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Today in crypto, US regulators missed the rulemaking deadline under the GENIUS Act, France ordered internet service providers to block access to Polymarket and European regulators added 14 crypto firms to the MiCA register in the second post-deadline licensing update.
US agencies miss GENIUS Act deadline for final stablecoin rules
US regulatory agencies missed the rulemaking deadline under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act on Saturday, which marked one year since the law was signed.
Several US regulatory agencies published proposed rules and collected public feedback during the past year, but no final regulations were issued before the deadline.
These agencies include the Department of the Treasury, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board, which issued proposed rules but no final rules, according to rulemaking trackers by law firm Chapman and crypto investment company Paradigm.
Missing the statutory deadline does not invalidate the GENIUS Act, but the unfinished rules may result in regulatory uncertainty for stablecoin issuers.
The GENIUS Act established the first comprehensive federal regulatory framework for stablecoins in the US. The act was signed into law by US President Donald Trump on July 18, 2025.
French gambling regulator orders ISPs to block Polymarket
France’s Autorité nationale des jeux (ANJ), or the National Gambling Authority, has ordered internet service providers to block access to Polymarket.
Prediction websites are considered illegal gambling, the ANJ said in a Friday press release.
The regulator said that Polymarket’s operations are not authorized in France and that advertising unauthorized gambling sites constitutes a criminal offense with fines of up to 100,000 euros ($114,000).
Prediction markets allow users to buy and sell contracts tied to the outcomes of future events, from elections and sporting events to economic data and geopolitical developments. Polymarket has surged in popularity over the past two years, with billions of dollars in trading volume, while drawing scrutiny from regulators over whether its event contracts constitute illegal gambling or unlicensed financial products.
Countries that blocked access to Polymarket include Singapore, Poland, Portugal, Hungary, Ukraine, Brazil and Indonesia. At press time, Polymarket said it was geoblocked in 36 regions.
France’s gambling regulator first shared plans to block the platform in November 2024 for failing to comply with national gambling laws.
ESMA adds 14 new CASPs to MiCA register as licensing slows
European authorities added 14 crypto companies to the Markets in Crypto-Assets (MiCA) framework register in the second post-deadline update, signaling a slower licensing pace after an initial surge.
The European Securities and Markets Authority (ESMA) updated its interim MiCA register on Thursday, bringing the total number of licensed crypto-asset service providers (CASPs) to 294.
The new entries include Ripple Payments Europe, the European payments arm of blockchain company Ripple, as well as Portugal-based Bison Bank and Croatia’s state-owned bank, Hrvatska poštanska banka (HPB).
The update follows ESMA’s previous register expansion on July 3, when the regulator added 37 CASPs in the first major post-deadline update after MiCA’s transitional period ended.
ESMA reported no changes to its registers for electronic money tokens (EMTs), a category of crypto-assets designed to maintain a stable value against a single official currency, or asset-referenced tokens (ARTs), which are linked to multiple assets such as currencies or commodities.