Everything web3, crypto, defi, degen
In brief Elizabeth Warren and other liberal lawmakers questioned AI and crypto czar David Sacks on whether he has exceeded his 130-day limit as a temporary White House employee, raising ethics concerns. The lawmakers want a full record of Sacks’ workdays and locations since January, noting his dual role at the White House and at…
In brief The UK’s Financial Conduct Authority has launched another consultation on standards for crypto firms mirroring traditional finance rules. The current proposals aim to balance consumer protection, innovation and international competitiveness. The rules form part of a wider UK push to regulate cryptoassets from 2026. The UK’s Financial Conduct Authority (FCA) has opened a…
In brief Coinbase has filed a letter with the DOJ urging federal preemption of state crypto laws, citing Oregon’s securities suit, New York’s ETH stance, and staking bans. Chief Legal Officer Paul Grewal called state actions “government run amok,” warning that patchwork enforcement “slows innovation and harms consumers.” A legal expert told Decrypt that states…
In brief Quantexa designed an AML solution for mid-size and community banks. It can help them identify crypto-powered crime, according to Quantexa’s Christopher Bagnall. Stablecoin legislation is expected to unlock new competitors. Quantexa, a data and analytics software firm, introduced a product on Wednesday that’s intended to help smaller financial institutions fight crypto-powered crime in…
In brief Sen. John Kennedy (R-LA) said the Senate is “not ready” for sweeping crypto market rules, warning lawmakers still have “a lot of questions.” Sen. Tim Scott (R-SC), chair of Senate Banking, has insisted on a September 30 markup, despite pushback from Democrats and fellow Republicans. Policy experts say rushing a “full leap” bill…
In brief Brian Quintenz, President Trump’s nominee to head the CFTC, publicly released screenshots of purported Signal messages with Gemini founders Tyler and Cameron Winklevoss. Quintenz claimed that they tried to derail his nomination after he wouldn’t commit to their demands regarding CFTC reform. According to Quintenz, the Winklevoss brothers threatened to contact President Trump…
In brief Projects are fighting over who will take control of the USDH ticker to create a “Hyperliquid-aligned” stablecoin. Major companies like Ethena, Paxos, Sky, and Agora have submitted proposals, most of which include a way to give back to the Hyperliquid community. But the relative newcomer Native Markets is currently looking most likely to…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors chop, SOL leads at $220; BTC at $112,300 Several crypto mining stocks soar on back of Oracle report of AI…
In brief Minister Jayant Chaudhary’s crypto investments grew 19% to $25,500 (₹21.31 lakh), marking the second year a Union minister disclosed digital asset holdings amid policy uncertainty. Mudrex’s survey of over 9,000 Indians revealed that 93% support crypto regulation, while 84% call the current 30% tax rate unfair compared to 12.5% equity taxation. The RBI’s…
In brief The conditions were outlined in a letter published Tuesday by Sen. Ruben Gallego, the top Democrat on the Senate Banking Committee’s Subcommittee on Digital Assets. The letter underscored the willingness of the group to pass crypto legislation so long as it was meaningfully bipartisan. The letter also requests numerous additions to the Senate…
