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SEC’s Huge Crypto Rulemaking! Bitcoin Bullish Weekly Close, Quant QNT Pump, X Money PAID Memecoin!

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Crypto News:

  • Bitcoin just closed above $84,000 for its highest weekly close in 8 months.
  • Quant QNT altcoin has a massive pump.
  • SEC staff issues FAQs on crypto asset securities laws application.
  • SEC Commissioner Hester Peirce calls to end mass KYC data collection, warning it puts crypto holders at risk of phishing and physical attacks. The commissioner will also be leaving the SEC by October 2nd, 2026.
  • Rep Richie Torres says the CLARITY Act’s failure had multiple causes, but argues President Trump was the decisive factor.
  • California Governor Gavin Newsom signs law banning public officials from issuing crypto meme coins.
  • Pump Fun launches meme coin scheme where users get paid fees in cash via PAID in X Money
  • Circle Foundation partners with the UN Development Programme and World Food Programme to pilot stablecoin payments for humanitarian aid delivery, testing USDC based disbursements in conflict zones and low-connectivity regions.
  • Ethena expands USDe backing strategy into bStocks and equity perpetuals on Binance
  • D’CENT Wallets get hacked

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Timestamps

00:30 Bitcoin & Quant QNT Analysis

04:43 SEC Crypto rulemaking

06:31 SEC Hester Peirce Leaving & KYC AML recommendation

11:03 President Trump Clarity Act not passing

13:34 California Gov Gavin Newsom Memecoin ban

14:13 Pump Fun XMoney Paid Memecoins scheme

17:13 Circle USDC UN humanitarian aid

18:14 Ethena USDe Binance bStocks

19:08 D’CENT Wallet hack


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Tony E

Editor and Author at ThinkingCrypto.com