Belarus President Aleksandr Lukashenko pressed his government to introduce tougher regulation for the crypto industry, local media reported on Sept. 5.

According to the report, Lukashenko warned that lax oversight was undermining investor security and the state’s economic interests.

The President delivered the rebuke during a high-level government conference after a state audit found that about half of all citizen investments sent to foreign crypto platforms fail to return.

The inspection, carried out by the State Control Committee, also uncovered violations in how domestic platforms register financial operations.

Push for regulatory overhaul

The President said he had ordered a comprehensive framework for digital tokens and crypto as far back as 2023, but no binding legislation has reached his desk until now. The country has also initiated plans to create a central bank digital currency tied to the Russian ruble.

He criticized the government for allowing “digital life” to outpace the law, urging officials to finalize regulations that guarantee financial stability while protecting investors.

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Currently, digital asset activity in Belarus falls under the Hi-Tech Park, a special economic zone governed by Ordinance No. 8. The framework, introduced to foster the country’s IT sector, sets the legal foundation for token creation and trading.

Lukashenko acknowledged the framework but said it was insufficient and signalled that traditional state agencies would soon play a larger role in the sector’s oversight.

Balancing security and investment

The measures Lukashenko outlined focus on creating transparent rules for market participants, including safeguards that ensure funds remain within the country.

At the same time, he stressed the importance of allowing legitimate local businesses and foreign investors to continue operating in what he called Belarus’ “digital haven.”

The government has not yet released a timetable for when new regulations will be enacted, but Lukashenko’s ultimatum indicates that the crypto industry in Belarus is likely to face a sharp increase in state scrutiny in the months ahead.

On this SlateCast episode, Nemo.money CEO Nicholas Scott joined CryptoSlate’s Liam “Akiba” Wright and Nate Whitehill to discuss AI-guided investing grounded in verified data. Scott outlined Nemo’s portfolio-insight engine, privacy safeguards, and thematic discovery features, while contrasting progressive UAE regulations with slower UK oversight and highlighting stablecoins’ promise for frictionless settlements. The conversation underscored guidance over advice and the future of personalized, compliant fintech innovation.

From slideware to a live, award-winning product

Nemo.money began life in 2021 in a crowded field of investing apps. Scott explained that the team quickly had to choose which core user problem to solve. Rather than building primarily for education, Nemo focused on surfacing actionable opportunities aligned to a user’s goals and risk appetite—helping people decide what to buy and when, without recommending a single security to any individual.

“We don’t have permission to give … advice,” Scott noted, emphasizing that Nemo presents options and context while leaving decisions to the user.

Guidance, not advice: how Nemo frames AI

A centerpiece is Nemo’s daily, AI-driven “portfolio insight.” With a tap, users receive a concise brief on what moved in their holdings over the last 24 hours—stitched together from relevant headlines and price action—plus ideas to improve diversification. The experience is designed to save time and surface “interesting stories,” not just the biggest movers, so users learn why their portfolio behaved the way it did and explore adjacent assets or ETFs that might rebalance risk.

Wright underscored the point that any AI summary must be grounded:

“And it’s amazing writing that back, but it needs the fact to begin with. You cannot get trust.”

Scott agreed, explaining Nemo’s strict separation between facts and language models: the team licenses fundamentals, volumes, and sentiment from tier‑one financial data vendors, then feeds that truth set into the LLM to generate user‑specific insights.

“We learned that early doors: buy from good data providers.”

Truth first: model strategy and privacy

Not every feature demands the latest, priciest model. For factual, template‑like updates (e.g., refreshed company health summaries generated from fundamentals), Nemo can rely on established models. For problem‑solving tasks—like suggesting diversification paths from a user’s current holdings—the company opts for newer models. Scott also stressed privacy: user portfolios are anonymized before being processed, and personally identifiable information isn’t passed to external AI tools.

