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The SEC’s new tokenized stock framework helped trigger a broad crypto rally this week. But that tokenization boom rests on exemptive relief, not law, and a future chair could erase it with a single order. The SEC issued the exemption two days after...

The US sanctioned four crypto wallets tied to Iran’s Central Bank this week. Within hours, Tether froze $131 million in USDT sitting inside them. It took one Treasury update and one flip of the Tether kill switch. USDT now doubles as a US sanctions...

Wisconsin prosecutors have filed a criminal complaint against Circle, alleging the USDC issuer intentionally disobeyed a court warrant to recover roughly 381,000 stolen tokens for a local scam victim. The misdemeanor charge sharpens a dispute over...