News Roundup — Trump to allow crypto in 401(k) plans for US workers

Major news stories this week;

1. Trump to allow crypto in 401(k) plans for US workers: White House
2. Rouble-Backed Stablecoin A7A5 Surges Past $40B in Transactions Amid July Surge
3. Tether’s USDT is getting its own zero-fee blockchain. That’s bad news for Tron
4. India finds $72 million in hidden crypto income as tax compliance tightens
5. Dubai and UAE move to align crypto frameworks under new partnership

Story Summaries;

1. The White House announced plans for an executive order directing the U.S. Labor Department to reassess the inclusion of cryptocurrencies in retirement savings plans. If implemented, this could open the $12.5 trillion U.S. 401(k) market to digital assets, marking a significant policy shift.
2. The A7A5 stablecoin, pegged to the Russian rouble, has processed more than $40 billion since launching in January in Kyrgyzstan. Its rapid growth has sparked concern among blockchain forensics firms over its potential use in evading Western sanctions, particularly in trade between Russia and China.
3. Bitfinex is preparing to launch Plasma, a zero-fee blockchain designed for USDT transfers. The move could challenge Tron—currently a major USDT network—along with other chains like Ethereum, by offering faster and cheaper transactions.
4. Indian authorities uncovered $72 million in undeclared crypto gains over two years, aided by advanced monitoring tools matching trades to tax filings. The crackdown reflects growing pressure on domestic traders, with industry leaders calling for lower taxes to keep activity onshore.
5. The UAE’s Securities and Commodities Authority and Dubai’s Virtual Assets Regulatory Authority have agreed to unify crypto regulation across the country. The partnership introduces mutual license recognition and aims to harmonize oversight in line with global standards.

And that’s all for last week’s news! Wishing you a great week ahead!