The Federal Deposit Insurance Corporation is advancing the first regulatory framework for stablecoin issuers under federal banking supervision. The FDIC's proposal establishes qualification requirements and approval mechanisms for companies issuing dollar-pegged tokens under the GENIUS Act. The rule is expected to be submitted to the House Financial Services Committee before the end of the month.

Israel's central bank announced stricter oversight rules for private stablecoin operators as the country prepares to roll out its digital shekel by 2026. Bank of Israel Governor Amir Yaron stated that new licensing, reserve, and reporting requirements will target firms serving local users, citing concerns over market concentration dominated by Tether and Circle.

Vanguard has enabled US clients to trade regulated cryptocurrency ETFs on its brokerage platform, including funds linked to Bitcoin, Ethereum, XRP and Solana. The policy shift follows the appointment of CEO Salim Ramji, former global head of ETFs at BlackRock. XRP ETFs have recorded $756 million in net inflows across 11 trading days with no outflows, according to available data.

Vanguard Group will enable crypto ETF trading for its brokerage customers starting December 2, 2025, granting access to over 50 million investors. The platform will support Bitcoin, Ethereum, XRP, and Solana ETFs. The asset manager cited matured administrative processes and evolving investor preferences as reasons for the policy shift.

The Federal Deposit Insurance Corporation will publish its first stablecoin regulatory proposal later this month, acting chair Travis Hill said. The framework will establish application procedures for issuers under the GENIUS Act, which assigns the FDIC oversight of bank-issued stablecoins. A second proposal on prudential standards is expected in early 2026.

Japan's government and ruling coalition have endorsed a comprehensive overhaul of cryptocurrency taxation, proposing a uniform 20% rate on digital asset gains. The Financial Services Agency introduced the plan in November and intends to submit legislation to the Diet in early 2026. The reform would align crypto taxation with equities and investment trusts, which currently face the same 20% rate.

Vanguard Group, the world's second-largest asset manager, will allow trading of cryptocurrency-focused ETFs and mutual funds on its platform starting Tuesday. The firm, which previously deemed digital assets highly volatile, now supports funds investing in Bitcoin, Ether, XRP, and Solana. The decision provides more than 50 million brokerage clients managing over $11 trillion in assets with access to regulated crypto investment vehicles.

Bitcoin fell from above $89,000 to nearly $86,000 within one hour at the start of December, while Ethereum declined more than 5% in the same period. Total crypto market capitalization dropped from approximately $1.82 trillion to below $1.72 trillion, reaching its lowest level in recent weeks.