Visa plans to add support for four new stablecoins on four distinct blockchains, expanding its digital asset infrastructure. The move aims to broaden global payment capabilities and allow banks to mint and burn stablecoins via its tokenized platform.

Canada's financial intelligence unit FINTRAC has imposed a C$19.6 million ($14.09M) fine on KuCoin operator Peken Global Limited for failing to register as a foreign money services business and neglecting to report nearly 3,000 large cryptocurrency transactions between 2021-2024, marking the country's largest anti-money laundering penalty.

The Biden administration is reportedly vetting multiple candidates for CFTC chairmanship amid Brian Quintenz's stalled confirmation process. According to September 24-25 reports, potential nominees include former CFTC official Josh Sterling, NCUA chief Kyle Hauptman, and former commissioner Jill Sommers, following controversy around Quintenz's communications with Gemini co-founder.