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Thu, May 21, 2026 at 10:56 AM EDT
STORY: From a crackdown on Iran to a euro stablecoin…This is Crypto Weekly. :: Crypto Weekly :: Iran crackdownU.S. Treasury Secretary Scott Bessent called on allies to more forcefully disrupt Iran’s financing networks…and make it easier for financial institutions to root out sophisticated terrorist financing schemes.The U.S. Treasury has stepped up its sanctions efforts through a program dubbed “Economic Fury.”It’s frozen nearly half a billion dollars worth of cryptocurrency linked to Iran’s regime.:: Polish crypto regulationPolish lawmakers adopted a bill regulating cryptocurrencies.It’s as a scandal involving the collapse of the country’s biggest exchange deepened…and amid a row over how much to supervise the growing sector.Polish prosecutors have launched a multi-million dollar fraud probe into the Zondacrypto exchange..amid allegations – including from Prime Minister Donald Tusk – of malign Russian influence.:: Financial innovationU.S. President Donald Trump signed an executive order calling on regulators and the Fed to review rules that may be stifling financial innovation…including whether the central bank could expand fintech access to its payment rails…the systems that move money between banks.:: Euro stablecoinTwenty-five more banks, including lenders ABN Amro and Sabadell…have joined a European consortium planning to launch a euro-pegged cryptocurrency later this year.The consortium – which set up an Amsterdam-based company called Qivalis last year – now has 37 financial institutions as members.They include ING, BNP Paribas and BBVA.The project is framed as a way to counter U.S. dominance in digital payments.