The BSCN Debrief House Democrats are working on cryptocurrency legislation for the incoming Congress that would give the Securities and Exchange Commission expanded authority while limiting the Commodity Futures Trading Commission's jurisdiction. The proposal reportedly incorporates elements from Representative Maxine Waters' previous Consumer Bill of Rights and Democratic amendments not included in earlier bills.
Trump Media & Technology Group sent 4,259 bitcoin to Crypto.com in two transactions, blockchain data from Arkham Intelligence shows. The coins came from wallets labeled as collateral for convertible notes and represent roughly 30 percent of the company's reported holdings as of July 31.
Democrats won both chambers in yesterday's midterm elections as the official Trump memecoin fell hard, Polygon proposed a hard fork to recover 70 million POL, and Nasdaq approved the Canary Staked Injective ETF. Here's what mattered.
Ondo Finance submitted a comment letter to the Securities and Exchange Commission requesting that people who hold tokenized stocks and ETFs get direct access to transfer agents, matching what traditional brokers receive through the Depository Trust Company system. The firm also asked regulators to avoid requiring repeated collection of verified personal data and to allow transfer agents to work with public blockchains without needing to control entire networks.
Apex Group has joined with Chainlink, T-REX Network and the ERC-3643 Association to create a compliance framework for tokenized bonds that works across multiple blockchains. The system uses ERC-3643 for programmable compliance rules, while Swift standards ensure compatibility with traditional capital markets. Apex Group, which handles over $3.5 trillion in assets, provides regulated servicing. Chainlink contributes cross-chain infrastructure through CCIP, compliance enforcement via its ACE tool,
RealFi's sUSDrf token has reached the sixth position for annual yields on Token Terminal's data platform, delivering 12.17% returns about a month after launching on Cardano's mainnet. The staked asset has attracted approximately $3 million in market capitalization, outperforming the platform's 4.24% median yield across 319 tracked products.
Injective's INJ token rose 8.66 percent in 24 hours to reach $7.93 on Wednesday, making it the strongest performer among CoinGecko's top 100 cryptocurrencies. Trading volume hit around $90 million as the token's market value climbed to approximately $792 million. Stacks and Pearl also posted gains above 8 percent.
London asset manager Schroders, which manages $1.1 trillion, has launched its Emerging Market Bonds strategy as a tokenized product on Solana. The firm partnered with Centrifuge to create the offering, which operates as a feeder fund with an onchain share class that tracks the underlying fund's net asset value. This marks Schroders' first use of the Solana blockchain.
Stellar activated Protocol 30, called Bell, on its testnet on November 4. The upgrade includes three technical changes: support for ML-DSA post-quantum signatures in smart contracts, muxed contract addresses that let businesses route multiple customer deposits to a single contract, and millisecond precision for ledger timestamps. The quantum-safe signatures apply only to smart contract authorization, not to network transaction signatures.
Russia's Moscow Exchange will begin offering Bitcoin, Ether and USDT trading on December 1, marking the country's first regulated digital currency market. The platform will operate on the exchange's stock market infrastructure with clearing through the National Clearing Center. Trading will run from early morning to late evening Moscow time, with same-day and next-day settlement options available.
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Strategy, BlackRock, and Fidelity pledge $15M to secure Bitcoin's codebase, the EU targets 14 crypto exchanges in its 21st Russia sanctions package, and Circle floods Solana with fresh stablecoin liquidity. Here's the week.
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