Where regulation really leads: UAE vs. UK (and stablecoins)

Asked where the most forward‑thinking regulation is emerging for AI and crypto, Scott pointed to the UAE. Dubai’s willingness to pilot and fund innovation allows companies like Nemo to iterate faster, he said, contrasting that pace with the UK’s slower regulatory cadence. Stablecoins also featured: clearer frameworks promise to simplify the cross‑border payments that brokers wrestle with daily—an area where crypto’s original “value transfer” design can meaningfully reduce friction.

Beyond mega‑caps: discovery at the edges

Nemo lists thousands of instruments across asset classes, with crypto currently available via CFDs as the company explores deeper integrations. A key KPI for the team is breadth of engagement: users aren’t just piling into the same handful of names. Features that cluster securities around investment ideas (“AI infrastructure,” “carbon capture,” etc.) encourage discovery aligned with each user’s interests and objectives rather than simply amplifying the biggest tech stocks.

Wright captured a common research pain point—finding the less obvious picks around a theme (e.g., suppliers to chip manufacturers). Nemo’s forthcoming capability auto‑assembles thematic baskets on the fly from a user’s natural‑language query and explains the relevant sub‑sectors in plain English.

Personalization: from briefings to AI‑generated podcasts

The next step in Nemo’s portfolio brief is format flexibility. Scott revealed the team is piloting an AI‑generated audio version—essentially a personalized “mini‑podcast” that can inject timely context (upcoming macro events like FOMC, non‑farm payrolls, or crypto‑specific catalysts) and adapt depth or tone to the listener’s sophistication. The long‑term vision is content that meets users where they are—channel, language, and complexity—without condescension or data leakage.

Wright also pressed on availability. Nemo launched under Abu Dhabi regulation and is seeing traction across the Middle East and Africa with organic interest from Europe. The U.S. market remains on the roadmap, with the team watching regulatory movement closely.

Wright, on CFDs: “It’s a trade, not an investment, isn’t it?” — a reminder that product design and disclosures must match user intent and jurisdictional rules.

Closing

The SlateCast episode with Nicholas Scott offered a clear view of where AI‑guided investing is headed: truthful data first, models second; guidance over advice; and personalization without compromising privacy. From discovery tools that go beyond mega‑caps to AI‑generated portfolio briefings, Nemo’s approach shows how careful product choices can turn noise into signal.

As regulatory frameworks around AI and stablecoins mature—and more jurisdictions pilot pragmatic rules—the fusion of digital assets and traditional markets will only accelerate. The intersection of compliant innovation, user‑centric design, and trustworthy data is set to be one of the most consequential areas to watch in the coming years.

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August 2, 2025

The DeFi Education Fund (DEF), a policy advocacy group backed by an early Uniswap grant, has called on the US Senate Banking Committee to take a more measured approach to DeFi regulation.

In a formal response to the draft Responsible Financial Innovation Act of 2025 (RFIA), DEF and a coalition of top crypto firms outlined a framework they believe can safeguard innovation without undermining national security or consumer protections.

The response was co-signed by a16z Crypto, Jito Labs, Jump Crypto, Paradigm, Multicoin Capital, Solana Policy Institute, Uniswap Foundation, Uniswap Labs, and Variant Fund.

DEF Calls for Clear DeFi Rules, Developer Protections in Senate Response

The DEF’s response pushes for four key pillars, including distinguishing between DeFi developers and intermediaries, defining which entities are required to register with federal authorities, setting decentralization criteria, and ensuring technology-neutral rulemaking.

These suggestions come amid the Senate’s call for public feedback on the RFIA, which builds on the earlier CLARITY Act.

Lawmakers say they aim to strike a balance between market growth and financial oversight, but DEF argues that a nuanced understanding of decentralized systems is essential.

One of the more urgent issues raised in the letter involves the ongoing federal case against Tornado Cash developer Roman Storm.

DEF criticizes current FinCEN guidance used in the prosecution, warning that treating non-custodial software code as a financial service sets a dangerous precedent.

“Software that does not take custody or control should not be regulated as an intermediary,” DEF states, urging legislative clarification.

