Grayscale Investments has launched the first Solana-focused ETF with integrated staking capabilities on NYSE Arca, marking a significant milestone in the convergence of traditional finance and digital assets. The Grayscale Solana Trust ETF (GSOL), converted from a closed-end vehicle first launched in 2021, now offers ordinary brokerage accounts exposure to SOL while receiving staking rewards directly from the network. This development comes amid growing competition from other asset managers and regulatory changes that have accelerated crypto ETF approvals, positioning Grayscale as one of the largest Solana exchange-traded product managers in the US by assets under management.
about Grayscale Launches Solana ETF with Staking on NYSE ArcaKristin Smith
0 posts last weekTrump Nominates Pro-Crypto Michael Selig as CFTC Chair
In a strategic move that could reshape America’s digital asset landscape, President Donald Trump has nominated Michael Selig, a prominent cryptocurrency advocate, to chair the Commodity Futures Trading Commission. This selection, now awaiting Senate confirmation, positions a seasoned crypto expert at the helm of an agency poised to expand its oversight of digital markets, signaling potential regulatory clarity for an industry long seeking definitive guidance.
about Trump Nominates Pro-Crypto Michael Selig as CFTC ChairCrypto Interest Surges as Americans Seek DeFi Alternatives
Nearly a quarter of Americans are actively exploring cryptocurrencies and blockchain technology as frustrations with traditional banking systems reach new heights, according to an August survey from the DeFi Education Foundation. This growing interest coincides with bitcoin and other crypto assets achieving record highs in 2025, mirroring gains in traditional equity markets including the Dow Jones Industrial Average (^DJI), NASDAQ Composite (^IXIC), and S&P 500 (^GSPC). Industry leaders are now pointing to decentralized finance as the solution to widespread dissatisfaction with conventional financial services.
about Crypto Interest Surges as Americans Seek DeFi AlternativesSEC Approves Grayscale Multi-Crypto ETF for Trading
The Securities and Exchange Commission has granted approval for Grayscale’s Digital Large Cap Fund to convert into an exchange-traded fund, marking a watershed moment for multi-cryptocurrency investment products. The GDLC fund, tracking Bitcoin, Ethereum, Solana, XRP, and Cardano, represents the first diversified crypto ETP in the U.S. market and follows Grayscale’s successful legal challenge against the SEC last year that fundamentally shifted the regulatory landscape.
about SEC Approves Grayscale Multi-Crypto ETF for TradingCFTC’s Mersinger Joins Blockchain Association as CEO
Summer Mersinger, a commissioner at the Commodity Futures Trading Commission (CFTC), will step down on May 30 to assume the role of CEO at the Blockchain Association starting June 2. Her appointment arrives during a crucial legislative period for digital assets, with the association advocating for market structure and stablecoin laws. Mersinger, known for her balanced stance on crypto regulation, previously dissented against the CFTC’s enforcement action against Uniswap, emphasizing the need for congressional clarity. Her background includes roles in Senator John Thune’s office, equipping her with legislative expertise. She succeeds Kristin Smith, who elevated the association’s influence. Industry figures, including Senator Pat Toomey and Crypto Council for Innovation’s Ji Kim, praised her appointment, highlighting her regulatory experience and leadership potential.
about CFTC's Mersinger Joins Blockchain Association as CEOCFTC Commissioner Mersinger Joins Blockchain Association as CEO
Summer Mersinger, a CFTC commissioner since 2022, is stepping down to lead the Blockchain Association as CEO starting June 2. Her early exit before her term ends in 2028 opens a seat for President Trump to appoint a new commissioner, maintaining the CFTC’s party balance. Mersinger, a Republican appointed during the Biden administration, had advocated for standardized crypto policies through public notice and comment regulation. Her move comes amid debates over whether the CFTC will gain expanded authority over digital assets under the Trump administration. The Blockchain Association will operate under interim leadership until Mersinger assumes her new role.
