[News Brief] Apr 22, morning | NYSE Submits Proposed Rule Change to Permit Trading of Tokenized Versions of Securities

President Trump said it would be difficult to accept Iran’s latest proposal and indicated that airstrikes on Iran could resume.

According to panewslab.com, during an airport interview in Florida and in social media remarks on the evening of May 2 (U.S. Eastern Time), President Trump said he would review Iran’s proposal soon but would find it difficult to accept. He added pressure by saying Iran had not paid a sufficient price.

Earlier the same day, before boarding Air Force One, Trump had said he would explain Iran’s latest proposal later. Iran is reportedly believed to have delivered a new 14-point proposal through Pakistan in response to a 9-point U.S. proposal.

Nick Timiraos of The Wall Street Journal, often referred to as the Fed’s unofficial mouthpiece, said internal Federal Reserve discussions on the rate path are shifting noticeably.

According to Odaily, Timiraos wrote in a WSJ article that since the Fed began issuing policy statements in 1994, disagreements over forward-guidance wording rather than actual rate moves have been rare.

Three regional Fed presidents, including Dallas Fed President Lorie Logan and Minneapolis Fed President Neel Kashkari, reportedly opposed maintaining language at this week’s Federal Open Market Committee (FOMC) meeting implying that the next move is more likely to be a rate cut. They argued that the next rate move could be either a hike or a cut.

Fed Chair Jerome Powell said the committee is gradually shifting from its previous easing bias toward a more neutral stance. He also explained that if future rate hikes become necessary, the Fed would first move to a neutral posture before signaling hikes.

The report suggests that while markets have been pricing in rate cuts this year, the Fed internally is increasingly open even to the possibility of renewed tightening. Such a shift in stance typically weighs on risk assets broadly.

U.S. senators have reached a compromise over a provision concerning yield on stablecoins, increasing the likelihood that debate over the Clarity Act, which has stalled in the Senate for months, could regain momentum.

According to Odaily, Senators Thom Tillis and Angela Alsobrooks finalized compromise language. Section 404 would prohibit crypto companies from offering interest or yield that is economically and functionally equivalent to bank deposits, while allowing incentive programs tied to actual platform usage.

Coinbase CEO Brian Armstrong said the Senate Banking Committee should move quickly to review the bill. The compromise is seen as a possible condition for restarting a process that had long been stalled.

Disagreements over the yield provision had previously served as a key obstacle to the bill’s advancement.

The New York Stock Exchange (NYSE) has submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) to allow trading in tokenized versions of eligible stocks and ETFs.

According to @WuBlockchain on the 3rd, the proposal is tied to a three-year tokenization pilot program by the U.S. depository and clearing institution DTC. Eligible tokenized securities must have the same CUSIP, ticker, rights, and characteristics as the original securities, and they would trade in the same order book with the same execution priority as the underlying securities.

Clearing and settlement would continue to take place through DTC on a T+1 basis, just as they do now. The trading infrastructure would reflect tokenization, while the settlement structure would remain under the current framework.

The filing shows that discussions about introducing tokenized securities into traditional financial markets are expanding to the level of regulated exchanges.

A U.S. court has issued a preliminary injunction blocking the transfer of about $71 million worth of Ether (ETH) related to Arbitrum DAO.

According to PANews on the 3rd, the U.S. District Court for the Southern District of New York ordered Arbitrum DAO not to transfer frozen ETH assets associated with the KelpDAO hack.

The plaintiffs said they intend to use the assets to enforce outstanding judgments related to years of terrorism, kidnappings, and other crimes allegedly committed by North Korea. The court viewed Arbitrum DAO as a partnership-type entity capable of being found liable and pointed out that relevant bodies held emergency powers.

The court also said members who refuse to cooperate could face legal consequences, including contempt of court. Market observers say the decision is a case in which the U.S. judicial system directly constrained DAO operations and could increase regulatory pressure across DeFi.

BlackRock has submitted comments to the U.S. Office of the Comptroller of the Currency (OCC) opposing a proposed rule that would cap tokenized reserve assets at 20%.

BlackRock argued that the cap could burden the growth of its BUIDL fund and related products.

On the 3rd, PANews, citing The Block, reported that BlackRock submitted a comment letter to the OCC regarding draft implementation rules under the GENIUS Act. BlackRock opposed the 20% ceiling on tokenized reserve assets, asked for clarity on whether Treasury ETFs qualify as reserve assets, and urged inclusion of two-year floating-rate Treasuries on the list of eligible assets.

BlackRock also noted that its BUIDL fund makes up the majority of reserve holdings for Ethena’s USDtb and Jupiter’s JupUSD. The letter is drawing attention because detailed U.S. rules on stablecoins and reserve assets could directly affect market structure.

Bitcoin has risen above $79,000.

According to OKX market data, Bitcoin (BTC) is currently trading at $79,034.10, up 0.69% on the day.

PANews reported this on the 3rd, citing OKX market data.

MSBT, Morgan Stanley’s spot Bitcoin ETF, purchased an additional 286.693 BTC through Coinbase the previous day, Odaily reported citing Arkham monitoring data.

According to the report, the purchase was worth about $22.48 million. This brings MSBT’s total Bitcoin holdings to 2,620 BTC, valued at around $204 million.

The increase is being interpreted as another example of institutional inflows into spot Bitcoin ETFs.

According to Whale Alert, 331,462,197 USDT worth about $331.36 million was moved from an anonymous wallet to Kraken.

Large stablecoin deposits to exchanges are often interpreted as a sign of pending buying activity or capital reallocation, though the exact purpose of the transaction remains unconfirmed.

Source: @whale_alert

Brazil’s central bank will ban eFX service providers from using cryptocurrencies such as stablecoins and Bitcoin for cross-border settlements starting October 1.

According to PANews, citing CoinDesk, the measure applies to fintech firms and payment companies. The key point is to prohibit the use of cryptocurrencies as backend settlement rails in overseas remittances. Individual investors, however, will still be allowed to buy and hold cryptocurrencies.

Under the new rules, electronic foreign-exchange payments must be processed only through foreign-exchange transaction accounts or nonresident settlement accounts. Companies that have not been approved must obtain authorization from Brazil’s central bank by May 2027.

The move is being interpreted as part of a broader effort by Brazilian authorities to strengthen oversight of cross-border capital flows and foreign-exchange settlement systems.