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<p>Treasury Secretary Janet Yellen advocated for congressional legislation on stablecoins to provide necessary regulatory clarity. Meanwhile, the EU Blockchain Observatory and Forum released a report detailing its activities, achievements, and future policy recommendations for blockchain and AI. Additionally, the London Stock Exchange announced the launch of new crypto ETNs from WisdomTree and 21Shares.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><ul><li>Sen. Cynthia Lummis (R-WY)</li><li><a href="https://www.linkedin.com/company/secgov" rel="noopener noreferrer nofollow">Securities and Exchange Commission</a></li><li><a href="https://www.linkedin.com/company/us-treasury/" rel="noopener noreferrer nofollow">Treasury</a> Secretary Janet Yellen</li><li><a href="https://www.linkedin.com/company/lejilex/" rel="noopener noreferrer nofollow">Lejilex</a></li><li>Crypto Freedom Alliance of Texas</li><li><a href="https://www.linkedin.com/company/coinbase/" rel="noopener noreferrer nofollow">Coinbase</a></li><li>Silk Road founder Ross Ulbricht</li><li><a href="https://www.linkedin.com/company/eu-blockchain-observatory-forum/" rel="noopener noreferrer nofollow">EU Blockchain Observatory and Forum (EUBOF)</a></li><li><a href="https://www.linkedin.com/company/london-stock-exchange/" rel="noopener noreferrer nofollow">London Stock Exchange</a></li><li><a href="https://www.linkedin.com/company/wisdomtree-europe-etfs/" rel="noopener noreferrer nofollow">WisdomTree</a></li><li><a href="https://www.linkedin.com/company/21shares/" rel="noopener noreferrer nofollow">21Shares</a></li><li>Jian Wen (convicted for money laundering)</li></ul><h3 id="us">US</h3><h3 id="sen-lummis-hails-sec-s-approval-of-spot-eth-etfs-as-crypto-milestone">Sen. Lummis Hails SEC’s Approval of Spot ETH ETFs as Crypto Milestone</h3><p>Sen. Cynthia Lummis (R-WY), one of crypto’s biggest supporters in Congress, said in a post on X that the SEC’s approval of spot ETH ETFs is “the latest sign crypto is being accepted as a mature asset class and underscores the need for Congress to pass a regulatory framework to protect consumers and provide clear rules of the road for the industry.” Sen. Lummis also discussed last week’s crypto votes in an interview, stating that she is “more optimistic than ever about the future of crypto in America.”</p><h3 id="yellen-calls-for-congressional-action-on-stablecoins">Yellen Calls for Congressional Action on Stablecoins</h3><p>Treasury Secretary Janet Yellen discussed stablecoins in an interview with Punchbowl, advocating for Congress to legislate on the issue to provide needed clarity.</p><h3 id="sec-seeks-dismissal-of-crypto-firm-lejilex-s-lawsuit">SEC Seeks Dismissal of Crypto Firm Lejilex’s Lawsuit</h3><p>The SEC filed a motion to dismiss crypto firm Lejilex and the Crypto Freedom Alliance of Texas’ lawsuit against the agency, arguing that the bid to bar any future enforcement action is “fatally premature,” since Lejilex has not identified a final action to challenge.</p><h3 id="coinbase-pushes-for-clarity-on-digital-assets-in-court-appeal">Coinbase Pushes for Clarity on Digital Assets in Court Appeal</h3><p>Coinbase filed a response to the SEC’s comment on its interlocutory appeal request, arguing that the case is the right vehicle for the US Court of Appeals for the 2nd Circuit to decide whether digital assets meet the definition of investment contracts and provide clarity for the crypto industry.</p><h3 id="trump-advocates-for-us-leadership-in-crypto-and-pardon-for-silk-road-founder">Trump Advocates for US Leadership in Crypto and Pardon for Silk Road Founder</h3><p>Former President Trump argued in a post on Truth Social that the US must be the world leader on crypto. He also stated that, if elected, he will pardon Silk Road founder Ross Ulbricht.</p><h3 id="eu-uk">EU/UK</h3><h3 id="eu-blockchain-observatory-publishes-final-report-on-blockchain-and-ai">EU Blockchain Observatory Publishes Final Report on Blockchain and AI</h3><p>The EU Blockchain Observatory and Forum (EUBOF) published a concluding report outlining EUBOF’s activities, achievements, and impact over the past four years while providing insights into future trends and policy actions for blockchain technology in Europe. The report urges the EU to brace for the convergence of blockchain technology and AI.</p><h3 id="london-stock-exchange-lists-new-crypto-etns-from-wisdomtree-and-21shares">London Stock Exchange Lists New Crypto ETNs from WisdomTree and 21Shares</h3><p>The London Stock Exchange announced that crypto ETNs from WisdomTree and 21Shares launched today.</p><h3 id="london-court-sentences-jian-wen-for-btc-laundering-in-massive-fraud-case">London Court Sentences Jian Wen for BTC Laundering in Massive Fraud Case</h3><p>A London court sentenced Jian Wen to six years and eight months in prison for laundering BTC linked to a $5.6 billion investment fraud in China.</p>

Yellen Urges Congress to Clarify Stablecoin Regulations

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