Law & Policy

Last week in crypto regulation (May 19 – 25):

1/ Peirce: Most Tokens Not Securities
Memes, stables & NFTs don’t convey equity, so securities rules shouldn’t apply.

Last week in crypto regulation (May 19 – 25):

1/ Peirce: Most Tokens Not Securities
Memes, stables & NFTs don’t convey equity, so securities rules shouldn’t apply.
https://www.sec.gov/newsroom/speeches-statements/peirce-remarks-sec-speaks-051925

2/ Perpetual Futures Near U.S. Approval
CFTC’s Mersinger says compliant venues could list crypto perps “very soon.”

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Head of web3&crypto practice at Buzko Krasnov law firm

2/ Perpetual Futures Near U.S. Approval
CFTC’s Mersinger says compliant venues could list crypto perps “very soon.”
https://news.bloomberglaw.com/securities-law/perpetual-crypto-futures-could-trade-soon-in-us-mersinger-says

3/ Robinhood Pushes RWA Token Plan
42-page proposal outlines national regime + new trading venue.

3/ Robinhood Pushes RWA Token Plan
42-page proposal outlines national regime + new trading venue.
https://cointelegraph.com/news/robinhood-sec-tokenized-rwa-framework-proposal

4/ SEC Sues Unicoin for $100 M Fraud
Alleges unregistered sales & false ROI promises.

5/ Genesis v. DCG – $3.3 B
Bankrupt lender files dual complaints against parent & Barry Silbert.

5/ Genesis v. DCG – $3.3 B
Bankrupt lender files dual complaints against parent & Barry Silbert.
https://www.businesswire.com/news/home/20250519165640/en/

6/ Argentina Freezes LIBRA Assets
Judge also lifts bank secrecy on President Milei amid memecoin probe.

6/ Argentina Freezes LIBRA Assets
Judge also lifts bank secrecy on President Milei amid memecoin probe.
https://cryptoslate.com/judge-targets-central-figures-in-libra-scandal-with-asset-freeze-mileis-financial-ties-under-review/

7/ SEC Drops PayPal PYUSD Probe
Stablecoin moves forward with no enforcement worries.

7/ SEC Drops PayPal PYUSD Probe
Stablecoin moves forward with no enforcement worries.
https://cointelegraph.com/news/sec-drops-investigation-into-paypal-s-stablecoin

8/ DOJ Charges $263 M Crypto Ring
Twelve defendants face RICO counts for multi-chain theft scheme.

8/ DOJ Charges $263 M Crypto Ring
Twelve defendants face RICO counts for multi-chain theft scheme.
https://www.justice.gov/usao-dc/pr/additional-12-defendants-charged-rico-conspiracy-over-263-million-cryptocurrency-thefts

9/ Tron ETF Filing Moves Ahead
SEC formally acknowledges Canary Capital’s spot TRX ETF.

9/ Tron ETF Filing Moves Ahead
SEC formally acknowledges Canary Capital’s spot TRX ETF.
https://www.sec.gov/files/rules/sro/cboebzx/2025/34-103108.pdf

10/ Texas House OKs BTC Reserve
Bill to store state funds in Bitcoin clears second reading.

10/ Texas House OKs BTC Reserve
Bill to store state funds in Bitcoin clears second reading.
https://x.com/Bitcoin_Laws/status/1925237428237083049

4/ SEC Sues Unicoin for $100 M Fraud
Alleges unregistered sales & false ROI promises.
https://www.sec.gov/newsroom/press-releases/2025-75