SEC Delays Innovation Exemption — Tokenized Stock Projects Stalled and On‑Chain Liquidity Risks Rise
The SEC pushed back its tokenized‑stock exemption to after May 31, leaving crypto firms scrambling and on‑chain equity markets in limbo.
All Cowlpane coverage tagged stablecoin, sourced from global financial publications and updated continuously.
The SEC pushed back its tokenized‑stock exemption to after May 31, leaving crypto firms scrambling and on‑chain equity markets in limbo.
Tether lodged seven Korean trademarks on June 20, sparking speculation that a won‑backed USDT may soon launch, forcing investors to rethink crypto‑linked equities.
Sui just launched gas‑free stablecoin swaps, slashing transfer costs to $0 and paving the way for frictionless cross‑chain trades.
Jane Street dumped $192 million of UST just before Terra’s collapse, exposing costly insider‑edge that hurt thousands of holders.
USDT now holds $190B, nearly the entire $300B stablecoin market, tightening liquidity and amplifying risk for all crypto holders.
Tether’s USDT holds 63% of the stablecoin market, while Circle’s USDC accounts for 25%, according to CoinGecko. New challengers have yet to threaten the duopoly.
Stripe‑backed Tempo adds Morpho’s $7.5B lending marketplace, enabling enterprises to earn yield on stablecoins while staying on the chain. The move reflects a trend of payment firms adding DeFi tools.
Ethereum stalls near $2.4K resistance while Bitcoin’s swings prompt a $1.5B stablecoin inflow to Binance. The shift signals growing uncertainty in the crypto market.
A7A5, issued by Kyrgyz firm Old Vector, has moved up to $100 billion in on‑chain volume in its first year, despite US and EU sanctions. The token underpins Russia’s de‑dollarisation strategy and trades mainly through Grinex.
The ruble‑pegged stablecoin A7A5, launched in January 2025, has processed $100 B on‑chain and now claims it can thrive even after sanctions lift. Daily volumes fell two‑thirds after OFAC, EU and UK bans, but the token remains a key settlement tool for Russian trade with China, Iran and Southeast Asi
Coinbase and Circle announced a partnership with Hyperliquid to make USDC the platform’s aligned quote asset, redirecting reserve‑yield revenue to the protocol and boosting HYPE token value.
TRON, Tether and TRM Labs’ T3 FCU has seized $450 million in bad crypto, while JPMorgan’s Strategy could add $30 billion to Bitcoin demand by 2026. Both moves reshape enforcement and institutional buying.