3 Big US Regulatory Breakthroughs
A summary of a critical week in US regulatory clarity
Hi Bitcoin Builders,
It has been a week! While not 100% focused on Bitcoin, the US regulatory environment made significant progress this week.
This positive regulatory shift will help Bitcoin builders — more regulatory clarity will give builders confidence to build, especially in the US.
It is a great time to build on Bitcoin.
Here are the regulatory highlights from this week:
The Biden administration announced that they will not veto the FIT21 crypto bill. Michael Saylor provides a good summary of the impact.
The US Securities and Exchange Commission (SEC) approved the sale of spot Ether Exchange-Traded Funds (ETFs) in the United States.
The US House passed the CBDC Anti-Surveillance State Act — via Blockworks.
BONUS: US Presidential Candidate Donald Trump now accepts Bitcoin for campaign donations.
Bitcoin Layers
Grayscale announces the Stacks crypto investment trust. Institutional acceptance (along with regulatory clarity) gives Bitcoin builders more confidence to build.
Janusz breaks down Bitcoin Layers in the post, The New Wave of Bitcoin L2s are sidechains.
BOB reaches 100,000 transactions per day on mainnet. BOB created a dashboard to monitor the ecosystem activity.
Lorenzo Protocol partners with BitLayer. Lorenzo aims to be the premier Bitcoin platform for yield-bearing token issuance, trading, and settlement. Read the docs here.
Meta Protocols and L1
MetaMask is adding Bitcoin support. MetaMask is a crypto gateway for 30 million monthly active users, and it is now adding Bitcoin support.
Cashu Protocol brings privacy to Bitcoin payments via Bitcoin Magazine.
Thanks for reading!
If you have suggestions for projects you’d like us to cover or other comments, please respond to this email or DM us on X.