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Crypto Today: SEC eyes stock tokens, Visa tests stablecoins

In today's crypto news, the SEC is considering allowing stock trading on blockchain platforms, indicating a potential shift towards integrating digital assets with traditional finance. The SEC's proposal involves permitting stock tokens, which are digital representations of company shares, on approved crypto exchanges. This move highlights a growing regulatory openness to the tokenization process, which could enhance access to financial markets and lower costs for investors. Concurrently, Visa has unveiled a stablecoin pilot using USDC and EURC to facilitate cross-border payments, aiming to modernize outdated systems and allow for near-instant payouts while optimizing liquidity for banks and financial institutions. Additionally, the SEC announced it would not regulate Decentralized Physical Infrastructure Network (DePIN) tokens, providing clarity for projects like DoubleZero, which allows crypto infrastructure builders to focus on innovation rather than navigating complex securities laws.

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Trump Pulls Brian Quintenz Nomination for CFTC

The White House has officially withdrawn Brian Quintenz's nomination to chair the Commodity Futures Trading Commission (CFTC). Reports from Politico reveal that the decision came prior to its public announcement. Quintenz expressed gratitude for being nominated, describing the opportunity and the confirmation process as the honor of his

$1 Trillion Club ETF Gives Investors Exposure to Tech Giants—And Bitcoin

Defiance ETFs has launched a new ETF tracking the BITA Trillion Dollar Club Index, which includes major tech companies like Nvidia, Tesla, Apple, and Bitcoin through BlackRock's iShares Bitcoin Trust. This ETF, named TRIL, aims to provide investors with exposure to companies and assets with a market cap

U.S. SEC Takes Preliminary Step to Expand Universe of Crypto Custody to State Trusts

The U.S. Securities and Exchange Commission (SEC) has taken a significant step towards widening the landscape for crypto custody by indicating that state-chartered trusts are now acceptable for handling digital assets. This development, highlighted in a no-action letter from the SEC's Division of Investment Management, signals that

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