Caroline Pham: CFTC Can Regulate Crypto Markets Without Congressional Authorization

[Yixin-Related Company Under Investigation for Alleged Criminal Activities, Actual Controllers Subject to Criminal Coercive Measures] The Chaoyang Branch of the Beijing Public Security Bureau has launched an investigation into a Yixin-related company for alleged criminal activities. Several suspects, including the actual controllers Tang and Zhao, have been subjected to criminal coercive measures. On May 22, Yixin Group ceased payments for quasi-fixed income products, and on October 11, it issued an apology letter, stating that the group is insolvent and faces a significant debt repayment gap. Yixin and its affiliated investment funds have previously participated in financing projects such as Circle, Figure, Matrixport, and Poko. Yixin has established CreditEase Asset Management (Singapore) Pte. Ltd. in Singapore, holding a Capital Markets Services License issued by the Monetary Authority of Singapore. (Source: 21st Century Business Herald)

The British government has frozen the luxury mansion and luxury watch assets worth over 10 million pounds owned by Li Tian, the financial director of Crown Prince Group, in London. Li Tian was accused by the US Treasury Department of managing the illegal fund flows and bulk cash smuggling of the Crown Prince Group, and was included in the global sanctions list by the UK government on March 26, 2026, facing asset freeze, travel ban, and director qualification restrictions.

The Finance Committee of the French National Assembly has passed the I-CF821 amendment, which proposes to require holders of self managed cryptocurrency assets worth 100000 euros (approximately 112000 US dollars) or more to declare their holdings. Those who fail to declare will face a maximum fine of 10000 euros. The proposal was put forward by Charles de Courson, Jean Pierre Bataille, and Michel Castellani, and will only take effect after it is approved during the National Assembly's review of the revenue portion of the budget.

Upbit will launch RSR Korean won and USDT trading pairs.

Fuguo Bank is in talks with Kraken's parent company Payward to explore the possibility of Payward providing liquidity support for Fuguo Bank's digital asset trading business. Payward will provide market depth and transaction execution support to assist Wells Fargo in expanding its cryptocurrency trading channels. In September 2026, Nasdaq invested $100 million in Payward, valuing it at approximately $21 billion, with Wells Fargo serving as the exclusive capital markets advisor for the transaction. Payward is also in talks with BNY for infrastructure cooperation covering digital asset products, custody, wealth management, trading, and payments.