U.S. lawmakers propose excluding staking and airdrops from securities laws as SEC and CFTC explore innovation-friendly measures, while Bitcoin and Ethereum ETFs face heavy outflows amid notable project and corporate updates.
A U.S. Senate Banking Committee draft excluded staking, airdrops, and DePIN from securities laws, while enhancing SEC–CFTC coordination and developer protections. SEC and CFTC leaders proposed 24/7 trading, expanded event-contract permissions, and an “innovation exemption” for DeFi products. U.S. spot Bitcoin ETFs saw $160 million in outflows, and Ethereum ETFs recorded $447 million in outflows. Hyperliquid launched voting on its USDH ticker, Omni rebranded to Nomina with a 1:75 $OMNI→$NOM swap, WLFI blacklisted 272 wallets, and Justin Sun pledged $10 million each to buy ALTS and WLFI. Corporate developments included Robinhood joining the S&P 500, SOL Strategies winning Nasdaq approval (STKE), StablecoinX/TLGY securing $530 million financing, Trump Media acquiring 684.4 million CRO, and ALT5 Sigma reporting 7.2836 billion WLFI held.