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SEC Commissioner Hester M. Peirce, first appointed in 2018, has opted not to pursue a 3rd term. This November, she will join Regent University School of Law as an Associate Professor. Her departure will be a big loss for digital assets regulatory policy. 

The Securities and Exchange Commission is delaying a plan to provide broad exemptions for US crypto firms to trade tokenized assets linked to stocks, according to people familiar with the matter. The SEC’s staff was preparingto release its so-called innovation exemption for tokenized stocks as soon as this week, according to the people, who asked not to be named while discussing the commission’s business. A draft of the plan had been prepared and reviewed by staff. - Bloomberg

Last week, Congressman Steven Horsford (NV-04), Max Miller (OH-07), Suzan DelBene (WA-01), and Mike Carey (OH-15) introduced bipartisan legislation The Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields (PARITY) Act, which will bring much needed clarity, consistency, and common-sense guardrails to the taxation of digital asset activities.

[Read Press Release]

The Commodity Futures Trading Commission today filed a lawsuit against Minnesota to block a new state law, signed by Governor Tim Walz, that would make operating or assisting in the operation of a prediction market a criminal felony.  The CFTC is seeking a preliminary injunction to stop the law from going into effect on August 1, 2026.

> In other news, Minnesota Governor Tim Walz just signed HF 3709 into law, allowing virtual currency custody services to be offered and performed in the state. Minnesotan banks and credit unions are set to provide crypto custody Aug. 1

Federal Reserve Board requests public comment on a proposal to establish a "payment account," which legally eligible financial institutions could use for the specific purpose of clearing and settling their payments.

The FDIC Board of Directors approved a notice of proposed rulemaking (PDF) that would implement appropriate Bank Secrecy Act (BSA) and sanctions compliance standards applicable to FDIC-supervised permitted payment stablecoin issuers (PPSIs) pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). 

A new White House Executive Order directs federal financial regulators to review existing regulations, guidance, supervisory practices, and application processes to identify those that could be updated to facilitate innovation and greater competition in the provision of financial services, while maintaining safety and soundness. [Read Fact Sheet]

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The Digital Chamber's Anastasia Delaccio has been appointed to Delaware's new Blockchain and Digital Innovation Task Force. 

Natasha Barrientos 
She has joined Wells Fargo as Head of Digital Assets within our Global Payments & Liquidity business, where she will focus on shaping the firm's institutional digital asset strategy across payments, liquidity, and financial market infrastructure.

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