Bitcoin news, fixed.

The Daily Drop · 12 AugSEC's Regulation Crypto vote and Abu Dhabi tokenised securities licence signal the enterprise blockchain endgame

• GENIUS Act AML rules take shape for stablecoin issuers. FinCEN and OFAC proposed rules earlier this year to implement Bank Secrecy Act obligations for permitted payment stablecoin issuers under the GENIUS Act. The framework treats stablecoin issuers as financial institutions, which means they need compliant public rails for settlement. BSV's fixed, predictable protocol is a natural compliance advantage for issuers who need on-chain certainty.
• BTC ETF supply absorption vs network issuance. ETFs are now pulling in more BTC each week than miners actually produce. Bitcoin News pointed this out on August 11 as a structural supply squeeze. BSV miners don't deal with this kind of artificial bottleneck. BSV block rewards still fund network security, and transaction fees from data-heavy apps keep building toward a lasting fee market. No need to depend on ETF capital flows.
• BTCPay Server posts $190,000 bounty after Lightning exploit. BTCPay Server offered a 3-BTC bounty on August 11 after attackers exploited a vulnerability in LND Lightning nodes to drain merchant wallets - confirmed victims include Foundation and Citadel21. For BSV builders, this highlights the custodial risks of Lightning payment infrastructure. BSV's UTXO model with Chronicle's restored opcodes enables more expressive on-chain access controls that avoid the single-point Lightning custody model entirely.