The United States and United Kingdom signed a non-binding memorandum of understanding (MOU) on Thursday to advance joint research in artificial intelligence, nuclear energy, telecommunications, and quantum computing.
The agreement aims to foster innovation in areas like space exploration, military applications, and precision medicine.
Key initiatives include forming a task group to develop quantum computing hardware, software, algorithms, and interoperability standards. This is particularly relevant to the crypto community, as advanced quantum computers could potentially compromise encryption standards critical to cryptocurrencies.
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The MOU also outlines plans to explore 6G telecommunications networks, enhancing technological development across both nations.
Australia Eases Stablecoin Distribution Rules
The Australian Securities and Investments Commission (ASIC) has introduced exemptions for intermediaries distributing stablecoins issued by Australian financial services (AFS) licensees.
Under the ASIC Corporations (Stablecoin Distribution Exemption) Instrument 2025/631, these intermediaries are no longer required to hold separate AFS, market, or clearing and settlement licenses.
The exemption applies to stablecoins classified as financial products under the Corporations Act and covers services like general advice, market-making, dealing (excluding issuance), and custodial services.
ASIC emphasized its commitment to balancing innovation in digital assets with consumer protections.
Coinbase CEO Optimistic About US Crypto Legislation
Coinbase CEO Brian Armstrong expressed strong confidence in the passage of the Digital Asset Market Clarity Act, a bill aimed at defining regulatory roles for cryptocurrencies in the US.
After meetings with lawmakers, Armstrong noted bipartisan support for the legislation, which would clarify oversight by agencies like the Securities and Exchange Commission and the Commodity Futures Trading Commission, particularly for non-stablecoin assets like tokenized stocks.
Armstrong described the bill as a “freight train leaving the station,” highlighting its potential to foster innovation, protect consumers, and prevent regulatory overreach.
The draft is currently under review, with plans for public input before finalization.