The coalition also emphasized the need for federal preemption to override conflicting state laws.

According to DEF, without preemption, well-funded traditional financial players could exploit state-level loopholes to target DeFi developers and suppress emerging competition.

Andreessen Horowitz Flags Gaps in Draft Crypto Bill

On Thursday, Andreessen Horowitz (a16z) also urged US lawmakers to revisit and revise the draft crypto regulation bill, warning that the current proposal could open legal loopholes and weaken investor protections.

While the draft seeks to clarify the regulatory landscape for digital assets, a16z argues that the framework as written poses legal and structural risks, especially around the treatment of “ancillary assets.”

Ancillary assets refer to digital tokens sold alongside investment contracts, typically without providing buyers with equity, dividends, or governance rights.

a16z said using this category as the foundation for new legislation “without significant modifications” is problematic.

The firm believes this structure contradicts the Howey test, which is the longstanding legal standard for determining whether an asset qualifies as a security under U.S. law.

“Rewriting Howey,” the letter stated, “would depart from settled law and endanger investor protections.”

Instead, a16z supports the CLARITY Act’s narrower definition of “digital commodities” and recommends codifying a control-based decentralization model.

This would assess whether any party retains unilateral control, operational, financial, or governance, over a blockchain system.

According to the firm, decentralization should mark the point at which an asset transitions from a security to a commodity.

Blockchain Banter Live

As the host of Blockchain Banter, I recently sat down with Dr. Mark Richardson, Project Lead at Bancor and Carbon DeFi, and Yves Burri and Oliver Giera, the Founder and Co-founder of Aureus — a Real World Assets (RWA) protocol that’s quickly becoming a go-to solution for institutions entering the space.

This episode unpacks why now is the time for RWAs, and the pieces coming together to make it possible.

What Held Them Back? Enforceability

https://medium.com/media/3dc915b57e46591df33c8e31f269d0de/href

“If you go into the office of a $100 million fund and pitch tokenized assets, they won’t rely on regulation that will hopefully rule in their favor. They need certainty. They need to know: ‘Can I enforce my rights in court?’”

Aureus spent years fusing together institutional-grade infrastructure with meticulously designed legal blueprints and compliant frameworks — and for the first time, the answer to institutions’ biggest question is an unequivocal yes.

“Now, institutions aren’t just curious — they’re actively reaching out. They want to be among the first movers.”

But enforceability alone doesn’t complete the picture. Compliance without privacy isn’t enough.

COTI and the Compliance-Privacy Paradox

https://medium.com/media/53b7b513e191b9248468ff26ecbd8c68/href

Institutions have another non-negotiable requirement: not just privacy, but the right kind of privacy.

As Yves put it, Monero is a cypherpunk’s dream — but for a regulated market? “It’s dangerous to even list.” The issue isn’t privacy itself — it’s unaccountable privacy.

“Society is okay with Aunt Josephine having privacy over her bank account. But when Osama Bin Laden asks for privacy to buy remote controllers, that’s where lines get drawn.”

Yves mentioned there were a number of privacy solutions out there, but only with COTI’s Privacy-on-Demand technology did Aureus find a privacy solution that doesn’t jeopardize compliance.

“It stays sealed unless a legitimate authority has a reason to look inside.”

With enforceability addressed and privacy secured, one barrier still remained — an institutional-grade trading system that could actually support large asset transactions.

This is where “Bancor’s Carbon DeFi completes the puzzle”.

Bancor and the Institutional DEX Problem

https://medium.com/media/6df0a676ccd92e6b18b12b4f222fa3b1/href

“The infrastructure that you have to provide to cope with the compliance, scale, and just general structure and experience of a traditional finance player — this has not been there in DeFi three, four years ago.”

“Carbon DeFi, the single-sided order book curves that you provide — this not only complies with what a private equity or private debt [holder] would want… It goes beyond that. It allows them to effectively scale in and out of assets based on parameters they can define.”

In other words, Carbon DeFi doesn’t just meet institutional expectations — it lets them trade on their own terms, with programmable precision.

