Everything web3, crypto, defi, degen
In brief A coalition of 114 crypto companies and tech lobbying groups sent a letter to the Senate Banking Committee demanding strong legal protections for software developers in any upcoming crypto market structure bill. The letter emphasized that developers of decentralized software should not face criminal liability for how others use their programs, comparing public…
In brief Commerce Secretary Howard Lutnick announced his department will begin issuing economic data “on the blockchain,” framing the move as part of the Trump administration’s embrace of crypto. Lutnick did not clarify which blockchain would be used or how the system would benefit government operations. The initiative could extend beyond the Commerce Department, as…
In brief Canary Capital filed for the first spot ETF directly tied to President Donald Trump’s meme coin, TRUMP, under the Securities Act of 1933. The fund would would be entirely and directly exposed to the president’s meme coin, and not diversified or leveraged, as past proposed TRUMP ETFs have been. -Analysts are doubtful the…
In brief Bitwise has filed with the SEC for a Chainlink ETF that would directly hold LINK tokens, using Coinbase Custody as the custodian. The ETF would offer in-kind creation and redemption, allowing investors to exchange LINK tokens directly for shares. LINK traded around $24.27 following the news, down 1.1% amid broader crypto market weakness.…
In brief Trump Media is working with Crypto.com to build a crypto treasury with $6.4 billion in backing. The treasury will be made up of Cronos (CRO). Trump Media’s Truth Social will also use CRO as a rewards and utility token. It’s the latest crypto-related business venture by one of President Trump’s companies. Trump Media…
In brief The measure directs the country’s central bank to purchase 10,000 BTC over five years, with a 20-year holding requirement. Custody, proof-of-reserves, and disposal rules would be codified by law and regulation. Local crypto voices call the proposal bold but warn of volatility, fiscal tradeoffs, and gaps in financial literacy. The Philippines has introduced…
In brief ASIC has removed more than 14,000 scam and phishing websites in two years, with crypto scams making up about 20%. The regulator will now target fraudulent ads on social media platforms such as Facebook and Instagram. Investment scams cost Australians nearly $1 billion in 2024, with tactics like “AI washing” emerging as new…
In brief Acting chair Caroline Pham said Thursday the sprint expands to custody, leveraged retail trading, and consumer protections, with feedback due October 20. The initiative is part of a four-phase process that began August 1, running alongside the SEC’s Project Crypto. Observers told Decrypt the U.S. is shifting from enforcement to enablement, positioning itself…
In brief The OCC terminated its consent order on digital assets bank Anchorage Digital. The regulator brought the order in 2022 after granting conditional approval to Anchorage in 2021. Federally chartered Anchorage custodies some of the BTC and ETH held in BlackRock’s spot ETFs. The Office of the Comptroller of Currency (OCC) announced Thursday that…
In brief The DOJ announced it will no longer charge decentralized software developers under the same law used to convict Tornado Cash co-founder Roman Storm earlier this month. DOJ official Matthew Galeotti clarified that prosecutors will avoid such charges when software is truly decentralized and non-custodial, though other charges could still apply if criminal intent…
