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Former SEC Acting Chair Says Crypto Cases Were Dropped Over Credibility Concerns

The U.S. Securities and Exchange Commission (SEC) has moved to dismiss civil enforcement actions against multiple crypto-related companies that were filed under the prior administration, according to SEC Commissioner Mark Uyeda. Speaking at the Psaros Center for Financial Markets and Policy’s Financial Markets Quality Conference, Uyeda said the agency’s decision was tied to an intended shift in how it approaches rulemaking and litigation strategy. Uyeda, who served as acting SEC chair from January to April 2025 before Paul Atkins took over following confirmation, argued that continuing cases authorized under earlier leadership could undermine the SEC’s credibility if the agency’s legal posture changes. His remarks point to a broader tension at the intersection of crypto enforcement and evolving regulatory interpretation within the SEC. Key takeaways SEC Commissioner Mark Uyeda said civil crypto cases were dropped to avoid an “180-degree change” in positions becoming inconsistent in c...
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Lawmakers From Gaming States Ask SCOTUS to Hear Kalshi Appeal

US state lawmakers have stepped into the Kalshi prediction-markets dispute, filing an amicus brief urging the Supreme Court to address whether state gaming regulators can rein in platforms that offer event-based “contracts” linked to sports and other outcomes. The filing—submitted by the National Council of Legislators from Gaming States (NCLGS) on Tuesday—backs the position of New Jersey’s Attorney General and gaming authorities as they pursue a petition for a writ of certiorari. The Supreme Court docket in question stems from a Sept. 2 request, which asks justices to consider New Jersey’s legal challenge to Kalshi and to clarify the balance between state authority and federal oversight. Key takeaways NCLGS filed an amicus brief supporting New Jersey and state gaming regulators in their dispute with Kalshi over prediction-market activity. The lawmakers argue that a ruling for Kalshi would effectively leave states “powerless” to regulate prediction-market sports betting. The brie...
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Visa Survey: Bank-style safeguards could boost US stablecoin use

Visa has released new survey results suggesting that stablecoin adoption among Americans could rise meaningfully if issuers offered protections that resemble the banking system—particularly fraud safeguards and deposit insurance. In a study of 2,192 US-based consumers conducted by Morning Consult between February and March, Visa found that “adoption intention” for stablecoins could increase from 36% to 56% under a hypothetical scenario that includes bank-level fraud protection and deposit insurance. Key takeaways Visa/Morning Consult’s survey points to higher stablecoin willingness when consumers associate the product with bank-style fraud safeguards. Adoption intention rises from 36% to 56% in Visa’s hypothetical scenario with deposit insurance and fraud protection. Trust, in the survey results, is strongly linked to who provides the payment service—not to the underlying technology alone. Europe is also debating stablecoin reserve rules under MiCA, with central bank representa...
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Trump Discloses Up to $100K Strategy Stock Buy in Ethics Filing

President Donald Trump disclosed that he bought between $50,001 and $100,000 worth of Strategy (Strategy, formerly MicroStrategy) shares in late July, according to a U.S. Office of Government Ethics filing released Tuesday. The disclosure also references earlier purchases of the bitcoin-linked software company, as well as other crypto-adjacent transactions. In the same disclosure, Trump reported a smaller Strategy buy three days earlier and described additional activity tied to several other crypto-related firms, including stock trades involving Coinbase and sales of bitcoin miner holdings including MARA Holdings and CleanSpark. The Strategy purchase dated July 27 is the largest bitcoin-exposure transaction identified in the document. Key takeaways Trump disclosed a $50,001–$100,000 Strategy share purchase on July 27, following a $1,001–$15,000 buy on July 24. Strategy remains one of the most widely followed public corporate bitcoin proxies, holding 846,000 BTC according to Bitcoin...
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Stablecoin Cross-Border Transfers Jump 78% Despite Bear Market

Crypto’s rougher year didn’t prevent stablecoins from pushing deeper into cross-border payment rails. According to Chainalysis’ 2026 Global Crypto Adoption Index, stablecoin transfers across countries climbed to $220.3 billion in the 12 months ending June 2026 , up 77.5% from $124.2 billion in the prior 12-month period—even as total global crypto market capitalization fell 37% to $2.1 trillion . The data suggests stablecoins are increasingly being used for practical money movement rather than purely speculative trading. Chainalysis summed it up as: “ The bear market hit the price-sensitive half of crypto and left the payments half alone .” Key takeaways Cross-border stablecoin flows rose 77.5% to $220.3 billion over the year to June 2026, even as total crypto market cap dropped 37%. Transfers remained “trade-like” rather than bursty , averaging around $3,000 per cross-border transfer. Activity is concentrated : the top quarter of corridors accounted for 96.1% of measurable ...
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Bitwise Launches First Lighter ETP as Crypto Markets Heat Up

Bitwise Asset Management has rolled out a new Europe-listed exchange-traded product tied to the token of Lighter, another decentralized derivatives venue competing in the perpetual futures space. The move gives traditional brokerage customers exposure to LIT without requiring them to buy or hold the cryptocurrency directly. According to Bitwise, its Bitwise Lighter Staking ETP (BLIT) began trading on Deutsche Börse Xetra on Wednesday. Bitwise said BLIT is the first ETP in Europe designed to track LIT, the native token of Ethereum-based decentralized derivatives platform Lighter. Key takeaways Bitwise launched the BLIT exchange-traded product on Deutsche Börse Xetra to provide exposure to LIT in Europe. BLIT is fully backed by LIT held in cold storage and charges a 0.85% annual expense ratio. The product currently tracks LIT’s price but does not yet generate staking rewards. Bitwise positioned Lighter as part of a broader strategy to list ETPs referencing decentralized finance d...
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NYSE and Blockchain.com Partnership to Launch Tokenized US Stocks

Blockchain.com has signed a memorandum of understanding with the New York Stock Exchange (NYSE) to bring access to tokenized US stocks and exchange-traded funds (ETFs) to Blockchain.com users via NYSE’s planned digital trading platform. The arrangement is designed to extend NYSE’s tokenized securities roadmap beyond traditional market participants and into Blockchain.com’s global customer base, pending regulatory approval. The proposal also includes an exchange of market data. NYSE affiliate ICE Data Services plans to provide Blockchain.com with crypto market data and analytics, while Blockchain.com would supply certain ICE and NYSE market data feeds back to the NYSE ecosystem. Key takeaways Blockchain.com would distribute tokenized US equities and ETFs from NYSE’s digital alternative trading system (ATS), subject to regulatory approval. NYSE’s planned tokenized securities offering would be broadened to Blockchain.com’s user base, potentially widening retail access to US-listed pro...
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