CLEVE IN PHOENIX, AZ THIS WEEK |
butterscotch is the only media outlet exclusively covering news about inclusion in Web3, DeFi, crypto. CHEWS is our inaugural, weekly newsfeed, providing timely policy updates, industry trends, market research.
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2026 NCSL Crypto Legislative Tracker |
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New Staff Statement Regarding Broker-Dealer Registration of Certain User Interfaces Utilized to Prepare Transactions in Crypto Asset Securities |
"It is the Staff’s understanding that Covered User Interfaces prepare code enabling users to interact with blockchain protocols (or blockchain-based smart contracts) by converting user-identified crypto asset securities transaction parameters (e.g., buy/sell, volume, crypto asset security, and price or price range) into blockchain-legible commands for signature and transmission via the user’s self-custodial wallet. Covered User Interfaces may also provide users with market data, such as potential execution routes, asset prices, and estimated transaction costs (e.g., “gas” fees) for crypto asset securities transactions." [READ]
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What We're Reading & Streaming |
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At last week’s House Agriculture Committee hearing, lawmakers pressed CFTC Chair Selig on prediction markets, which have recently been scrutinized after contracts were created that allow people to bet on events such as predicting the death of Iran's Supreme Leader Ayatollah Ali Khamenei, where one trade reportedly made about half a million dollars. “This is nuts," said Rep. Jim Costa, D-Calif., during the hearing. "Do you think this is what was intended?" - The Block
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- Iran’s $7.8 Billion Crypto Economy Finds New Way to Grow After Cease-Fire. Iran wants to receive tolls on oil tankers in crypto to ensure that they can’t be traced or confiscated because of sanctions. - WSJ
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- Stripe doubles down on blockchain and stablecoins, aiming to become 'AWS for money' – CoinDesk
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| - Maxine Waters Challenger Got Two-Thirds of Donations from Crypto. - The Intersect
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Congresswoman Stacey Plaskett formally launched her campaign for Virgin Island’s governor. - VI Consortium
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Cantor Fitzgerald Gives $10 Million to Tether-Led Crypto PAC. - Bloomberg
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How a 233-Year-Old Wall Street Institution Went All In on Crypto. NYSE has placed its bets that digital assets are part of its future. - WSJ
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Editorial by Massachusetts Attorney General Andrea Joy Campbell: How to stay safe in the world of cryptocurrency. – Metro Daily News
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Last week, Cleve Mesidor joined FintechTV Host Remi Blaire on Market Movers for an interview about bipartisanship in crypto policy and the surge in crypto prices.
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Recap: HSF Capital Markets Subcommittee Examined Policies to Combat Financial Fraud During Hearing Last Week |
Committee Chairman French Hill (AR-02) said, “Between 2020 and 2024, so since the pandemic, securities and investment fraud offenses have increased 25%. In 2024 alone, investors lost almost $6 billion to scams. Those are just the cases that we know about through reporting. Financial scams are becoming increasingly sophisticated, ranging from market manipulation, like pump and dump, to digital age Ponzi schemes and account takeovers. Unfortunately, seniors and retail investors are bearing the heaviest burden.”
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Treasury Proposes Rule to Implement the GENIUS Act’s Requirements to Counter Illicit Finance |
Recently, Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) issued a joint proposed rule to implement provisions of the GENIUS Act, which "implements the GENIUS Act’s anti-money laundering and sanctions compliance program requirements, encourages innovation in payment stablecoins while providing an appropriately tailored regime to mitigate potential illicit finance risks."
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OCC, FDIC Removing Reputation Risk From Supervision |
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued a final rule to codify the elimination of reputation risk from their supervisory programs.
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| Blockchain Association (BA) Senior Director of Government Relations Jessica Martinez has taken on a new role as U.S. Policy Director at Fireblocks, a BA member company.
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butterscotch is a digital news studio broadcasting stories about Black, Latino, Indigenous DeFi retail investors, Web3 consumers, founders, executives, officials. The virtual newsroom - featuring eNews, Podcast, Live Events – seeks to deepen mainstream understanding of diverse segments of the emerging $4 trillion crypto industry.
Cleve Mesidor, CEO & Managing Editor
Ashlynn Mesidor, CTO & Co-Founder
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