Evening Wrap: White House Issues Crypto Roadmap, SEC Charges Hex Founder

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White House Task Force Releases Crypto Policy Roadmap

A presidential working group urged Congress to grant the CFTC spot market oversight for non-security digital assets . The task force also recommended banning central bank digital currencies and applying wash-sale tax…

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SEC Charges Hex Founder Richard Heart With Fraud

The SEC filed charges alleging Richard Schueler conducted over $1 billion in unregistered offerings of $HEX, $PLS, and $PLSX .

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Visa Launches Institutional Stablecoin Platform in Beta

Visa initiated private beta testing for a new institutional Wallet-as-a-Service platform . The service initially supports minting, burning, and custody for Open Standard's Open USD .

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Securitize Deploys Tokenized US Equities on Solana

Securitize launched fully backed security entitlements for 12 major US stocks on the Solana network, settling in $USDC . The underlying shares cannot be lent out and maintain full economic and voting rights .

The numbers

Bitcoin trades at $81,901, while total market capitalization stands at $2.74 trillion alongside a neutral Fear & Greed index reading of 53.

What to watch

• Congressional movement on spot market legislation based on the CLARITY framework.
• Proceedings in the US District Court for the Eastern District of New York regarding the SEC complaint against Richard Heart.

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