Commodity Futures Trading Commission Chair Michael Selig has appointed former federal prosecutor and private sector litigator David Miller to lead the agency's enforcement division. Miller previously worked at Greenberg Traurig, Morgan Lewis and the U.S. Department of Justice, focusing on commodities, securities, digital assets and national security, and will oversee enforcement as the CFTC takes on a larger role in crypto and prediction markets. His arrival coincides with shifting enforcement priorities and staffing questions at both the CFTC and the Securities and Exchange Commission.

On Tuesday, Sen. Richard Blumenthal said he had opened an inquiry into Binance and requested records tied to alleged Iran-linked sanctions evasion. His letter to CEO Richard Teng seeks materials on Iranian users and actions involving compliance staff, coming a little over two years after the exchange’s guilty plea and over $4 billion in penalties.

Taylor Lindman, formerly deputy general counsel at Chainlink Labs, has been appointed chief counsel to the SEC's crypto task force. He takes over from Michael Selig, who later became CFTC chair, while the task force led by Commissioner Hester Peirce continues roundtables on tokenization and decentralized finance.

The SEC's Division of Trading and Markets issued guidance on Thursday allowing broker-dealers to apply a 2% haircut to proprietary positions in certain payment stablecoins. Commissioner Hester Peirce said the change could enable brokers to expand activities involving tokenized securities and other crypto assets. Industry voices added it may reduce friction by aligning treatment with money-market funds.

According to Canary Capital and Grayscale, two spot SUI ETFs launched on Wednesday, with SUIS listing on Nasdaq and GSUI on NYSE Arca. Both provide direct price exposure to SUI, and Canary's product adds net staking rewards via the network's proof-of-stake design. Sui is a Layer 1 developed by Mysten Labs.

On Tuesday evening, the U.S. Commodity Futures Trading Commission told the Ninth Circuit that Congress granted it exclusive jurisdiction over futures and event contracts, in a case involving Crypto.com and the state of Nevada. The filing underpins the agency's stance that fast-growing prediction markets, such as Kalshi and Polymarket, fall squarely under its federal authority, even as multiple states and lawmakers challenge that view and raise concerns about gambling, consumer protection and public interest.

Bitwise submitted a registration statement to the SEC for a Uniswap-focused ETF on Thursday, according to the filing. The proposed fund would track UNI and launch without staking, with the option to add it later if approved, and lists Coinbase Custody Trust Company, LLC as custodian. Around the same time, UNI fell about 15% over 24 hours, while bitcoin dropped nearly 15% on Thursday.

On Thursday, Sen. Mark Warner described feeling trapped in "crypto hell" during a Senate Banking Committee hearing on stalled digital asset market structure talks. Senators are working on legislation to split oversight between the SEC and CFTC, define disclosure and anti-money laundering rules, and address contentious issues such as stablecoin yield before a combined bill faces a 60-vote threshold in the full Senate.

The Avalanche Policy Coalition has introduced an advisory council led by Ava Labs General Counsel Lee Schneider, with UK legislator Chris Holmes and leaders from the Avalanche ecosystem joining. The council will address 2026 priorities: token classification, defining intermediaries, and protecting internet access, as regulators in the U.S., EU, UK and Japan move forward with crypto frameworks.