tZERO Newsletter 10.03.2025
SEC opens door to tokenized securities, Hester Peirce says regulator ready to talk. The Republican commissioner urges firms to engage with the regulator on blockchain-based assets. However, questions remain about how digital tokens interact with traditional security forms.
Straight from the Top: tZERO Executive Series
US Treasury opens consultation on stablecoin regulation
The US Treasury has issued an Advance Notice of Proposed Rulemaking (ANPRM) to gather public input on implementing the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The consultation marks an early step in shaping rules around digital assets.
SEC’s Project Crypto: Atkins Eyes Year-End ‘Innovation Exemption’ to Ease Digital Asset Rules
US Securities and Exchange Commission (SEC) Chair Paul Atkins has confirmed plans to implement an “innovation exemption” for digital assets by the end of the year, marking another step in his rapid drive to make US crypto regulation more flexible. Since becoming Chair in April, Atkins has introduced a series of pro-crypto measures, most notably Project Crypto, an initiative aimed at easing compliance costs while modernising rules for the digital economy.
The U.S. and U.K. are aligning on blockchain—and that’s good for the world economy
This latest U.S.-UK tie-up comes via the recent creation of the Transatlantic Taskforce for Markets of the Future, which calls for joint recommendations on digital assets and capital markets within six months. The new body signals that the countries recognize that alignment—not isolation—is critical at a time when the likes of Singapore, Dubai and others are already seeing the financial and economic benefits of an inclusive approach to crypto regulation.
Institutions Invest in Crypto Infrastructure Firm zerohash
The new $104 million raise brings zerohash’s total funding to $275 million. This capital will accelerate product expansion, support talent growth, and further solidify its role in powering on-chain innovation for the world’s leading financial institutions. zerohash provides the infrastructure that enables any business to seamlessly unlock crypto, stablecoin, and tokenization solutions for their customers.
FTX Bankruptcy Lawsuit Targets Genesis Digital Assets in $1 Billion Clawback
The long-running FTX bankruptcy case has entered a new chapter. The FTX Recovery Trust is now suing crypto mining company Genesis Digital Assets (GDA) in an effort to claw back more than $1 billion. The lawsuit highlights how deeply Sam Bankman-Fried’s financial decisions continue to impact creditors two years after FTX’s collapse.
SEC Reverses Course on Arbitration Clauses, Potentially Opening the Door to Their More Widespread Adoption
The SEC has reversed a longstanding position and said that the existence of a mandatory arbitration clause in an issuer’s governing documents covering federal securities law claims will not affect the agency’s decision whether to accelerate the effectiveness of a registration statement. Instead, its staff will focus on the adequacy of the registration statement’s disclosures, including those regarding the mandatory arbitration provision.
Chainlink has expanded its collaboration with SWIFT to streamline the management of tokenized funds through existing financial systems. The new solution enables institutions to utilize SWIFT messaging and the Chainlink Runtime Environment (CRE) directly to manage tokenized fund processes. This development aims to enhance accessibility for financial institutions without necessitating significant infrastructure modifications.
The bitcoin price topped $124,000 per bitcoin last month but has since dropped back with fears of a “death spiral” spooking bitcoin and crypto traders. Now, as a $9.5 trillion “wall of cash” is on a collision course with bitcoin and crypto, analysts with Wall Street giant Deutsche Bank have predicted bitcoin could soon be on equal footing with gold on the Federal Reserve’s balance sheet.