U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge

A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws.Source

U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians

The IRS has now set up its reporting system for crypto brokers, but it set aside related rules for DeFi and unhosted wallets as it continues to study 44,000 comments to the agency.Source

Ripple’s Big Court Win Nonetheless Muddied Waters on Whether XRP Is a Security Deserving Tougher Regulation

In a near-vacuum of legal and regulatory clarity for crypto, district judges’ opinions on whether a given token is a security or not – which determines the level of regulation – can vary from court to court.Source

SEC Sues Consensys Over MetaMask Staking, Broker Allegations

The U.S. Securities and Exchange Commission sued Ethereum software provider Consensys over its MetaMask service Friday, alleging the wallet tool was an unregistered broker that “engaged in the offer and sale of securities” and that its staking service violated federal securities laws.Source

Solana ETF Applications Look Like Bets on Trump Retaking White House, Making U.S. Friendlier to Crypto

VanEck and 21Shares’ applications seem doomed under the Biden administration. But they include a deadline that lapses when Trump would be in office, if he wins the presidency in November.Source

Supreme Court Rules to Overturn the Chevron Doctrine, Curbing Federal Agencies’ Power

The U.S. Supreme Court ruled 6-3 on Friday to drastically curb the authority of federal regulators, overturning a 40-year-old legal precedent that gave regulatory agencies leeway to interpret the laws they are tasked with enforcing.Source

Bitcoin and Crypto Closing Out Lame Quarter and One Analyst Believes More Pain Could Be in Store

The price of bitcoin has dipped about 15% during the second quarter.Source

Elections Across Europe Won’t Hinder Bloc’s Crypto Ambitions

France, Austria, Germany and other countries are expected to have elections soon, following this month’s European Parliament contest.Source

DePIN Can Rebuild the Grid From the Bottom Up

As the U.S. electricity grid struggles with wide scale outages, crypto-powered demand response programs can save customers billions. These decentralized generative energy networks (or DeGEN) offer services valuable to customers and governments alike.Source

Europe’s MiCA Is Finally Here. How Will the U.S. Respond?

It’s time for the U.S. to reassert its place as the global leader in financial services regulation and innovation, writes Circle’s Dante Disparte.Source