“It’s almost like you can define a term sheet with very elaborate terms that they’re used to, and you can put it onchain as a passive order.”

And unlike most DEXs, Carbon DeFi is resilient by design.

“There’s no sketchy or elaborate mechanisms that people could run sandwich attacks or try to move your order curve in any way. There’s simply no incentive — you would just lose money and essentially play into the hands of the strategy maker.”

This level of control and predictability? Unmatched and native to the protocol, with no third party dependencies or risks involved.

“Many of these things are such a novelty. But they really, for us, make such a strong case when we talk to these institutional players… Nothing else offers this level of flexibility — not even close.”

Not All DEXes are Built the Same

https://medium.com/media/c38afaf734a3a81dc3acfe49d0af7984/href

“You guys are titans of the DeFi industry. You invented the AMM and in my opinion, you kind of invented DeFi… but now you’ve invented a much better product than even the AMM — which is Carbon DeFi.”

“Nobody is going to sell a $20 million infrastructure asset on Uniswap… but now with Carbon DeFi, with your idea of an onchain order book, you brought a solution. We couldn’t really do what we want to do without this part of the puzzle.”

For Aureus, Bancor was the final layer that brought their institutional blueprint to life.

*If you’re a builder and want to integrate Carbon DeFi directly, contact bizdev@bancor.network for licensing opportunities.

From Idea to Execution

With COTI’s Privacy-on-Demand and Bancor’s Carbon DeFi, each solved a fundamental piece — from compliant privacy to programmable, institutional-grade trading infrastructure. But it was Aureus bringing them together, and bringing crypto closer to true institutional adoption.

Watch the full episode — Presented by Bancor

https://medium.com/media/ed1106cf32e41acedc42129996ad6c18/href

Blockchain Banter is a live, unscripted discussion series where industry experts, builders, and thought leaders come together to share knowledge, challenge ideas, and explore the evolving landscape of DeFi and blockchain.

Follow me on X and LinkedIn, and reach out if you’re interested in joining a future episode – I love connecting with builders, thought-leaders, and especially skeptics.

Aureus

Aureus is engineering a new era of sovereign, resilient finance — a trusted bridge that liberates trillions in real-world assets and channels them into the world’s most liquid capital markets. Our ecosystem is anchored by AUg, a gold-backed settlement token, and a fully regulated exchange for tokenised equities. By fusing institutional-grade decentralised infrastructure with radically simple user experience — and upholding our Swiss Standard of Trust — we are building a fairer, more robust global economy.

COTI

COTI is renowned for its “Privacy-on-Demand” solution, a revolutionary approach to on-chain confidentiality. By utilizing an innovative implementation of garbled circuits, COTI enables encrypted and compliant transactions, protecting users from front-running and other malicious attacks without compromising on-chain liquidity.

Bancor

Bancor is a pioneer in decentralized finance (DeFi), established in 2016. It invented the core technologies underpinning the majority of today’s automated market makers (AMMs) and continues to develop the foundational infrastructure critical to DeFi’s success — focusing on enhanced liquidity mechanics and robust onchain market operation.

For more on Bancor

Website | Blog | X/Twitter | Analytics | YouTube | Governance

Carbon DeFi

Carbon DeFi, Bancor’s flagship DEX, enables users to do everything possible on a traditional AMM — and more. This includes custom onchain limit and range orders, with the ability to combine orders into automated buy low, sell high strategies. It is powered by Bancor’s latest patented technologies: Asymmetric Liquidity and Adjustable Bonding Curves.

For more on Carbon DeFi

Website | X/Twitter | Analytics | Telegram

All products of Bancor are governed by the Bancor DAO.

Simply Powerful Trading — Powered by Bancor

Crypto’s Turning Point — RWAs and the Rise in Regulation was originally published in Bancor on Medium, where people are continuing the conversation by highlighting and responding to this story.

