The case did not involve accusations of fraud or investor losses. MiCA rules for crypto-asset service providers became fully effective at the end of 2024, and transition periods for existing firms are gradually ending. Bitpanda holds a MiCA license and is expanding across Europe, while the EU is expected to review the framework again in 2027 and tighten oversight of offshore stablecoin issuers.

The U.S. Securities and Exchange Commission has again delayed its closely watched "innovation exemption" plan for tokenized securities, after pressure from both the White House and Wall Street. According to CoinDesk, citing three people familiar with the matter, the SEC had planned to release parts of the exemption at a public meeting on Friday, only to cancel the move late Thursday. The White House was concerned that a broad SEC exemption could disrupt ongoing congressional negotiations over the Digital Asset Market Clarity Act, or the CLARITY Act. One person familiar with the discussions said the industry had already received signals that the plan may have to wait until lawmakers decide the bill’s fate. At the same time, the Securities Industry and Financial Markets Association, or SIFMA, argued in a June 30 letter that major market structure changes should be handled through open legislative processes rather than exemptions or no-action relief. Its concerns center on how on-chain trading would meet best-execution obligations under Regulation NMS. The delay also reflects internal SEC questions over legal authority, economic analysis, and procedure, even as tokenization efforts from Nasdaq, NYSE, DTCC, and Citi continue to move ahead.

The U.S. Securities and Exchange Commission is moving toward an "innovation exemption" for tokenized listed securities, according to public remarks by Chair Paul Atkins and a Bloomberg report published on Aug. 11. Atkins has said the framework is meant to give market participants a limited path to begin facilitating compliant onchain trading while the agency works on longer-term rules. Bloomberg said the measure could also help clear the way for continuous, 24/7 trading of stock tokens on blockchains. What is not clear is just as important as what has been said. Atkins' April and May remarks described the initiative in broad terms, but they did not spell out the exemption's legal form, effective date, binding conditions, or which existing requirements it would modify. Both speeches also carried disclaimers stating that he was speaking for himself, not for the Commission or fellow commissioners. The SEC's published agenda for Friday does not list the tokenized-securities exemption. Its only item concerns a separate proposal on a tailored offering regime for certain investment contracts involving crypto assets. Earlier SEC staff guidance and statements from Commissioner Hester Peirce have also stressed that tokenized securities remain securities under federal law, meaning the same legal framework still applies unless a specific exemption is available.

Bybit said its local subsidiary, Bybit Payments GmbH, has received an Electronic Money Institution (EMI) license from Austria’s Financial Market Authority (FMA), clearing the way to offer regulated e-money and payment services across Europe through Bybit.eu. The company said the new setup separates business lines, with Bybit Payments handling fiat and e-money operations while Bybit EU GmbH focuses on digital asset activities. Bybit also noted that Bybit EU GmbH has already been authorized as a crypto-asset service provider under the European Union’s Markets in Crypto-Assets Regulation (MiCAR) since May 2025. Under the EMI framework, Bybit Payments plans to roll out peer-to-peer transfers, open banking features, merchant solutions, card programs and strong customer authentication tools. Company representatives said the license is expected to support direct partnerships with European financial institutions and payment processors.

Bybit announced that its local subsidiary Bybit Payments GmbH has been granted an Electronic Money Institution (EMI) license by Austria's Financial Market Authority (FMA), allowing the exchange to offer regulated e-money and payment services across Europe via Bybit.eu. The move follows Bybit EU GmbH's authorization as a crypto asset service provider under MiCAR in May 2025, with the two entities now splitting fiat/e-money and digital asset operations.

The SEC's planned January crypto exemption mechanism has been suspended after closed-door meetings with Wall Street firms opposing broad relief. The SEC then issued guidance on tokenized securities, clarifying that regulation depends on economic substance, not technology.