The most important things this morning:

🤔 SEC is negotiating whether XRP is a commodity, just like ETH, reports Fox News.

❌ Vermont followed the SEC's example and dropped the lawsuit against Coinbase. It was one of 10 U.S. states that filed a lawsuit against the exchange in 2023.

🇺🇸 A Democratic congressman urged the U.S. Department of Justice to "cease all efforts" to create a strategic crypto reserve, stating that it would not be beneficial.

✔️ The U.S. Senate Banking Committee voted to advance the stablecoin bill, receiving support from both Democrats and Republicans.

💸 Ethereum is postponing the Pectra upgrade to conduct a third testnet 'Hoodi'.

💪 BUIDL from BlackRock was the first to surpass the $1 billion mark, becoming the largest tokenized on-chain fund tracking treasury bonds.