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The digital asset market is entering a new era in 2025, driven by regulatory adaptation, bold innovation, and the growing presence of institutional and retail participants. Tokenomics — the economic architecture of blockchain tokens — has evolved dramatically. As the world transitions toward wider blockchain adoption, understanding the rules shaping tokens and how technology is being applied has become essential for entrepreneurs, investors, and enterprises alike.

In this rapidly changing market, choosing the right Token development Company is a critical first step for anyone seeking to launch a digital asset, whether for a decentralized app, an NFT marketplace, a DeFi protocol, or a tokenization of real-world assets. As regulatory frameworks mature globally, these companies are responsible for balancing compliance, security, innovation, and practical business needs in every token project.

Defining Modern Tokenomics

Tokenomics describes how digital tokens function within a blockchain project — covering everything from issuance and supply to incentives, utility, and governance. In 2025, the emphasis is not only on how a token functions in isolation, but also how it interacts with governance, compliance, utility structures, and cross-chain capabilities.

Key Aspects of Tokenomics in 2025:

• Supply and Distribution Mechanisms
• Utility and Use Cases for holders
• Incentive Structures for users/validators
• On-chain and off-chain Governance
• Regulatory compliance
• Cross-chain interoperability

Tokenomics in 2025 benefits from a much clearer regulatory environment. Governments worldwide, particularly in the United States, Europe, and Asia-Pacific, have clarified rules around digital asset classification, stablecoins, and the responsibilities of service providers

• United States: Moving towards a friendlier stance, replacing enforcement-driven approaches with more defined rules. Approval of digital asset ETFs and establishment of strong standards for stablecoins are reshaping the field.
• Europe: MiCAR (Markets in Crypto-Assets Regulation) is now in full effect, providing guidance on the treatment, issuance, and management of digital tokens — especially stablecoins.
• Asia: Regions like Hong Kong and Singapore have implemented licensing, strict operational standards, and frameworks focused on balancing growth with risk management.

These developments have provided much-needed predictability for token operations, allowing projects to plan long term and attract more stable investment.

As compliance takes center stage, companies building and issuing tokens must adopt robust standards:

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AI-Driven Token Design

Artificial intelligence tools are widely adopted in tokenomic modeling. AI enables advanced forecasting of market behavior, simulates incentive mechanisms, and helps shape sustainable supply schedules — all geared toward creating tokens that are more resilient and functional.

Layer 2 and Scalability

The cost and speed advantages of Layer 2 networks (such as Arbitrum and Optimism) have proven vital, especially for high-volume dApps and NFT projects. Most reputable token development companies now design assets that operate across these high-speed chains to improve accessibility and reduce costs.

Cross-Chain Interoperability

Tokens are increasingly being built to work across multiple chains — Ethereum, Solana, Polkadot — to address user demand and business requirements surrounding liquidity and network reach.

Decentralized Identity (DID) Integration

Privacy and compliance go hand in hand. Tokens developed with decentralized identity protocols facilitate robust KYC and AML procedures while respecting user privacy, a result of evolving global data standards.

Tokenizing Real-World Assets

2025 has seen significant progress in asset tokenization — real estate, artwork, commodities, equities, and even supply chain items can be digitized into tradable, programmable tokens backed by physical value

The Global Shift

Regulatory bodies around the world have moved from cautious monitoring to active policy setting, focusing on providing stability to the crypto sector. For token issuers, this means more rules to follow, but also greater confidence for users and investors.

Highlights by Region

• USA: Clear legal paths for stablecoins, digital asset ETFs, and DeFi operations, with agencies like the SEC providing updated guidelines and licensing regimes for service providers.
• Europe: MiCAR framework is operational, specifying transparency requirements, liability clauses, and audit trails for token issuers and trading venues.
• Asia-Pacific: Hong Kong and Singapore have set licensing and prudential requirements for exchanges, OTC platforms, and custodial services, further raising the standards for token projects.

Rather than slowing growth, regulation is now seen as an enabler for responsible innovation. Projects that can meet compliance criteria tend to attract more reputable investors and broader adoption.

