Hong Kong is trying to build up its crypto regulations: State of Crypto

Several leaders in Hong Kong announced efforts to advance the region's regulatory environment. What to know : The U.S. Senate's crypto market structure bill has been waylaid by a dispute over something that's not related to market structure: yield on stablecoins. The Digital Chamber is offering a response to a position paper circulated earlier this week by bankers who oppose stablecoin yield. The crypto group's own principles documents argues that certain rewards are needed on stablecoin acvitity, but that the industry doesn't need to pursue products that directly threaten bank deposits business.(Coindesk)