AGP Executive Report
Last update: 31 minutes agoUS Crypto Policy: Treasury Secretary Scott Bessent urged the Senate to pass the Clarity Act, warning that inaction would signal America won’t lead on digital-asset rules. Senate Setback: The bill failed a procedural vote 49-50, falling 10 votes short of the 60 needed to move forward, rattling crypto stocks and pushing Bitcoin lower. Market Moves: Bitcoin slid toward the mid-$70Ks as ETF flows turned negative, while Ethereum exchange balances dropped to about 6.06M ETH, tightening sell-side liquidity. Regulatory Custody: SEC Chair Paul Atkins floated a framework that could let investment advisers self-custody crypto under conditions, alongside possible roles for state trust companies. Stablecoin Use in TradFi: U.S. Bank tested USBDC on Stellar for cross-border payments and joined the Open USD consortium. Tokenized Stocks Push: Bitget Wallet integrated Reality to let users trade 1,700+ tokenized US stocks/ETFs from self-custody, and Robinhood said it will add voting rights plus in-kind redemptions for stock tokens. Crime & Enforcement: DOJ secured a guilty plea tied to a ~$245M bitcoin theft scheme, while US prosecutors moved to forfeit ~$61M in USDT linked to an alleged Iranian oil laundering network. On-Chain RWA Trading: Injective’s RWA perpetual markets topped ~$214.9M in 30 days, signaling growing appetite for onchain synthetic equity exposure.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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