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Policy
Lido’s LDO Token Sinks 10% Following Rumors Crypto Staking Service Received SEC Notice
Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service. A spokesperson for Lido declined to comment.

SEC’s Coinbase Insider Trading Case Is ‘Backdoor Rulemaking,’ Trade Association’s CEO Says
The regulator “piggybacked” off the Justice Department's insider trading case and is using it as a way to define some tokens as securities, Perianne Boring, the Chamber of Digital Commerce’s founder, told “First Mover.”

Montana Senate Passes Bill Protecting Crypto Miners
The legislation will likely upend a Missoula county zoning law that was one of the first in the U.S. to target the mining industry.

Crypto Regulatory Initiatives Show SEC’s Dominance Among US Regulators: JPMorgan
JPMorgan foresees more regulatory actions on stablecoin issuers, custody and protection of investors’ digital assets and on the unbundling of crypto services, the report said.

Washington Plays Tennis With Crypto
If digital asset regulation is drifting into partisan waters, that’s bad for all involved.

Kazakhstan's President Signs Legislation to Limit Energy Usage of Crypto Mining
The new law also calls for government-approved mining pools.
