Coinbase is seeking regulatory approval from the SEC to introduce blockchain-based equities, which would allow it to offer digital tokens representing ownership in publicly traded companies. Chief Legal Officer Paul Grewal emphasized the initiative as a ‘huge priority,’ aiming for a ‘no action letter’ from the SEC to proceed without legal challenges. Tokenized equities promise faster settlements, lower costs, and 24/7 trading but face hurdles like regulatory uncertainty and liquidity issues. While Kraken has already launched a similar product outside the U.S., Coinbase’s move aligns with a more favorable regulatory climate under the Trump administration. Success could open new revenue streams and further merge traditional finance with DeFi.
about Coinbase Seeks SEC Approval for Blockchain EquitiesCharles Schwab
0 in Finance and 0 in Crypto last weekAlabama Recovers $125K in Crypto from Pig Butchering Scams
Alabama’s Securities Commission (ASC) has reclaimed $125,000 in crypto for two residents who lost a combined $580,000 to ‘pig butchering’ scams—a form of romance fraud where victims are lured into fake crypto investments. The Baldwin County victim lost $185,000 after meeting a scammer on Bumble, while the Etowah County victim was defrauded of $395,310 via a WhatsApp ad impersonating Charles Schwab. Pig butchering scams now account for 33.2% of global crypto fraud ($9.9 billion in 2024), with criminals shifting to shorter cons to target more victims. The ASC warns that delays in reporting drastically reduce recovery chances, as most scams originate overseas with irreversible transactions. Federal authorities have sanctioned entities like Philippines-based Funnull Technology for enabling such schemes.
about Alabama Recovers $125K in Crypto from Pig Butchering ScamsTrump’s Truth+ Explores Utility Token and Crypto Wallet
Trump Media & Technology Group (TMTG), led by CEO Devin Nunes, is considering the release of a utility token and a ‘Truth digital wallet’ for its Truth+ streaming platform. The token could initially cover subscription costs and later expand to other services. TMTG has also partnered with Charles Schwab for its fintech venture, Truth.Fi, which will offer customized SMAs and ETFs with an ‘America-First’ theme, including crypto and traditional equities. The firm plans to invest $250 million in diversified assets, potentially including Bitcoin. However, Trump’s crypto ventures, including the TRUMP memecoin, have faced criticism, with concerns raised about legal and ethical implications.
about Trump's Truth+ Explores Utility Token and Crypto WalletMorgan Stanley & Charles Schwab Eye Crypto Trading Amid Eased US Rules
Morgan Stanley plans to introduce spot crypto trading on its E*Trade platform by 2026, expanding access beyond high-net-worth clients to retail investors. Charles Schwab is also preparing for direct spot crypto trading, with CEO Rick Wurster targeting a launch within 12 months. These developments follow significant US regulatory changes, including the SEC repealing restrictive accounting rules and the Federal Reserve relaxing crypto partnership requirements for banks. The FDIC and OCC have similarly eased guidelines, encouraging traditional financial institutions to enter the crypto space. This regulatory shift is reshaping the financial landscape, with crypto-native firms seeking banking licenses and legacy institutions adapting to remain competitive.
about Morgan Stanley & Charles Schwab Eye Crypto Trading Amid Eased US RulesTrump Media Expands into Crypto with Utility Token and ETFs
Trump Media and Technology Group (TMTG), the company behind Truth Social, is expanding its crypto ambitions by developing a utility token and digital wallet. The token will be used for services like Truth+ subscriptions and other offerings within its ‘Truth ecosphere.’ TMTG is also partnering with Crypto.com and Yorkville America Digital to launch ETFs under the Truth.Fi brand, focusing on U.S.-domiciled securities and digital assets. The company has authorized up to $250 million in investments through Charles Schwab to support these initiatives. However, the move has raised ethical concerns, particularly regarding former President Donald Trump’s involvement in the crypto space, including his association with the TRUMP meme coin. Critics, including Senator Elizabeth Warren, are questioning the SEC’s oversight of TMTG’s crypto ventures. The TRUMP meme coin, currently the fourth-largest by market cap, has seen volatility, adding fuel to the debate over the intersection of politics and cryptocurrency.
about Trump Media Expands into Crypto with Utility Token and ETFsTrump Media Expands into Crypto with Truth+ Token and Fintech
Trump Media and Technology Group, backed by former President Donald Trump, is expanding its crypto and fintech initiatives. The company plans to launch a utility token for payments on its Truth+ streaming platform, alongside a Truth-branded digital wallet. Additionally, it is establishing Truth.Fi, a financial services arm offering America-First investment products like SMAs and ETFs, supported by partnerships with firms like Index Technologies Group and Crypto.com. The company has earmarked $250 million for these ventures, including Bitcoin holdings under Charles Schwab custody. These developments signal Trump Media’s push into blockchain-integrated financial solutions.
