Western Union Launches Solana Stablecoin USDPT; SEC Issues Crypto Securities Guidance

Western Union partnered with Crossmint to launch USDPT, a Solana-based stablecoin, while the SEC released guidance for federal regulators on applying existing securities laws to crypto assets. Donald Trump said the U.S. aims to lead globally in crypto and emerging technologies, as Sui Dollar ($USDsui) launched backed by a Stripe-owned stablecoin to support scalable finance and cross-border payments. Additionally, Canada's Scotiabank introduced an actively managed ETF targeting selected crypto assets, Elon Musk previewed X Money with beta wallet features including sending, depositing and earning yield, and pro-Bitcoin economist Kevin Warsh was nominated as the next Federal Reserve Chair. Chinese EV maker Jiuzi Holdings signed a $1B equity deal to purchase 10,000 $BTC, Kraken became the first crypto firm with a master account granting access to the Federal Reserve's core payment rails, and Eric Trump accused large banks of hindering crypto innovation while providing low yields and charging high fees.