Representatives Tom Emmer and Ritchie Torres are championing the Blockchain Regulatory Certainty Act, aiming to clarify regulations for digital asset developers. This bipartisan effort faces challenges amidst concerns over Donald Trump’s crypto ties and the rise of memecoins.
VanEck Launches Avalanche Ecosystem Fund: Investing in Web3’s Future
VanEck is launching a new fund, the VanEck PurposeBuilt Fund, focused on investing in Web3 projects built on the Avalanche blockchain. This fund targets accredited investors and aims to capitalize on the growing real-world asset (RWA) tokenization trend within the Avalanche ecosystem.
ASIC Appeals Block Earner Case to High Court: Defining Crypto Financial Products
Australia’s financial regulator, ASIC, seeks High Court appeal in the Block Earner case to clarify the definition of a ‘financial product’ in the context of crypto-linked services.
Synthetix Abandons $27M Derive Acquisition Amid Community Objections
Synthetix terminated its proposed $27 million acquisition of crypto options platform Derive due to concerns raised by both the Synthetix and Derive communities regarding the deal’s terms and perceived value.
Pakistan Establishes Digital Asset Authority to Regulate Cryptocurrency Market
Pakistan’s Ministry of Finance has approved the establishment of the Pakistan Digital Assets Authority (PDAA) to regulate the burgeoning cryptocurrency market, aiming to protect consumers, attract investment, and foster innovation.