KPMG U.S. issued an unqualified audit opinion on Tether's 2025 financial statements, marking the stablecoin issuer's first independent Big Four audit of its $180 billion USDT reserves. The audit reported a $6.814 billion reserve surplus and included physical verification of collateral holdings.
The SEC cancelled a scheduled Friday meeting to propose Reg Crypto, the first comprehensive regulatory framework for digital assets under its jurisdiction. No new date has been set, extending regulatory uncertainty affecting market clarity and legislative planning.
The Blockchain Association filed an amicus brief supporting Custodia Bank's Supreme Court petition against the Federal Reserve's denial of master account access. The case could determine whether digital asset banks gain direct payment system participation, reshaping financial infrastructure for crypto firms.
KPMG issued an unqualified audit opinion on Tether's 2025 financial statements, with reserves exceeding liabilities by $6.81 billion according to CryptoPotato. However, Tether has not publicly released the audited statements or the opinion letter itself, and the audit was conducted under AICPA rather than PCAOB standards.
A Seoul court sentenced Delio CEO Jeong Sang-ho to 15 years in prison for defrauding over 1,100 customers of approximately $49-50 million in crypto assets. The conviction marks a significant enforcement action by South Korean authorities against a centralized finance platform operator.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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