Stablecoin adoption, digital asset regulation, and Bitcoin activity dominated the week’s crypto developments, with Switzerland and Uzbekistan launching new stablecoin pilots while the UK House of Lords backed a government digital asset strategy plan. Russia also introduced mandatory taxpayer identification for crypto depository accounts, as Bitcoin network activity surged in 2026, highlighting continued momentum across the digital asset sector.
European industry calls for bigger DLT limits
A coalition of financial and tokenization companies has asked EU lawmakers to reconsider proposed limits under the Distributed Ledger Technology (DLT) Pilot Regime.
In a September 7 letter to members of the European Parliament and the EU Council, the groups argued that a proposed €100 billion ceiling for financial instruments admitted to DLT infrastructure could constrain the development of regulated tokenized markets. If lawmakers retain a cap, the coalition is calling for a minimum threshold of €500 billion.
The signatories include Nasdaq, Boerse Stuttgart Group, Securitize, the European Ethereum Institute, and Axiology. Their argument centres on the scale that tokenized securities could eventually reach, with some European projects already approaching hundreds of billions of euros in assets.
The DLT Pilot Regime, which has been operational since 2023, allows financial market participants to experiment with blockchain-based trading and settlement while receiving exemptions from certain existing financial-market requirements.
The industry groups are also seeking broader eligibility for assets and fewer restrictions that could make it harder for European onchain markets to compete with developments in the United States.
U.S. lawmakers face renewed pressure on CLARITY Act
Across the Atlantic, attention is returning to the CLARITY Act as the U.S. Senate prepares to resume work following its August recess.
Treasury Secretary Scott Bessent has urged senators to continue negotiations and move forward with the digital asset market structure bill. He warned that failure to advance the legislation could weaken the United States’ position in the global digital asset industry.
The CLARITY Act is designed to establish a comprehensive regulatory framework for digital assets, including clearer rules around market oversight and the roles of financial regulators.
The bill faces significant political and industry debate, however. While it cleared the Senate Banking Committee in May, opponents have raised concerns about provisions affecting stablecoin yields and whether crypto companies could gain advantages over traditional financial institutions.
With the Senate returning, the legislation faces another important test. Its progress could influence how quickly the U.S. develops a unified digital asset regulatory framework and how the country competes with other jurisdictions seeking to attract blockchain and tokenization businesses.
Disclaimer: The content of this article is for informational purposes only and does not constitute financial, investment, or trading advice. Readers should conduct their own research and consult a qualified cryptocurrency advisor before making any investment decisions.
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Rodcas Consulting Group