about Trump Media Expands into Crypto with Truth+ Token and FintechTrump Media Partners with Crypto.com to Launch ‘Made in America’ ETFs
Trump Media and Technology Group, led by former US President Donald Trump, has signed a binding agreement with Crypto.com and asset manager Yorkville America Digital to launch ETFs with a ‘Made in America’ focus. The ETFs will include digital assets and securities across industries like energy and will be available through Crypto.com’s broker-dealer, Foris Capital. The funds will be launched via Trump Media’s decentralized finance platform, Truth.Fi, with regulatory approval expected by late 2025. Trump Media plans to invest part of its cash reserves into these ETFs, alongside Separately Managed Accounts under Truth.Fi. The deal follows a non-binding agreement in March and aligns with Trump Media’s broader fintech strategy, leveraging a $250 million custodial partnership with Charles Schwab. The announcement has boosted Crypto.com’s native token, Cronos (CRO), by 12%, though it remains far below its 2021 peak.
about Trump Media Partners with Crypto.com to Launch 'Made in America' ETFsTrump Media Expands into Crypto ETFs with Truth.Fi Brand
Trump Media & Technology Group (TMTG), the company behind Truth Social, is expanding into digital finance through crypto exchange-traded funds (ETFs). The firm announced a partnership with Crypto.com and Yorkville America Digital to launch ‘Truth.Fi’ ETFs, targeting exposure to digital assets and key US sectors like energy. With a $250 million commitment and Charles Schwab as custodian, these ETFs could launch later this year across North America, Europe, and Asia. The announcement triggered a surge in Trump-related assets, including TMTG shares (up 5%) and the TRUMP memecoin (up 7%). Despite the rally, the memecoin remains 88% below its January peak. The move highlights the growing intersection of Trump’s media ventures, digital finance, and political influence, though the ownership structure of the TRUMP memecoin remains unclear.
about Trump Media Expands into Crypto ETFs with Truth.Fi BrandTrump Media & Crypto.com Launch Crypto ETFs
Trump Media, backed by former US President Donald Trump, has entered a partnership with Crypto.com to introduce cryptocurrency and securities-focused Exchange-Traded Funds (ETFs) and Exchange-Traded Products (ETPs) under the Truth.Fi brand. The deal, supported by Yorkville America Digital and advised by Davis Polk & Wardwell LLP, will debut through Crypto.com’s broker-dealer, Foris Capital US LLC. The ETFs will emphasize US-centric investments across industries like energy and are expected to launch later this year pending regulatory approval. Additionally, Trump Media plans to allocate $250 million from its cash reserves into these financial products as part of its broader FinTech strategy. The move follows the earlier announcement of the Truth.Fi Bitcoin Plus ETF and aligns with the Trump administration’s focus on energy independence and Bitcoin adoption. Bitcoin’s price surged to $90,718 amid growing institutional interest, with analysts predicting further gains as demand increases.
about Trump Media & Crypto.com Launch Crypto ETFsCharles Schwab Plans Spot Crypto Trading by 2026
Charles Schwab, managing $9.93 trillion in client assets, is set to introduce a spot crypto trading service by 2026, as revealed by CEO Rick Wurster during the Q1 earnings call. The firm has seen a 400% spike in crypto site traffic, with 70% of visitors being non-clients, signaling strong market interest. Schwab aims to leverage its trusted brand to attract crypto investors, with plans to roll out new capabilities soon. The company has also appointed Joe Vietri as its first ‘head of digital assets’ to oversee crypto strategy. This move aligns with evolving regulatory trends and growing demand for crypto services among traditional investors.
about Charles Schwab Plans Spot Crypto Trading by 2026Charles Schwab to Offer Spot Crypto Trading Amid Regulatory Shifts
Charles Schwab is poised to enter the spot cryptocurrency trading market, a landmark shift as traditional finance increasingly integrates with digital assets. Under incoming CEO Rick Wurster, the firm plans to offer direct crypto access once U.S. regulatory conditions improve, potentially boosting accessibility for Bitcoin (BTC) and Ethereum (ETH). This strategic expansion could attract new investors, enhance market liquidity, and further legitimize crypto in mainstream portfolios. At the time of reporting, Bitcoin traded at $87,501, reflecting strong momentum. Schwab’s move underscores growing institutional confidence and regulatory progress, paving the way for broader adoption.
about Charles Schwab to Offer Spot Crypto Trading Amid Regulatory ShiftsCharles Schwab to Launch Spot Crypto Trading, Boosting BTC & ETH
Charles Schwab is preparing to introduce spot cryptocurrency trading, marking a pivotal moment in the convergence of traditional finance and digital assets. The firm, led by incoming CEO Rick Wurster, aims to offer direct crypto access once U.S. regulations become more favorable. This strategic move could enhance accessibility for Bitcoin (BTC) and Ethereum (ETH), attracting new investors and increasing market liquidity. Schwab’s entry into spot trading reflects broader institutional interest and regulatory progress, potentially accelerating mainstream adoption. At the time of reporting, Bitcoin was trading at $87,501, showing notable daily and weekly gains. This development underscores the growing integration of crypto into traditional investment portfolios.
about Charles Schwab to Launch Spot Crypto Trading, Boosting BTC & ETH