SEC Chair Atkins emphasized that the recently released crypto asset interpretive guidance is an important starting point for regulation, with the key next step being congressional legislation. The stablecoin bill is nearing completion, and the market structure bill is also progressing, both of which could improve the regulatory environment. However, administrative interpretations have limited stability, and true binding authority still requires legislation to ensure. Long-term regulation remains uncertain.

Morgan Stanley has filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the Morgan Stanley Bitcoin Trust (MSBT), a spot Bitcoin exchange-traded fund (ETF) set to trade on NYSE Arca under the ticker MSBT.

XRP has faced a steep decline in recent months, dropping nearly 60% from its peak. However, potential interest rate cuts under a new Federal Reserve chair may revive investor interest, leading to a possible rally. Despite its risks, XRP’s current valuation could make it an attractive buy.