Rep. Bryan Steil questioned federal regulators on their progress implementing the GENIUS stablecoin law during a House Financial Services Committee hearing Tuesday. The legislation, which became law July 18, requires agencies to establish rules within one year. FDIC Acting Chair Travis Hill announced plans to propose implementation rules this month, while NCUA Chairman Kyle Hauptman confirmed regulators are committed to the July 18, 2026 deadline.

Grayscale Investments launched the Grayscale Chainlink Trust ETF (GLNK) on the New York Stock Exchange on Tuesday. The fund converted a private placement trust holding over $17 million in assets and offers investors exposure to Chainlink's oracle network infrastructure, according to Grayscale.

NYSE Arca certified Grayscale's Chainlink Trust ETF for listing on Monday, with trading set to begin Tuesday on the New York Stock Exchange. The product marks the first exchange-traded fund offering exposure to Chainlink's LINK token. LINK currently holds a market capitalization near $8.5 billion.

NYSE Arca certified the listing of Bitwise's Dogecoin ETF (BWOW) on Tuesday, clearing the fund for a potential Wednesday launch. Dogecoin ranks as the 10th largest cryptocurrency with a $23 billion market capitalization. The fund follows Grayscale's Monday debut and REX-Osprey's September launch.

NYSE Arca certified the listing of Grayscale's XRP Trust ETF and Dogecoin Trust ETF on Friday, with both products set to begin trading Monday. The approvals convert existing private placement vehicles into publicly traded ETF structures, expanding Grayscale's cryptocurrency investment product lineup.

Rep. Warren Davidson introduced the Bitcoin for America Act on Thursday, which would allow individuals and businesses to pay federal taxes in bitcoin. The legislation directs such payments into the U.S. Strategic Bitcoin Reserve, according to the Bitcoin Policy Institute.

The Office of the Comptroller of the Currency issued Interpretive Letter 1186 on Tuesday, permitting national banks to hold cryptocurrency on their balance sheets to pay blockchain network transaction fees. The guidance addresses operational challenges banks previously faced when conducting blockchain transactions, which required maintaining separate accounts or engaging third-party providers to cover network fees.

Fidelity Investments launched its Solana exchange-traded fund on Tuesday, trading under the ticker FSOL. The fund includes a staking component and marks Fidelity as the third major asset manager to launch a spot SOL ETF. Bitwise initiated the category with its late October launch, while Grayscale followed shortly after with its own staking-enabled product.

The U.S. Securities and Exchange Commission faces a critical year for cryptocurrency regulation under Chair Paul Atkins, according to TD Cowen's Washington Research Group. Atkins is expected to advance a deregulatory agenda that includes establishing digital asset rules and expanding retail access to alternative investments. The agency must begin issuing proposals in the coming months to finalize them by 2027, analysts said.