Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, Australia’s financial regulator has granted licensing exemptions for intermediaries distributing AFS-licensed stablecoins, Coinbase’s Brian Armstrong is confident a crypto bill will pass through Congress, and Wormhole released updated tokenomics for its native token, introducing a reserve and higher yields for stakers.

The Australian Securities and Investments Commission (ASIC) has introduced licensing exemptions for intermediaries involved in the distribution of stablecoins issued by licensed entities.

Under the newly published ASIC Corporations (Stablecoin Distribution Exemption) Instrument 2025/631, intermediaries distributing a stablecoin issued by an Australian financial services (AFS) licensee are no longer required to hold their own AFS, market or clearing and settlement facility licenses.

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