RegulationCFTC Sends Crypto Rulemaking Plan to the White House
The CFTC sent crypto market rules to the White House and the SEC approved tokenized stock trading, both sidestepping the stalled CLARITY Act in the Senate.
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Regulation
RegulationUS Treasury Sanctions Iran's BitBank Over Bitcoin Payments
The US Treasury sanctioned Iranian crypto exchange BitBank for moving hundreds of millions in Bitcoin to Iran's Revolutionary Guard.
InstitutionalJPMorgan: Bitcoin Could Outpace Gold If Hedging Around IBIT Eases
JPMorgan compared bitcoin and gold ETFs: gold recovered all its outflows, bitcoin only about half, while IBIT short interest sits near a yearly high.
InstitutionalS&P Global Acquires OpenZeppelin
S&P Global has agreed to acquire OpenZeppelin, whose smart contracts have secured $37 trillion in transactions. Deal terms were not disclosed.
RegulationSEC Allows Onchain Trading of Tokenized US Stocks
The SEC launched an "Innovation Exemption": limited trading of tokenized US stocks via AMMs and blockchain liquidity pools, without exchange status.
RegulationUS House Committee Advances Bill to Codify Trump's Bitcoin Reserve
A House committee voted 28-21 to advance ARMA, a bill that would lock Trump's Strategic Bitcoin Reserve into US Treasury law for 20 years.
RegulationUS House Committee Approves Crypto Tax Overhaul
The House Ways and Means Committee passed the Digital Asset Tax Certainty Act, reshaping US tax rules for staking, mining, stablecoins and wash sales.
RegulationUS Senate Blocks Clarity Act as Bitcoin ETFs Lose $450 Million in a Day
The US Senate rejected cloture on the Clarity Act 49-50. Bitcoin fell below $76,000 as Bitcoin ETFs lost $450 million in a single day.
MarketsFed Raises Rates for First Time Since 2023 as Bitcoin Shrugs It Off
The Fed raised rates to 3.75-4% for the first time since 2023 in a 12-0 vote. The crypto market reacted mildly, slipping 2.18% on the day.