Selecting a Token Development Partner

Given the intricacies of compliance, utility, scalability, and security, the right token development company will have these capabilities:

• Fluency with global blockchain platforms (Ethereum, BSC, Solana, Polkadot)
• Expertise in multiple token standards: ERC20, ERC721, ERC1155, and emerging protocols
• Strong auditing, security, and formal verification processes
• Experience integrating advanced features (like AI, cross-chain bridges, and decentralized IDs)
• Ability to support varied token types: utility, governance, security, asset-backed, NFT
• Transparent, step-by-step guidance through regulatory due diligence and documentation

Steps in Modern Token Development

1. Research & Due Diligence: Evaluating the business model, asset class, and regulatory requirements for the intended token.
2. Tokenomics Design: Planning supply schedules, incentives, governance, and compliance integrations.
3. Smart Contract Engineering: Using programming languages like Solidity or Rust, based on platform needs.
4. Comprehensive Testing: Unit, integration, and stress tests to minimize risk.
5. Regulatory Review: KYC/AML modules and global compliance checks, often partnering with legal experts.
6. Token Launch & Marketing: Running the token sale (ICO, STO, IDO) and promoting it to qualified investors.
7. Ongoing Management: Post-launch support, updates, and audits to keep tokens safe and functional.

1. Token Utility

A credible token has well-defined utility that aligns with the goals of the blockchain project. In 2025, utility can mean using a token for:

• Governance (voting on proposals)
• Payment within the platform
• Access to exclusive content/features
• Staking for rewards or access
• Backing/representing a real-world asset

2. Supply Mechanics

Supply involves both initial issuance and ongoing management (burning, minting, halving, inflation, etc.) — decisions here affect scarcity, price stability, and community engagement.

3. Governance Models

The shift toward on-chain governance has brought more transparency and fairness. Token-based voting is used for decisions about upgrades, fund allocation, and policy changes.

4. Incentive Structures

Carefully designed rewards for validators, liquidity providers, and users drive continuous participation and honest behavior.

5. Interoperability

Having a token that functions across multiple blockchains is now a norm, not a luxury, especially for projects aiming for broad reach and resilience

MiCAR (EU)

• Requires strict transparency and reporting standards for issuers.
• Mandates regular audits for stablecoins.
• Demands clear documentation on supply, custody, and investor rights.

U.S. Approach

• SEC and CFTC are clarifying distinctions between security tokens, utility tokens, and commodities.
• Licensing for exchanges and asset managers.
• Emphasis on KYC, AML, and clear record-keeping.

Asia-Pacific Responses

• Singapore: Finalized a stablecoin framework, advanced licensing measures.
• Hong Kong: Becoming a digital asset hub with robust requirements for exchanges and payment providers.

Sustainable and Green Tokenomics

Growing attention to the environmental footprint of blockchains has led to the development of tokens on platforms with lower energy consumption, such as Solana and Algorand.

Decentralized Finance (DeFi) Integration

DeFi tokens play roles well beyond simple trading — they can unlock access to loans, insurance, and automated market makers. Their design is influenced heavily by evolving regulatory guidelines and governance demands.

Non-Fungible Tokens (NFTs)

NFTs continue to expand into gaming, collectibles, supply chain, and intellectual property. Modern NFT standards focus on usability, flexibility, and rights management.

Tokenization of real-world assets (RWA) is becoming a pillar of next-gen tokenomics. These projects digitize physical goods — property, commodities, stocks — enabling:

• Fractional ownership
• 24/7 trading access
• Improved liquidity and transparency
• Programmatic control over asset management

Projects are expected to adhere to all regional regulations for asset-backed tokens, making compliance knowledge vital for token issuers in this space

Selecting a partner is as much about trust as technical skill. Here’s what matters most:

• Experience with the latest platforms and standards
• Transparent and documented development process
• Integrated compliance modules from day one
• Comprehensive audits and ongoing support
• Customization ability without unnecessary jargon or complexity
• A strong portfolio of successful, compliant projects