about CFTC Commissioner Mersinger Joins Blockchain Association as CEOCFTC’s Mersinger to Lead Blockchain Association
Summer Mersinger, a commissioner at the Commodity Futures Trading Commission (CFTC), will leave her post three years early to lead the Blockchain Association (BA) as its new CEO. Current BA CEO Kristin Smith will step down on May 16, with Mersinger officially assuming the role on June 2. Mersinger, who has held a Republican seat at the CFTC since 2022, will depart the agency on May 30, allowing President Trump to nominate a replacement. The move underscores the growing intersection between traditional financial regulation and the crypto industry.
about CFTC's Mersinger to Lead Blockchain AssociationUS Stablecoin Bill Stalls in Senate Amid Partisan Debate
The GENIUS Act, designed to regulate stablecoins in the US, has stalled in the Senate amid partisan disputes. The bill, introduced by Senator Bill Hagerty (R-TN), mandates 1:1 asset backing for stablecoin issuers, with reserves comprising USD, insured deposits, or Treasury securities. However, Democrats raised concerns over anti-money laundering, foreign issuers, and financial system safety. Despite bipartisan discussions, Republicans rejected a delay for further negotiations, leading to the bill’s failure in a cloture vote (48-49). Pro-crypto Senator Ruben Gallego (D-AZ) emphasized the need for bipartisan collaboration to protect consumers and maintain US leadership in crypto regulation. The Blockchain Association urged continued dialogue on the bill.
about US Stablecoin Bill Stalls in Senate Amid Partisan DebateSolana, Cardano Lead Altcoin Losses Amid Market Downturn
Solana (SOL) and Cardano (ADA) are leading the altcoin downturn, falling 5.6% and 5.5% respectively in the past 24 hours, while Bitcoin’s decline was milder at 2.2%. The overall crypto market dropped 4.3%, with Avalanche (AVAX) and Chainlink (LINK) also underperforming. Despite recent losses, Solana saw bullish developments, including Canadian regulators approving Solana ETFs and Janover purchasing $10M worth of SOL. Meanwhile, Cardano continues its downward trend, down 16.5% month-over-month. Ethereum mirrored the broader market, falling 4.4% to $1,571.61.
about Solana, Cardano Lead Altcoin Losses Amid Market DownturnSenate Votes to Repeal IRS Rule on Decentralized Finance Regulation
The U.S. Senate passed a bipartisan resolution to deregulate IRS oversight of the decentralized finance (DeFi) sector, with a 70-27 vote led by Senator Ted Cruz. The IRS rule, which aimed to classify DeFi trading services as “brokers” and impose compliance requirements, faced criticism for threatening the decentralized nature of the industry.Supporters of the repeal, including the Blockchain Association and Coinbase, view this as a significant step toward fostering innovation in blockchain finance. The resolution now awaits approval from the House of Representatives and the President to solidify DeFi’s legal standing in the U.S.
about Senate Votes to Repeal IRS Rule on Decentralized Finance RegulationBitcoin Market Volatility and Legislative Changes Impacting DeFi Regulations
U.S. lawmakers are advancing a resolution to repeal a controversial IRS rule requiring decentralized finance (DeFi) brokers to report crypto transactions, with the House Ways and Means Committee voting 26-16 in favor. Critics argue the rule is unworkable and infringes on financial privacy, while the IRS maintains it aims to level the playing field with traditional finance. As Bitcoin experiences significant sell-offs, industry leaders express concerns over the impact of regulatory changes on crypto innovation.
about Bitcoin Market Volatility and Legislative Changes Impacting DeFi RegulationsVeChain Price Forecast and Upcoming Renaissance Catalyst for Growth
VeChain (VET) is poised for a bullish surge, potentially reclaiming $1, driven by historical patterns and upcoming catalysts like the VeChain Renaissance and Donald Trump’s inauguration. Analysts predict a significant price increase, drawing parallels to the asset’s previous cycle, which saw a 6,538% rise. The planned tokenomics overhaul aims to enhance long-term growth and community engagement, while the overall crypto market may benefit from favorable policies under the new US administration.
about VeChain Price Forecast and Upcoming Renaissance Catalyst for Growth