JUST IN: 🇺🇸 CFTC Chair Mike Selig says "for too long, crypto markets have operated under uncertainty." "We're not regulating by enforcement and opaque rules."

LATEST: CFTC @ChairmanSelig says the U.S. must lead on crypto and prediction markets, arguing it's not a question of "whether" these innovations transform financial markets, "but a question of where."

BIG: The SEC is proposing to scrap key rules in the US stock system, big for tokenized equities trading in DeFi On Thursday, @SECGov proposed rescinding Rule 611 & 610(e) in Regulation NMS. Galaxy Digital’s @intangiblecoins says this is “one of the biggest unlocks yet” for tokenized stocks, as it opens door for AMMs to participate. TD Cowen also considers the proposal “broadly positive” for tokenization of equities, and expects it to be finalized in Q1 2027

To all DREPS and CC save some time and just conclude your votes on the dOSPO proposal by saying No or unconstitutional. I value y’all’s time, don’t waste it on this currently. There’s a revised version in the depending on NCL limits left

the CFTC chair just admitted that existing derivatives definitions don’t fit hyperliquid and staff are drafting new ones. circle is piping 90% of USDC yield through the protocol and coinbase is the official treasury deployer for roughly $6b of on‑chain USDC. the two most compliance‑sensitive firms in the industry don’t bolt core infra onto venues they expect to get nuked; they have regulatory visibility you don’t. a framework is coming—and it doesn’t read like an obituary. // zero illusion

Paradigm and Hyperliquid jointly urged the U.S. Treasury to ease AML requirements for DeFi stablecoin activity, an early attempt to shape compliance rules before they harden into barriers that could restrict onchain capital flows on platforms like Hyperliquid.