Codezeros stands out in 2025 as a globally recognized player offering:

• Multiple token standards (ERC20, ERC721, ERC1155)
• Cutting-edge asset-backed, NFT, and DeFi token creation
• Robust security protocols and smart contract engineering
• Step-by-step guidance through due diligence and regulatory requirements
• Post-launch support, monitoring, and audit services for clients worldwide

• Stay current with regional and international regulation updates.
• Prioritize transparency, both internally and externally, in token design and management.
• Build with flexibility, favoring tokens that can adapt to future technological and compliance shifts.
• Source development partners with established track records in compliance, development, and support.

Tokenomics in 2025 is about navigating clear regulation, prioritizing practical use, and balancing risk with opportunity. Whether creating governance tokens for a DAO, launching an NFT collection, or developing tokens to represent real-world assets, choosing the right path — and the right partner — defines success.

If you’re seeking to launch a scalable, secure, and future-ready token project, Codezeros offers expert token development solutions. Their blend of technical experience and regulatory know-how positions them as a go-to resource for organizations worldwide looking to build in this exciting era.

Ready to take your digital asset vision to the next level? Explore Token Development with Codezeros and connect with experts who guide your project from strategy to deployment

Before you go:

Today, the US Senate Bank’s Subcommittee on Digital Assets held a hearing titled “Exploring a Bipartisan Legislative Framework for the Digital Asset Market Structure.”

(Spoiler alert: The word “Bitcoin” never appeared at the hearing. That said, Bitcoin is subject to some of the cryptographic regulations discussed at the hearing. Therefore, as a Bitcoin enthusiast, it is important to understand what has been said. )

The hearing came after Senators Cynthia Ramis (R-WY), Tom Tillis (R-NC), Bill Hagerty (R-TN) and Senate Bank Speaker Tim Scott (R-SC) issued the principles of digital asset market structure this morning. (See the complete list of principles here.)

Senator Ramis began it by moderating the event and touching on some of the aforementioned principles, adding that the United States is taking part in the 21st century now that the Senate has voted for a genius act.

Senators were joined by a panel of witnesses including Senators Bill Hagerty (R-TN), Bernie Moreno (R-OH), Angela of Brooks (D-MD), Dave McCormack (R-PA), and a panel of witnesses:

• Sarah Hammer, Executive Director, Wharton School, University of Pennsylvania
• Greg Zesalis, advisor to Multicoin Capital and member of the Board of Directors of the Blockchain Association and the Debt Education Fund.
• Ryan Vanglak, Coinbase vice president of legal affairs
• The prestigious Rostin Boehnham is a well-known fellow at Georgetown University’s Psoros Financial Market Policy Center and former chairman of the US Commodity Futures Trading Commission (CFTC).

Fighting illegal activities in the crypto space

In the first round from Senator Ramis, both Behnam and Hammer highlighted the importance of fighting illegal activities involving digital assets through clear money laundering and counter-terrorism funding rules, but neither of them detailed what this would look like.

When Senator Ramis asked Hammer which countries should the US be aware of when it comes to regulating Crypto’s anti-terrorist funding, Hammer cited Singapore.

Before stepping down from the topic of fighting illegal cryptographic activity, Behnam argued that it would give more space to offensive stakeholders for operations to wait for Congress to pass laws of comprehensive market structure.

“Bad actors are drawn to unregulated areas,” says Behnam.

Consumer protection for crypto investors

Senator Hagerty, a leading sponsor of the Senate recently passed Genius Act, praised the bipartisan efforts in the legislative process on digital assets, hinting at the notion that colleagues want to maintain momentum.

And on the bipartisan topic, the Senator, a Democrat senator present at the hearing, seemed optimistic about the possibility of code, but was also concerned about setting up a proper guardrail for investors.

She asked Behnam which consumer protection factors are essential to Crypto investors.

Behnam cited “bankruptcy protection” as the most important component of consumer protection.

