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Paxos acquires Membrane Finance for EU stablecoin expansion

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Paxos, a leading blockchain infrastructure firm, has acquired Membrane Finance, a European-focused stablecoin platform, as part of its expansion plans in the EU. The acquisition aims to strengthen Paxos’ position in the European market by enhancing its stablecoin offerings and aligning with the growing demand for digital assets across the region. Membrane Finance’s expertise in stablecoin solutions and regulatory compliance will enable Paxos to navigate the evolving European crypto landscape more effectively.

The move comes at a time when Europe is increasing its focus on crypto regulation, with initiatives like the Markets in Crypto-Assets (MiCA) framework poised to reshape the industry. By acquiring Membrane Finance, Paxos gains access to a fully compliant infrastructure tailored to European regulations, which is essential for operating stablecoins within the region. This acquisition positions Paxos to provide more localized solutions, addressing the specific needs of European clients and institutions looking to incorporate digital assets into their operations.

Membrane Finance’s technology, which focuses on the issuance and management of stablecoins, will complement Paxos’ existing capabilities, including its own Paxos Dollar (USDP). The integration of Membrane’s infrastructure into Paxos’ broader ecosystem will help streamline the process of issuing, managing, and redeeming stablecoins, while also improving the scalability of its offerings across Europe. This acquisition allows Paxos to deliver enhanced services, including faster cross-border payments and digital asset solutions, within the EU.

With the EU crypto market continuing to grow, Paxos’ acquisition of Membrane Finance marks a key step in its strategy to lead the stablecoin space globally. By combining Paxos’ experience with Membrane’s regional expertise, the company aims to provide secure, compliant, and efficient stablecoin solutions to European consumers, businesses, and institutions. As regulatory clarity improves across Europe, this move underscores Paxos’ commitment to expanding its footprint and capitalizing on the opportunities in the rapidly evolving digital asset market.

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US lawmakers advance anti-CBDC bill

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U.S. lawmakers have voted to advance a bill aimed at blocking the Federal Reserve from issuing a central bank digital currency (CBDC), marking a major step in the political pushback against the development of a digital dollar.

The bill, which passed through the House Financial Services Committee, would prohibit the Fed from directly offering accounts or issuing a CBDC to individuals, citing concerns over surveillance, privacy, and government overreach.

Supporters of the legislation argue that a digital dollar could pose significant risks to civil liberties, enabling real-time tracking of consumer transactions and expanding federal control over personal finances. They view the bill as a safeguard against what they describe as a “surveillance-style” monetary system.

Opponents of the bill, however, argue that restricting CBDC development could hinder U.S. innovation and global competitiveness in the evolving digital financial landscape.

The legislation now moves closer to a potential floor vote in Congress. Its progress underscores growing ideological divisions over the future of money in the United States, with CBDCs emerging as a new front in the broader debate over digital governance, financial freedom, and the role of government in the digital age.

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Gemini to open Miami office after judge stays SEC case

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Crypto exchange Gemini has opened a new office in Miami, reinforcing its commitment to expanding operations despite pausing its plans for an initial public offering (IPO) amid a continuing legal battle with the U.S. Securities and Exchange Commission (SEC).

The Miami office signals the company’s long-term vision for growth in key U.S. markets, even as regulatory uncertainty clouds the broader crypto landscape. The expansion comes at a time when Gemini is facing heightened scrutiny from the SEC over its Earn program, which the regulator alleges involved unregistered securities.

While the IPO remains on hold, Gemini continues to strengthen its infrastructure and team, focusing on user growth, compliance, and regional outreach. The Miami hub is expected to play a strategic role in those efforts, leveraging the city’s growing status as a U.S. crypto hotspot.

Co-founders Cameron and Tyler Winklevoss remain vocal about the need for clear regulatory frameworks and have emphasized that Gemini will continue to fight for fair treatment while building responsibly in the U.S. and abroad.

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Coinbase Institutional files for XRP futures trading with CFTC

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Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to offer XRP futures trading, marking a significant move toward expanding institutional access to Ripple’s native token.

The filing, submitted through Coinbase Derivatives, signals the exchange’s intent to list XRP futures contracts in a regulated environment. If approved, it would allow institutional investors to gain exposure to XRP through derivative products, a key step in broadening the token’s presence in traditional financial markets.

This development comes amid a gradually improving regulatory climate for XRP, following a partial legal victory for Ripple in its ongoing case with the U.S. Securities and Exchange Commission (SEC). The outcome gave XRP a degree of legal clarity, opening the door for exchanges and financial institutions to re-engage with the asset.

Coinbase’s push to expand its derivatives offerings also aligns with its strategy to build a more robust institutional platform. Approval from the CFTC would position the exchange to capitalize on growing demand for regulated crypto investment vehicles.

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