04.25.2025
SEC Commissioner Uyeda Talks Crypto with CNBC
In an interview with CNBC, SEC Commissioner Mark Uyeda reiterated the agency’s position on meme coins as non-securities and discussed the Crypto Task Force’s efforts to craft a regulatory framework. On meme coins, Uyeda explained that these assets do not contain any investment contracts with buyers, meaning they do not fall within the security definition or Howey test. He also highlighted how different the SEC is now compared to under former Chair Gary Gensler.
04.25.2025
SEC Delays ETF Decisions
The SEC delayed decisions on Bitwise’s BTC and ETH exchange-traded funds (ETFs), Canary Capital’s HBAR ETF, and Grayscale’s DOT ETF until June. Canary Capital, Grayscale, and Bitwise submitted filings for the funds earlier this year. Issuers have 72 crypto-related or -focused ETFs awaiting SEC approval.
04.25.2025
SEC Drops Suit Against Dragonchain
The SEC has agreed to end its suit accusing blockchain platform Dragonchain and its founder, Joseph J. Roets, of selling unregistered securities, citing the Trump Administration’s push to clarify regulations surrounding digital assets. The SEC filed the lawsuit in 2022, claiming Dragonchain, two affiliated entities, and Roets raised $16.5 million through the sale of unregistered DRGN tokens.
04.25.2025
FDIC, Fed, OCC Withdraw Joint Statements on Crypto Assets
Related to the Federal Reserve's withdrawal of crypto bank guidance, the Federal Deposit Insurance Corporation (FDIC), together with the Fed and the Office of the Comptroller of the Currency (OCC), released a statement announcing the withdrawal of two 2023 joint statements regarding banks’ crypto asset activities and exposures. The withdrawn statements addressed crypto asset risks and liquidity risks to banking organizations resulting from crypto asset market vulnerabilities.
04.25.2025
Federal Reserve Withdraws Crypto Bank Guidance
The Federal Reserve announced the withdrawal of 2022 guidance that had required banks to provide advance notification of planned or current crypto asset activities. The Fed will no longer expect banks to provide notification and will instead monitor banks' crypto asset activities through the normal supervisory process. The Fed also withdrew a 2023 policy requiring banks to seek permission from regulators before engaging in activities related to stablecoins.
04.25.2025
Rep. Haridopolos Calls for Meshing Stablecoin, Market Structure Bills
Rep. Mike Haridopolos (R-FL) said at a conference hosted by Semafor that the stablecoin and market structure bills should be “married up” together before they go for a vote, arguing that this would ensure companies “know exactly what the rules are and aren’t and how they can operate best in the United States." Other lawmakers have argued that there is enough enthusiasm for both bills to move them separately.
04.24.2025
President Trump to Host Dinner with Top Meme Coin Holders
The issuers of President Trump’s meme coin announced that the top 220 holders will be invited to a dinner with President Trump in May, where he will talk about the future of crypto. The top 25 coin holders will also be invited to a reception with the president and will be given a tour of the White House. Invites will be determined by average balances from April 23 to May 12. Sen. Chris Murphy (D-CT) criticized the plan in a post on X, calling the coin “brazenly corrupt.”
04.24.2025
Federal Prosecutors Ask for 6.5-Year Sentence for Mango Markets Trader
Federal prosecutors are asking US District Judge Arun Subramanian to sentence crypto trader Avraham Eisenberg to six and a half years in prison for taking $110 million out of DeFi platform Mango Markets. Mango Markets is also asking for an order requiring Eisenberg to give it $47 million he had "refused to return." Sentencing is scheduled for May 1.
04.24.2025
DOJ Sentences Man to 18 Years in Prison for $12M Crypto Fraud
The Justice Department announced that Eugene William Austin Jr. was sentenced to 18 years in prison for his role in a $12 million crypto fraud scheme. Austin was convicted in September of conspiracy to commit wire fraud, conspiracy to commit money laundering, and conspiracy to commit interstate transportation of stolen property. His son was previously sentenced to four years in prison for his role in the scheme.