☕️ White House Issues Crypto Roadmap, SEC Charges Hex Founder A presidential task force proposed a new crypto policy framework, while federal regulators brought fraud charges against the creator of Hex.
1. White House Task Force Releases Crypto Policy Roadmap — A presidential working group urged Congress to grant the CFTC spot market oversight for non-security digital assets [5]. The task force also recommended banning central bank digital currencies and applying wash-sale tax rules to crypto transactions [5]. 2. SEC Charges Hex Founder Richard Heart With Fraud — The SEC filed charges alleging Richard Schueler conducted over $1 billion in unregistered offerings of $HEX, $PLS, and $PLSX [4]. Regulators alleged he misappropriated at least $12 million of investor funds for luxury purchases [4]. 3. Visa Launches Institutional Stablecoin Platform in Beta — Visa initiated private beta testing for a new institutional Wallet-as-a-Service platform [6]. The service initially supports minting, burning, and custody for Open Standard's Open USD [6]. 4. Securitize Deploys Tokenized US Equities on Solana — Securitize launched fully backed security entitlements for 12 major US stocks on the Solana network, settling in $USDC [7]. The underlying shares cannot be lent out and maintain full economic and voting rights [7].
📊 Bitcoin trades at $81,901, while total market capitalization stands at $2.74 trillion alongside a neutral Fear & Greed index reading of 53.
