On June 6, 2026, House Financial Services Committee member French Hill said stablecoins should not pay interest, arguing that yield-bearing designs resemble bank deposits or money market funds and could sidestep obligations banks face. He also pointed to tokenized deposits as an alternative that can settle 24/7 on blockchain while keeping funds inside regulated, federally insured bank accounts.

Securitize's registration statement for its planned SPAC merger with Cantor Equity Partners II has been declared effective, clearing a key step toward a NYSE listing. Shareholders of record as of May 11, 2026 are set to vote on June 29, and the combined company would trade as Securitize Corp. under the ticker SECZ. The move comes as tokenized real-world assets (excluding stablecoins) total about $31.15 billion in distributed value and regulators outline approaches for tokenized securities.

California regulators are using enforcement cases to outline a clearer supervisory playbook for crypto ATM operators, emphasizing consumer protections, operational controls, and AML compliance. The latest settlement involves Anh Management, LLC (Hermes Bitcoin), which agreed to stop running digital financial asset kiosks in the state after alleged violations tied to DFAL, CCFPL, and federal AML requirements.

On June 2, 2026, the European Banking Authority (EBA) and the New York State Department of Financial Services (NYDFS) signed a Memorandum of Understanding setting out cooperation on cross-border stablecoin oversight. The arrangement covers information sharing and supervisory coordination on topics such as reserve assets, liquidity, governance, stress testing, ICT systems, and investigations. It is intended to support supervision of entities whose stablecoin-related activities could affect holders, market participants, or financial markets in the EU or New York.

On June 5, 2026, JPMorgan, Bank of America, Citigroup, and Wells Fargo were reported to be building a shared blockchain network to tokenize corporate deposits, with a targeted launch in the first half of 2027. In parallel, Stripe, Visa, and Mastercard are assembling stablecoin-based payment infrastructure after acquisitions totaling $2.9B, aiming to push cross-border B2B costs below 0.1% per transaction. Coinbase’s USDC revenue arrangement with Circle, described as generating over $900M annually, is set to expire in August 2026 and could influence which system gains traction.

A group of major U.S. banks is preparing a shared tokenized deposit network targeted for a 2027 rollout, aiming to move bank deposits on-chain with always-on settlement. The project is being organized through The Clearing House, while JPMorgan is already operating JPM Coin on Coinbase's Base for institutional users and a separate Cari Network is targeting a Q4 2026 retail launch.

Texas regulators said on June 3 they issued an emergency cease-and-desist order against BG Wealth Sharing LTD and DSJ Exchange PTY Ltd over an alleged crypto investment and MLM operation aimed at state residents. The order cited claims including 60% monthly returns, principal protection and a 99.6% trading success rate, alongside withdrawal frictions such as an about-20% handling fee and a later 12% charge tied to taxes and account transfers.

Ripple said on June 4 that its U.S. dollar-backed stablecoin Ripple USD (RLUSD) can now move natively across supported blockchain ecosystems using Wormhole's Native Token Transfers (NTT). The change is positioned to widen compliant USD liquidity access for developers and institutional users across payments, tokenization, and on/off-ramps. Ripple's transparency report lists RLUSD at $1.731 billion in circulation as of May 28, backed by $1.833 billion in reserves.