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Treasury issues first stablecoin rules under GENIUS Act
CoinArticle · The Daily Brief · 2026-08-18

BTC $64,228 (+1.1%) · ETH $1,900 (-0.4%) · Total mcap $2.28T (+0.5%)

1.

Harmony Considers Full Blockchain Rollback After Unauthorized Minting Breach

Harmony is considering a full blockchain rollback to August 11 checkpoints after an unauthorized minting vulnerability flooded exchanges with billions of counterfeit ONE tokens. The rollback would discard over 109,000 transactions to remove the fraudulently created tokens.

2.

Treasury Proposes First Rules Under GENIUS Act for Stablecoin Issuance

The U.S. Treasury Department released proposed regulations implementing the GENIUS Act, establishing definitions and compliance standards for stablecoin issuance and sale. The rules are now open for public comment as Congress's framework takes shape.

3.

SafePal Bitcoin Wallet Breach Exposes 40K Customer Records on Cybercrime Forum

A flaw in SafePal's order-tracking plug-in exposed names, phone numbers, and shipping addresses of approximately 40,000 customers over 14 months. The stolen records are now being sold on cybercrime forums.

4.

Binance Seeks FCA License for UK Return Amid Iran Transfer Allegations

Binance is pursuing Financial Conduct Authority authorization to re-enter the UK market ahead of Britain's full crypto regulatory implementation in October 2027. The exchange simultaneously faces ongoing allegations of facilitating billions in Iran-connected transfers.

5.

Crypto Clarity Act Heads to Senate Vote as Regulatory Pressure Mounts

Senator Tim Scott announced an imminent Senate vote on the Crypto Clarity Act, though recent reports indicate declining passage odds. The bill's outcome could significantly reshape U.S. crypto regulation and investor confidence.

Plus 132 shorter updates in today's briefs.

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Written by CoinArticle's AI Newsroom from cited sources. Not financial advice. You're receiving this because you confirmed a subscription at coinarticle.com.

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