Senate Recesses on Friday! |
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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SEC Comm'r Hester Peirce Departs Friday |
SEC Commissioner Hester Peirce posted her farewell letter to the White House on social media last week. She is headed back to work in academia.
During a speech at SIFMA’s Digital Assets Conference in New York last week, Commissioner Peirce advocated for zero-knowledge proofs as potential KYC/AML alternatives.
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The CFTC's Innovation Task Force will host a series of public roundtables on technologies that are transforming American financial markets. The inaugural Frontier Forum focused on artificial intelligence and agentic finance will take place on October 28.
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Federal Reserve Requests Public Comment on GENIUS Act Rules |
The Federal Reserve Board last week requested public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act.
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CFTC & SEC Staff Update Crypto FAQs |
The Commodity Futures Trading Commission's Market Participants Division, Division of Market Oversight, and Division of Clearing and Risk last week released an updated FAQ to address investments of customer funds in tokenized forms of permitted investments and the use of blockchain technologies to satisfy a registrant’s recordkeeping requirements.
“I’m pleased to see staff update these frequently asked questions consistent with the agency’s ongoing efforts to provide regulatory clarity for the crypto industry,” Chairman Michael S. Selig said.
[Also Review SEC FAQs]
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Democrats Seek Bipartisan Hearing on Prediction Markets |
All Banking Committee Democrats Call on Chairman Scott to Hold Public Hearing on Prediction Markets Following Reports of a Republican-only Roundtable with Industry Executives. [Read Press Release]
“It is critical that Congress examine prediction markets on a bipartisan basis in a public hearing – not behind closed doors in a Republican-only, industry-friendly roundtable.”
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Crypto weighs revenge against Democrats — and the risks that come with it. A broad offensive against Democrats could further alienate lawmakers the industry may soon need to revive its agenda. - POLITICO
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Crypto super PAC Fairshake to spend $30M opposing Sherrod Brown in Ohio. - The Hill
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House Democrats torch rewrite of anti-redlining law. Democrats on the House Financial Services Committee led by Ranking Member Maxine Waters urged federal bank regulators to delay their push to update the Community Reinvestment Act. The FDIC and OCC released a proposal in July to significantly alter the law, which directs banks to invest a certain amount of resources in low-to-moderate-income communities. Key critics believe the rewrite would substantially lessen banks’ commitments under the law. - Punchbowl
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Blockchain Association CEO Summer Mersinger to step down, Kristin Smith to return as interim CEO Kristin Smith is currently the president of the Solana Policy Institute, or SPI, and its communications director Emily Wilson told The Block that her role there is not changing. - The Block
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- Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms. - CNBC
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Inside the FBI’s little-known annual crypto crime gathering. The Virtual Asset Technical Exchange brings together investigators, law enforcement officials, and crypto-security specialists to exchange intelligence on a wide range of crimes involving digital assets. - CoinDesk
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Hispanic Heritage Month Continues (Sept 15-Oct 15)
- Oct 6: Coin Center Dinner, NYC
- Oct 13-16: DC Fintech Week
- Oct 15: Intersect Public Affairs & Blockchain Foundation's 2nd Annual Crypto & Latino Leaders Dinner
- Oct 16: Groundwork forum hosted by DC DAO
- Oct 18-21: Money20/20, Vegas
- Oct 19-23: DC Startup & Tech Week
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Crypto builders at CHCI kick off Hispanic Heritage Month |
SEC Senior Advisor Landon Zinda at Black Blockchain Summit on Saturday
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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 $3 trillion crypto industry.
Cleve Mesidor, CEO & Managing Editor
Ashlynn Mesidor, CTO & Co-Founder
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