“Customer assets must be completely separated, so there is no doubt that the assets will be returned to the customer in the event of bankruptcy,” Behnam said.

Prices that failed to legislate US cryptography

Heading into the second half of the hearing, Senator Moreno asked panelists how long the US must pass crypto regulations and what the price is for not doing so.

Xethalis responded by saying, “We must act now.”

He argued that initial costs could potentially allow other jurisdictions to establish more troubling rules for crypto. He cited the European enactment rules for internet commerce decades ago as a precedent for this.

Xethalis argued that the second cost is economical. He said the US is behind in both 5G development and silicon chip manufacturing, stressing that he doesn’t want the same to happen with cryptography.

Bipartisan appeal

Senator Ramis closed the hearing by pleading with the senators and panelists to engage in discussions between the parties and work across the aisles, as he did with Senator Gillibrand.

She noted that because President Trump’s family is involved in the industry, some Democrats are reluctant to engage in the legislative process around the code, adding that code is greater than the president’s family involvement and Democrats should acknowledge this.

One of the world’s leading financial services firms has met with the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force to discuss the regulations of digital assets.

According to a recent memo, three members of JPMorgan Chase met with the regulator to talk about moving existing traditional capital markets on-chain and the banking giant’s business footprint in the crypto industry.

Says the memo.

“On June 17, Crypto Task Force Staff met with representatives from JPMorgan Chase. The topic discussed was approaches to addressing issues related to regulation of crypto assets…

Agenda:

• Overview of existing business footprint, including Repo on existing JPMC platforms of Digital Financing and Digital Debt Services. Additional discussion on the potential competitive angle as markets evolve.
• Area of analysis reviewing the potential impact of existing capital markets activity migrating to public blockchain. Specifically what areas of the existing model might change, and how firms could assess the risk and benefits of those changes.
• Future engagement with the Task Force.”

Earlier this week, JPMorgan Chase filed for a trademark to launch JMPD, its very own crypto service provider and deposit token. In the filing, the bank said it would provide trading, exchange, transfer, and payment processing services for digital assets as well as issue them.

Walmart, Amazon, and other corporate giants are also reportedly contemplating starting their own stablecoins as a means of streamlining payments and avoiding credit fees.

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Outgoing Commodity Futures Trading Commissioner Christy Romero warned the American public about potentially growing market uncertainty on May 27, following regulatory changes at the CFTC under the new Trump administration.

Romero Pushes for Clear, Consistent Regulation

While giving her farewell remarks at The Brookings Institution in Washington, D.C., on Thursday, Romero expressed concerns that the current trend of “big swings” between “regulation and deregulation” could ultimately hinder the success of the nation’s financial markets.

“As the current administration pursues a deregulatory agenda in the name of growth, care should be taken not to remove the load-bearing resilience built into markets—resilience that has resulted in financial stability and protected our economy,” said Romero.

“Growth requires a regulatory environment where markets are financially stable and resilient during times of volatility, uncertainty, and stress,” she added.

Romero further urged regulators to “follow a steady, consistent path” in hopes of creating “a resilient, stable, and robust financial system and economy.”

“It’s a really tough challenge—one that requires independent regulators engaging with each other on a bipartisan basis and engaging with many stakeholders who use and need U.S. markets,” she said. “I plan to continue to share my voice, and I will always be rooting for the CFTC.”

Trump’s Crypto-Friendly Pick to Lead CFTC Unveiled

Romero’s final CFTC speech comes after she announced that she would step down in February following news that U.S. President Donald Trump would tap former commissioner Bryan Quintenz to lead the agency.

Romero is the fourth CFTC official set to step down in recent months, with fellow commissioners Christy Goldsmith, Caroline Pham, and Summer Mersinger slated to depart the agency as the Trump administration continues its deregulatory efforts across the crypto sector.

With over $3 million held in digital assets, Quintenz is largely viewed as a crypto-friendly pick to lead the CFTC and is expected to begin his new role sometime this summer. Romero’s final day at her current position is scheduled for May 31.