🏛️ Regulatory & Legal Developments
SEC Drops Binance Lawsuit: The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Binance, marking a significant shift in regulatory stance under the $TRUMP administration.
Staking Guidance Update: The SEC clarified that protocol staking does not constitute a securities transaction, a move hailed as a "major step forward" for U.S. crypto regulation.
New Crypto Legislation: Congress introduced the Digital Asset Market Clarity (CLARITY) Act, aiming to transfer crypto oversight from the SEC to the Commodity Futures Trading Commission (CFTC), designating most digital assets as "digital commodities."
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🇵🇰 Developments in Pakistan
Strategic Bitcoin Reserve: Pakistan announced the establishment of its first government-led Strategic Bitcoin Reserve, signaling a significant move into the crypto space.
Pakistan Crypto Council (PCC): Launched in March 2025, the PCC aims to regulate and promote blockchain technology and digital assets within the country. Bilal Bin Saqib serves as CEO, with Binance co-founder Changpeng Zhao as an adviser.
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🌐 Global Crypto Trends
$TRUMP Administration's Crypto Stance: The administration is actively supporting the crypto industry, with significant political donations from crypto firms and policy shifts favoring digital assets.
Crypto Scandal in Argentina: The $LIBRA cryptocurrency scandal has led to substantial investor losses and political turmoil, with allegations of a rug pull scheme involving President Javier Milei.
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🧠 Tech & Innovation
Donut Labs' Crypto Browser: Donut Labs raised $7 million to develop an AI-powered "agentic" crypto browser, aiming to simplify blockchain interactions for users.
Ethereum $ETH Foundation's DeFi Strategy: To avoid selling ETH holdings, the Ethereum Foundation is now utilizing DeFi platforms like Aave for liquidity needs.
