Acting SEC chair rejects enforcement, first US bank-issued stablecoin, Bitcoin’s four-year cycle at crossroads, and more in this Week in Review.

Acting SEC Chair Rejects Enforcement, First US Bank-Issued Stablecoin, and More — Week in Review

Week in Review

Acting SEC Chair Uyeda called for clear rulemaking over enforcement to provide much-needed guidance to the industry. The first U.S. bank-issued stablecoin on a permissionless blockchain—Ethereum—has launched. Bitcoin’s price remains relatively flat, igniting debate about whether the traditional four-year halving cycle still holds predictive power. A new survey shows 76% of U.S. investors plan to increase their crypto ETF holdings. Finally, the Senate voted overwhelmingly to repeal an IRS rule targeting DeFi developers, with the bill now awaiting Trump’s signature

Acting SEC Chair Rejects Enforcement—Demands Real Crypto Rules

Acting SEC Chair Rejects Enforcement, First US Bank-Issued Stablecoin, and More — Week in Review

The acting SEC chair urged rulemaking over enforcement to clarify crypto regulations and avoid courtroom confusion… read more.

Editor’s comment: Businesses and potential businesses will love Uyeda’s message to embrace formal rulemaking and clear guidance.

First US Bank-Issued Stablecoin on Permissionless Blockchain Goes Live

Acting SEC Chair Rejects Enforcement, First US Bank-Issued Stablecoin, and More — Week in Review

First-ever tokenization of U.S. dollar bank deposits on Ethereum signals a seismic shift in traditional finance, with… read more.

Editor’s comment: Imagine a future where fully reserved stablecoins (backed by 1:1 U.S. dollar demand deposits) are issued, transferred, and redeemed for bank customers in a completely regulatory compliant way. This is the start of that.

Bitcoin’s Four-Year Cycle at Crossroads: Is the Halving Rally Dead?

Acting SEC Chair Rejects Enforcement, First US Bank-Issued Stablecoin, and More — Week in Review

Bitcoin’s price held steady on Thursday, fueling a spirited debate among analysts about the fate of its once-reliable four-year… read more.

Editor’s comment: The graph “Bitcoin Price After Halvings” in the above article seems to paint a make-or-break moment for the current cycle.

Survey Says 76% of US Investors Plan to Boost Crypto ETF Holdings in Coming Year

Acting SEC Chair Rejects Enforcement, First US Bank-Issued Stablecoin, and More — Week in Review

Financial services firm Brown Brothers Harriman (BBH) published the results of its 2025 Global ETF Investor Survey on… read more.

Editor’s comment: This brief article is a good reminder that spot bitcoin ETFs are still a very new product, and it’s likely they will become more popular, not less.

Crypto Rule Repeal Hits Trump’s Desk—Massive Regulatory Rollback Imminent

Acting SEC Chair Rejects Enforcement, First US Bank-Issued Stablecoin, and More — Week in Review

The Senate voted 70-28 to crush an IRS rule targeting DeFi developers, delivering a sweeping crypto victory… read more.

Editor’s comment: Once Trump signs this, let’s hope Congress and Trump get the stablecoin legislation passed.