Five years after the GameStop trading frenzy forced Robinhood to restrict purchases, CEO Vlad Tenev points to tokenization as the solution that could have prevented the crisis, blaming outdated settlement infrastructure. However, financial experts counter that traditional brokerages navigated similar surges without incident, suggesting Robinhood’s own capital and risk management shortcomings were the true bottleneck. As the SEC reiterates that tokenized securities must adhere to existing laws, the debate highlights the tension between technological innovation and fundamental financial safeguards.
about Robinhood CEO: Tokenization Could Have Prevented GameStop HaltHouse Financial Services Committee
0 in Finance and 0 in Crypto last weekWaters Demands SEC Hearing Over Dropped Crypto Cases
Senior Democrat Maxine Waters is pushing for a congressional hearing with SEC Chairman Paul Atkins to explain why the agency has dropped or delayed several high-profile crypto enforcement cases. She argues these decisions may weaken securities law enforcement and investor protections. The request highlights growing political scrutiny of the SEC’s crypto oversight approach.
about Waters Demands SEC Hearing Over Dropped Crypto CasesFDIC to Propose Stablecoin Rules Under GENIUS Act This Month
The U.S. Federal Deposit Insurance Corporation (FDIC) is poised to take a decisive step in cryptocurrency oversight, with acting chair Travis Hill set to announce a proposed framework for implementing stablecoin laws under the GENIUS Act later this month. This move signals the beginning of a structured federal regulatory approach to payment stablecoins, a rapidly growing segment of the digital asset market that has operated under significant regulatory uncertainty.
about FDIC to Propose Stablecoin Rules Under GENIUS Act This MonthGOP Report Accuses Biden of ‘Operation Choke Point 2.0’ Against Crypto
Republican lawmakers have released a final report accusing the Biden administration of orchestrating a coordinated campaign to cut off banking services to cryptocurrency firms. They label the alleged regulatory pressure ‘Operation Choke Point 2.0’ and call for urgent legislative action. The report demands clarity through new laws like the CLARITY Act to protect the digital asset industry.
about GOP Report Accuses Biden of 'Operation Choke Point 2.0' Against CryptoXRP Called Humanity’s Best Chance to Transform Global Money
Vincent Scott, a prominent voice in the XRP community, has declared XRP and the XRP Ledger as humanity’s optimal solution for revolutionizing global financial infrastructure. His analysis combines optimism about Ripple’s strategic corporate moves with a stark warning that regulatory clarity remains the critical missing piece for meaningful progress. While market data shows XRP maintaining stronger recent gains than Ethereum, the community remains divided on timing and approach despite shared enthusiasm for XRP’s potential to reshape how money moves worldwide.
about XRP Called Humanity's Best Chance to Transform Global MoneySenate Dems Question Trump’s Binance Co-Founder Pardon
Seven Senate Democrats have launched a formal challenge against President Trump’s controversial pardon of Binance co-founder Changpeng ‘CZ’ Zhao, demanding immediate explanations from the Justice Department. In a sharply worded open letter, the lawmakers characterized the pardon as a corrupt act that signals impunity for cryptocurrency executives and white-collar criminals, while directly accusing Trump of encouraging criminal activity that personally enriches him. The move represents a significant escalation in political scrutiny over the administration’s relationship with the crypto industry.
about Senate Dems Question Trump's Binance Co-Founder PardonBill Seeks to Codify Crypto in 401(k) Retirement Plans
A new legislative proposal in the U.S. House of Representatives seeks to transform President Donald Trump’s executive order on retirement plan diversification into binding federal law. Republican Representative Troy Downing has introduced draft legislation that would formally authorize including cryptocurrencies and other alternative assets in 401(k) accounts, potentially opening the door for millions of American retirement savers to gain exposure to digital assets through their primary retirement vehicles.
about Bill Seeks to Codify Crypto in 401(k) Retirement PlansSEC Probed Over Gensler’s Deleted Texts in Crypto Crackdown
House Republicans have launched a sweeping investigation into the Securities and Exchange Commission after an internal watchdog revealed that nearly a year of text messages from former Chair Gary Gensler were permanently deleted due to agency failures. The missing communications span October 2022 through September 2023, coinciding with the SEC’s most aggressive enforcement campaign against cryptocurrency firms, creating what lawmakers call a glaring double standard in regulatory oversight.
about SEC Probed Over Gensler's Deleted Texts in Crypto CrackdownHouse GOP Probes SEC’s Gensler Over Deleted Text Messages
House Republicans are intensifying their scrutiny of former SEC Chair Gary Gensler, launching an investigation into deleted text messages from his tenure between 2021 and 2025. The probe follows findings from the SEC’s Office of Inspector General that raised serious questions about the commission’s transparency and integrity under Gensler’s leadership, with lawmakers now demanding answers about potential record-keeping violations and accountability lapses at the nation’s top financial regulator.
about House GOP Probes SEC's Gensler Over Deleted Text MessagesHouse Panel Urges SEC to Fast-Track Crypto 401(k) Access
A bipartisan coalition on the House Financial Services Committee is pressing the Securities and Exchange Commission (SEC) to swiftly implement President Donald Trump’s executive order, paving the way for cryptocurrency investments in 401(k) retirement plans. In a September 22 letter to SEC Chairman Paul Atkins, the lawmakers argue that expanding access to alternative assets is crucial for helping 90 million Americans secure better retirement outcomes, signaling a significant potential shift for the $12.2 trillion defined-contribution market.
about House Panel Urges SEC to Fast-Track Crypto 401(k) AccessUS Treasury Seeks Input on Digital Asset Illicit Activity Detection
The US Treasury Department is soliciting public comments by Oct. 17 on novel strategies to detect and mitigate illicit finance risks in digital assets, as mandated by the GENIUS Act. Signed into law in July, the act aims to enhance oversight of stablecoins and digital asset markets. Treasury Secretary Scott Bessent emphasized the importance of this initiative for securing US leadership in the digital asset space. After reviewing submissions, the Treasury will compile reports for congressional committees, shaping future regulatory approaches.
about US Treasury Seeks Input on Digital Asset Illicit Activity DetectionBitcoin Surges Past $118K, Wipes Out $1.25B in Shorts
Bitcoin’s price surged past $118,000, erasing $1.25 billion in short positions in a single day. Analysts like Charles Edwards of Capriole Investments highlight corporate treasury demand, with public companies adding a record 159,107 BTC in Q2. VanEck’s Matthew Sigel points to macro tailwinds, including Fed rate cut expectations and stablecoin legislation, as catalysts for further gains. The rally unfolds amid a supportive macro backdrop, with Fed Governor Waller signaling openness to rate cuts. However, technicians caution that sustaining momentum above $110,000 is critical to avoid a failed breakout. At press time, BTC traded at $117,854.
about Bitcoin Surges Past $118K, Wipes Out $1.25B in Shorts