Following Michael Selig's confirmation, White House official David Sacks said the SEC and CFTC were set to offer "clear regulatory guidelines" for digital assets. US President Donald Trump’s AI and crypto czar has signaled that the White House may have all the pieces in place for digital asset regulation following the confirmation of Michael Selig to chair the Commodity Futures Trading Commission. In a Monday X post, David Sacks said the US was at a “critical juncture” for crypto regulation, and that Selig and Securities and Exchange Commission Chair Paul Atkins made up a “dream team to define clear regulatory guidelines.” Sacks’ comments were in response to Selig saying that the US Congress was preparing to complete work on a crypto market structure bill. “We are at a unique moment as a wide range of novel technologies, products, and platforms are emerging, retail participation in the commodity markets is at an all-time high, and Congress is poised to send digital asset market structure legislation that wil...
Behind the scenes, US banks are rebuilding core financial infrastructure so cash, custody and funds can move onchain under regulatory oversight. US banks are prioritizing tokenized versions of familiar products, including deposits, funds and custody, rather than launching new crypto-native assets. Most onchain bank activity is taking place in wholesale payments, settlement and infrastructure, largely out of public view. Regulators are increasingly allowing crypto-related banking activities, but only within tightly supervised and risk-managed frameworks. Read more
From niche experiment to $7 billion market, tokenized US Treasurys are quietly becoming a major driver of institutional onchain yield. Tokenized US Treasurys have emerged as one of the fastest-growing segments of the real-world asset (RWA) market, with data pointing to 50x growth in less than two years amid rising institutional demand for on-chain yield. Data from Token Terminal shows that the combined market capitalization of tokenized US Treasury products has exploded from well under $200 million in January 2024 to almost $7 billion in late 2025. The growth underscores the rapid acceleration of onchain adoption for government-backed debt instruments. At the center of this expansion is BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which is widely regarded as the flagship product of the tokenized Treasury market. Read more
Bitcoin and select altcoins are attempting to start a recovery, but higher levels are expected to attract strong selling by the bears. Key points: Bitcoin is attempting to start a recovery, but higher levels are likely to attract sellers. The weak bounce in several altcoins shows that the bears continue to exert pressure. Read more