The SEC (U.S. securities regulator) granted a five-year Innovation Exemption allowing tokenized securities venues to trade NMS stocks on-chain through permissioned AMMs (automated market makers with restricted access), lifting ONDO 10% and supporting real-world asset tokens. The CFTC (U.S. derivatives regulator) issued industry-wide no-action relief on Sept. 17 for passive software providers, shielding non-custodial wallet developers from broker registration and helping UNI and HYPE rise 16% and 10%, respectively. In the UK, the FCA (financial markets regulator) raided three unregistered peer-to-peer crypto sites in London with HMRC and police, while opening authorization applications on Sept. 30 for rules covering stablecoins, custody and staking (locking crypto to earn rewards). The FDIC (U.S. deposit insurance agency) approved a state bank parity rule on Sept. 17. Market data showed sharp gains for UNI, NEAR and LIT, $450.4 million in U.S. spot Bitcoin ETF outflows on Sept. 15, significant Strategy share repurchases, large crypto trades and $5.68 billion in second-quarter 2026 venture funding. The calendar includes central-bank decisions, a LayerZero token unlock, global PMI data and a Trump-Xi summit.