The Hong Kong Stock Exchange has declined applications from at least five companies seeking to transition into Digital Asset Treasury entities, Bloomberg reported. The exchange cited regulations prohibiting excessive liquid asset holdings and requiring applicants to operate viable businesses with cryptocurrency integrated as a core operational component. Under HKEX rules, companies must demonstrate that digital asset acquisition forms an integral part of operations rather than passive investment.

Senator Cynthia Lummis called on the Consumer Financial Protection Bureau to expedite its open banking regulation, warning that major banks have restricted account access for political reasons, including blocking digital asset firms. The rule, finalized on October 22, 2024, allows consumers to share financial data with third-party applications through APIs. Industry groups and crypto advocates have urged the CFPB to ensure Americans retain ownership of their financial data.