The SEC has reportedly closed an investigation into Haliey Welch, the celebrity promoter of the Hawk Tuah meme coin. The $HAWK meme coin's market value surged upon Welch's announcement of it in December 2024, but then took a steep dive in the subsequent hours. A group of buyers later brought a proposed securities class action over their losses. According to Welch's attorney, James Sallah, the SEC is no longer scrutinizing Welch's involvement with the project.

US District Judge Paul Byron issued an order partially certifying a class of purchasers of the meme-inspired LGBCoin in a suit alleging the price of the tokens dropped after its plan to sponsor a NASCAR driver fell apart. Judge Byron certified a class of buyers solely related to their claims of the sale of unregistered securities but not of their claims of unjust enrichment, finding the plaintiffs failed to establish or provide a proper argument for predominance for the unjust enrichment claims.

The Supreme Court has asked the federal government to weigh in on crypto investor James Harper’s petition to reverse a lower court ruling that found the IRS was allowed to seize his records from Coinbase without a warrant. The justices gave the government 30 days to respond. The request came after the government waived its right to respond to the petition, and following support for Harper in amicus briefs from more than a dozen sources, including Elon Musk's X Corp., fives states, and technology and privacy advocacy groups.

House Financial Services Committee Chair French Hill (R-AR) told reporters that the personal crypto dealings of President Trump and his family have made drafting legislation for the industry “more complicated.” The statement comes after several congressional Democrats criticized the Trump family's recent crypto moves last week.

Sen. Chuck Grassley (R-IA) said in a post on X that he met with CFTC chair nominee Brian Quintenz to discuss the agency’s whistleblower protection program and spot crypto markets, as well as the future of the CFTC. President Trump nominated Quintenz on February 11, though the Senate has yet to formally take up his nomination.

The Senate Banking Committee is scheduled to vote Thursday on Paul Atkins’ nomination to serve as SEC Chair. The Committee will also vote on the nominations of Jonathan Gould to be Comptroller of the Currency, Luke Pettit to be Assistant Secretary of the Treasury, and Marcus Molinaro to be Federal Transit Administrator.

Sen. Tommy Tuberville (R-AL) announced plans to reintroduce the Financial Freedom Act, which would allow Americans to invest their retirement in crypto. In a post on X, Tuberville criticized the Biden Administration for trying to control how Americans invest their money, while praising President Trump's status as "the Crypto President."

French public investment bank Bpifrance announced plans to invest €25 million into tokens and decentralized technologies in order to “strengthen the French blockchain ecosystem.” The bank is seeking to accelerate its "digital investment strategy" by bolstering French crypto startups and assisting the local venture capital players in Web3.

New York Attorney General Letitia James and Galaxy Digital agreed to a $200 million settlement over allegations the company failed to disclose its sales of the Terraform token LUNA while it widely promoted the asset prior to its collapse. Galaxy neither admitted nor denied the allegations but agreed to pay $200 million in disgorgement over a three-year period and institute procedures around promotions of digital assets.