🇦🇺 LATEST: Australia’s crypto industry welcomes new draft laws for digital-asset platforms, but says unclear definitions could still stifle innovation. https://t.co/G7Efe0QvDH ...

Core Insights - GenieAI has launched Allo, a pioneering data platform designed to provide live, verified track records for crypto separately managed accounts (SMAs) [1] Company Overview - The introduction of Allo marks a significant advancement in the crypto investment space, aiming to enhance transparency and trust in crypto SMA performance [1] Industry Impact - This platform is expected to set a new standard for data verification in the cryptocurrency sector, potentially attracting more institutional investors to the market [1]

🏦 Eric Trump calls on the crypto industry to prioritize hospitality and user experience, urging exchanges and DeFi platforms to become more user-friendly so “big banks fade out of view.” https://t.co/x54Zdsa2vy ...

Eleven crypto companies raised $99.6 million this week, according to DefiLlama data. That brings the total funding for crypto companies to nearly $22 billion so far in 2025, far outpacing 2024’s total by over $11 billion. Investors from Galaxy Ventures and Codebase expect it to go even higher, with investors expected to plough over $25 billion into the industry in 2025. Despite the October deleveraging, the crypto fundraising environment remains stable, according to Mike Giampapa, General Partner of Gal ...

Core Insights - The nomination of Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC) represents a significant shift in U.S. crypto policy, moving away from an enforcement-first approach to a more structured regulatory environment [1][6] - Selig's background as Chief Counsel of the SEC's Crypto Task Force positions him as a key figure in shaping a friendlier regulatory landscape for digital assets [2][5] - The appointment follows a politically charged failed nomination process, highlighting divisions within the crypto sector regarding regulatory approaches [4] Regulatory Framework - The Trump administration has introduced significant digital asset legislation, including the GENIUS Act and CLARITY Act, aimed at integrating crypto into the U.S. financial market structure [6] - Under the proposed framework, the CFTC would oversee spot crypto trading, classifying most cryptocurrencies as commodities, while the SEC would maintain jurisdiction over security-like instruments [7] - This regulatory shift places the CFTC chair in a pivotal role for the supervision of the majority of the crypto market [7]

Crypto exchange Crypto.com has filed a national trust bank charter application with the Office of the Currency Comptroller (OCC), the firm announced on Friday. The application puts the firm on a growing list of crypto companies—like USDC issuer Circle, crypto exchange Coinbase, and Bridge, the stablecoin arm of private payments company Stripe—which have also sought the national bank charter. “Building the Crypto.com product and service portfolio through regulated and secure offerings has been our focus sin ...

Core Insights - Crypto.com has filed an application with the OCC for a National Trust Bank Charter, aiming to expand its custody business rather than operate as a traditional bank [1][2][3] - The potential federal regulatory approval could attract more institutional clients to its custody solutions and enable new staking options [1][4] - The community has shown cautious optimism regarding the banking license, as evidenced by a brief spike in the value of its CRO token following the announcement [5][6] Company Strategy - The CEO of Crypto.com emphasized the focus on building a regulated and secure product and service portfolio, indicating a strategic shift towards custody services [2][3] - The company aims to leverage its new custody role to offer additional services, such as token staking across multiple blockchains [4] Market Context - The OCC has become more crypto-friendly, allowing banks to custody digital assets, which may increase the likelihood of Crypto.com obtaining the banking license [6] - The trend of crypto-native firms seeking banking charters is growing, with other companies like Ripple and Coinbase also pursuing similar paths [2][6]

Company Strategy - Ripple launches Ripple Prime after acquiring Hidden Road [1] - Ripple becomes the first crypto firm to operate as a global multi-asset prime broker [1] Industry Impact - The acquisition positions Ripple as a significant player in the crypto prime brokerage space [1]

⚡️ INSIGHT: CZ’s presidential pardon isn’t a clean slate.It's a seal on his conviction, paving the way for a flood of civil lawsuits against Binance.Is this the crypto industry’s reckoning or a dangerous precedent undermining justice? https://t.co/LORHSp3fgl ...

Regulatory Compliance - Cryptomus, a Vancouver-registered crypto firm, has been fined $126 million for failing to report high-risk transactions [1] Risk Factors - The unreported transactions were tied to child abuse, ransomware, and Iran-linked transfers [1]