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SEC Commissioner Hester Peirce to Step Down on Oct. 2

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has submitted her formal resignation, effective Oct. 2, according to a letter she posted to X. Peirce—often dubbed “Crypto Mom” for her consistent calls for clearer, rules-based crypto regulation—has spent roughly eight years on the commission. Peirce’s departure comes as the SEC’s leadership and regulatory posture toward digital assets has shifted under the current administration. With her resignation, the commission’s membership will again be shaped by the remaining Republican commissioners, Paul Atkins (chairman) and Mark Uyeda. Key takeaways SEC Commissioner Hester Peirce’s resignation is effective Oct. 2, with the letter posted on her X account. Peirce served on the SEC for about eight years and has been director of the agency’s Crypto Task Force since Feb. 4, 2025. Her SEC term had already expired in June 2025, but commissioners can continue serving for up to about 18 months if replacement nominations ...
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SEC Commissioner Hester Peirce to Step Down on October 2

SEC Commissioner Hester Peirce has submitted her formal resignation from the U.S. Securities and Exchange Commission, according to a letter she posted to her X account. The resignation takes effect Oct. 2. Peirce—widely dubbed “Crypto Mom” for her push for clearer, rules-based regulation of digital assets—said she was grateful for the “honor of her professional lifetime” serving as a commissioner. In the same message, she indicated she would be leaving the agency under the leadership of Chairman Paul Atkins and Commissioner Mark Uyeda, the remaining Republican members of the five-person commission. Key takeaways Peirce’s resignation is effective Oct. 2, ending an approximately eight-year tenure at the SEC. She also served as director of the SEC’s Crypto Task Force, a role she held starting Feb. 4, 2025. Her commissioner term had expired in June 2025, but the SEC notes commissioners may remain for up to about 18 months if not replaced earlier. The SEC’s crypto posture has shifte...
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CFTC Files Lawsuit Over $950M Crypto-Linked FX Scheme Involving Cash FX

The U.S. Commodity Futures Trading Commission (CFTC) has filed a federal lawsuit accusing Cash FX Group and three individuals of running a large foreign-exchange investment scheme tied to crypto, alleging that investors were sold a multilevel-marketing Ponzi structure with promised returns far above anything justified by actual trading activity. According to the CFTC, the complaint was filed Friday in the U.S. District Court for the Middle District of Florida, seeking to hold accountable Cash FX and its CEO, Huascar Jose Lopez Castillo of Brazil, as well as The Conversion Pros and its CEO, Ronald Pope of Oregon, and Justin Halladay of Florida. Key takeaways The CFTC alleges the defendants collected more than $950 million for a purported retail forex trading “commodity pool.” The regulator says the operation used new participant funds to cover promised or fictitious trading profits rather than genuine trading performance. Prosecutors claim the defendants misrepresented trading m...
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CFTC Files Lawsuit Over $950M Crypto-Linked FX Scheme

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit seeking to hold Cash FX Group and three individuals accountable for a large-scale foreign-exchange investment scheme that the regulator says involved cryptocurrency. According to the CFTC, the case centers on allegations that the defendants raised more than $950 million from participants by promoting a purported “commodity pool” meant to trade retail foreign currency contracts, while misrepresenting how investor money was managed and the returns investors were promised. Key takeaways The CFTC says it filed its complaint Friday in the U.S. District Court for the Middle District of Florida. Regulators allege a multilevel marketing Ponzi scheme built around forex trading claims, including promised returns “up to 15% weekly.” The complaint alleges most participant funds were misappropriated rather than used for legitimate trading. The CFTC claims participants suffered losses of at least $406 million, alongside...
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SlowMist Still Hasn’t Confirmed Crypto Theft From iPhone Safari Attack

New warnings circulating among iPhone users link a malicious Safari-based attack to a potential exposure of cryptocurrency wallet secrets, including private keys and seed phrases. However, the threat intelligence firm that analyzed the specific Safari sample says it has not been able to independently confirm an actual theft from a compromised victim tied to that exact code. In a statement provided to Cointelegraph, SlowMist said the campaign it investigated appears to reuse techniques from an earlier iOS exploit chain known as DarkSword. While multiple reports urged users to update immediately and cited an especially broad iOS window—“iOS 13 through iOS 26.5” in some coverage—SlowMist cautioned that this range should be treated as preliminary until the company can demonstrate reproducible technical evidence for the latest versions. Key takeaways SlowMist has not independently confirmed a real victim compromise or confirmed crypto theft tied to the exact Safari sample it analyzed. T...
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Wall Street and Crypto Brace for Battle Over the Same Turf

Crypto’s boundary with traditional finance is getting thinner, and this week’s business developments show how both sides are converging on the same outcomes: faster payments, wider access to dollar-denominated assets, and settlement rails that can be used 24/7. From Binance expanding its relationship with Circle to Canada’s largest banks testing tokenized deposits and the NYSE partnering with Blockchain.com on tokenized stocks, the thread tying these stories together is clear—stablecoins and tokenized real-world assets are becoming strategic battlegrounds for control over how money moves. Key takeaways Binance is set to deepen its USDC push via a reported $100 million investment in Circle, alongside a five-year commercial agreement aimed at expanding USDC usage on the exchange. Canada’s six largest banks are exploring tokenized Canadian dollar deposits, framing them as programmable payment rails while keeping them legally tied to traditional deposits. Chainalysis data points to c...
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Company Moves to Secure Shareholder Approval for Daily Preferred Dividends

Strategy is asking shareholders to approve a structural change to how its preferred stock dividends are paid, moving four series—including STRC—from periodic distributions to daily dividend payments. The company says the switch would not alter the dividend rates or the total amount paid, only the timing and record-date mechanics. According to an SEC filing released on Friday, Strategy’s board approved the proposal on Thursday and scheduled a virtual special meeting for Oct. 28. If approved, the company would make every calendar day a dividend record date, with dividends paid on the next business day. STRC would be the first to transition, with its initial daily dividend payment expected on Nov. 2. Key takeaways Strategy plans to change four preferred stock series to daily dividend record dates without changing the stated dividend rates or total payout. Shareholders will vote on Oct. 28 during a virtual special meeting, following board approval disclosed in an SEC filing. STRC wou...
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