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3 weeks ago | 
cryptopolitan.com | Derek Andersen
Wintermute had the U.S. Security and Exchange Commission’s (SEC’s) undivided attention for a short period on March 28. Representatives of the London-based algorithmic market maker requested a meeting with the SEC Crypto Task Force on March 12, and got it on March 28. The request came through a letter from Morrison Cohen LLP’s crypto partner Jason Gottlieb to the task force chair Hester Peirce.
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4 weeks ago | 
cryptopolitan.com | Derek Andersen
Industry advocacy group DeFi Education Fund has brought together 35 crypto firms to address a letter to eight U.S. lawmakers asking them to “correct” the Justice Department’s (DOJ’s) interpretation of provisions of criminal law concerning the operation of an unlicensed money transmitting business. The DOJ should not apply laws on money transmission businesses to software developers, the signatories argue.
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4 weeks ago | 
cryptopolitan.com | Derek Andersen
It is time to break crypto trading in Kazakhstan out of the special economic zone, a member of the parliament has said. The overwhelming majority of operations with digital assets are not conducted in the Astana International Financial Center (AIFC), even though current law only allows that activity there.
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1 month ago | 
cryptopolitan.com | Derek Andersen
Legislators in both the Senate and House of Representatives of the American state of North Carolina will consider bills to create the North Carolina Investment Authority (NCIA) as an independent state agency. The NCIA would have oversight over state funds and investment strategies, including the option to invest up to 5% of the funds under its control in digital assets. The 2025 State Investment Modernization Act was introduced into the House on March 24 and the Senate on March 25.
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1 month ago | 
cryptopolitan.com | Derek Andersen
Two banks have collaborated to tokenize U.S. dollar demand deposits on a permissionless public blockchain for the first time in the United States. Wyoming-based digital asset bank Custodia Bank and Texas community bank, Vantage Bank, tokenized the deposits by issuing, transferring, and redeeming Avit stablecoins, which has been a longtime ambition of Custodia.
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1 month ago | 
cryptopolitan.com | Derek Andersen
Trump Media and Technology Group (TMTG) has reached a nonbinding agreement with Crypto.com on launching a series of exchange-traded funds and exchange-traded products (ETFs). The financial products will bear the Truth.fi brand and are expected to appear this year in the United States and abroad. The financial products will be known collectively as America-First Investment Funds and available through Crypto.com’s broker-dealer Foris Capital.
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1 month ago | 
cryptopolitan.com | Derek Andersen
The Dogecoin Foundation has recently created a corporate arm called House of Doge, which is now forming an Official Dogecoin Reserve of 10 million DOGE. The organization is calling the reserve a proof of concept for a payment ecosystem. House of Doge purchased the 10 million DOGE, which is priced at around $1.83 million at the time of writing. The reserve will guarantee liquidity, rather than acting as a hedge, as most strategic reserves do.
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1 month ago | 
cryptopolitan.com | Derek Andersen
Asset manager Canary Capital has filed with the United States Securities and Exchange Commission (SEC) for an exchange-traded fund tracking PENGU, the governance token for the Pudgy Penguin. The ETF would hold both PENGU and Pudgy Penguin nonfungible tokens (NFT), as well as other cryptocurrencies, such as SOL and ETH, that may be necessary to the purchase, sale or transfer of PENGU and the associated NFTs.Nashville, Tennessee-based Canary Capital filed an S-1 form with the SEC on March 20.
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1 month ago | 
cryptopolitan.com | Derek Andersen
The BNB Chain has introduced the BNB Good Will Alliance which unites core members of the BNB community to implement initiatives that serve the interests of the BNB ecosystem. The alliance’s first effort is a push to reduce malicious MEV [maximum extractable value] like sandwich attacks on the chain. BNB created the alliance in response to a of the BNB Chain DAO (decentralized autonomous organization) in February.
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1 month ago | 
cryptopolitan.com | Derek Andersen
Canary Capital filed an S-1 registration form with the United States Securities and Exchange Commission (SEC) as part of its application to issue an SUI exchange-traded fund (ETF). Canary is a frequent crypto ETF applicant. This would reportedly be the first SUI ETF in the United States. The Canary SUI ETF would be structured as a trust. Canary stated that it intended to stake some of its SUI through providers that will enable the trust to establish validator nodes.
