Taylor Lindman, formerly deputy general counsel at Chainlink Labs, has been appointed chief counsel to the SEC's crypto task force. He takes over from Michael Selig, who later became CFTC chair, while the task force led by Commissioner Hester Peirce continues roundtables on tokenization and decentralized finance.

The SEC's Division of Trading and Markets issued guidance on Thursday allowing broker-dealers to apply a 2% haircut to proprietary positions in certain payment stablecoins. Commissioner Hester Peirce said the change could enable brokers to expand activities involving tokenized securities and other crypto assets. Industry voices added it may reduce friction by aligning treatment with money-market funds.

According to Canary Capital and Grayscale, two spot SUI ETFs launched on Wednesday, with SUIS listing on Nasdaq and GSUI on NYSE Arca. Both provide direct price exposure to SUI, and Canary's product adds net staking rewards via the network's proof-of-stake design. Sui is a Layer 1 developed by Mysten Labs.

On Tuesday evening, the U.S. Commodity Futures Trading Commission told the Ninth Circuit that Congress granted it exclusive jurisdiction over futures and event contracts, in a case involving Crypto.com and the state of Nevada. The filing underpins the agency's stance that fast-growing prediction markets, such as Kalshi and Polymarket, fall squarely under its federal authority, even as multiple states and lawmakers challenge that view and raise concerns about gambling, consumer protection and public interest.

Bitwise submitted a registration statement to the SEC for a Uniswap-focused ETF on Thursday, according to the filing. The proposed fund would track UNI and launch without staking, with the option to add it later if approved, and lists Coinbase Custody Trust Company, LLC as custodian. Around the same time, UNI fell about 15% over 24 hours, while bitcoin dropped nearly 15% on Thursday.

On Thursday, Sen. Mark Warner described feeling trapped in "crypto hell" during a Senate Banking Committee hearing on stalled digital asset market structure talks. Senators are working on legislation to split oversight between the SEC and CFTC, define disclosure and anti-money laundering rules, and address contentious issues such as stablecoin yield before a combined bill faces a 60-vote threshold in the full Senate.

The Avalanche Policy Coalition has introduced an advisory council led by Ava Labs General Counsel Lee Schneider, with UK legislator Chris Holmes and leaders from the Avalanche ecosystem joining. The council will address 2026 priorities: token classification, defining intermediaries, and protecting internet access, as regulators in the U.S., EU, UK and Japan move forward with crypto frameworks.

In the lead-up to a Senate Agriculture Committee hearing next week on a broad crypto market structure bill, lawmakers have submitted multiple amendments targeting ethics and regulatory timing. One proposal from Sen. Michael Bennet would bar top federal officials and members of Congress from certain digital asset transactions, while another from Sen. Amy Klobuchar would postpone the bill's effective date until at least four CFTC commissioners are in place. The amendments also touch on digital asset kiosks and potential conflicts tied to Donald Trump's crypto-related ventures.

A wide-ranging U.S. bill to regulate the cryptocurrency sector could be finalized within weeks, according to Galaxy CEO Michael Novogratz, who argues it does not need to be flawless to proceed. Coinbase CEO Brian Armstrong has withdrawn support from the current draft, warning it would hurt several of the exchange's product lines and stablecoin rewards. Senate Banking Committee efforts to mark up the more than 270-page market structure bill were postponed after dozens of amendments and pushback from industry stakeholders.