Key Takeaways

• The Error: A coding failure caused the agent to send 5% of the total token supply (valued between $250k and $441k) to a random user instead of a $400 donation.
• The Reaction: Despite the massive loss of treasury funds, LOBSTAR price surged 190% as the community embraced the narrative of “agentic risk.”
• The Aftermath: The recipient liquidated the tokens for just $40k due to slippage, while the project market cap climbed to $12 million.

TLDR:

• MoneyGram will operate a founding federated node on Midnight mainnet ahead of launch.
• Midnight mainnet uses zero-knowledge cryptography to enable confidential smart contracts.
• The federated model ensures coordinated governance during the Kūkolu roadmap phase.
• Enterprise operators aim to support stable, compliance-ready blockchain infrastructure.

MoneyGram joins Midnight Network as a founding federated node operator, reinforcing the blockchain’s privacy-first architecture ahead of its planned March mainnet launch.

The Midnight Foundation confirmed the development as part of the Kūkolu phase of its roadmap. By integrating an established global payments provider into its launch infrastructure, Midnight mainnet strengthens its operational framework while advancing confidential, compliance-aware blockchain deployment from day one.

MoneyGram Anchors Founding Federated Infrastructure

MoneyGram will operate a founding federated node on Midnight mainnet. The company serves customers in more than 200 countries and territories. Its addition embeds real-world payments infrastructure directly into Midnight’s early operational layer.

In an official statement released by the Midnight Foundation, Luke Tuttle, Chief Product and Technology Officer at MoneyGram, explained the company’s position.

He stated that MoneyGram has delivered practical crypto solutions for years. He added that running blockchain nodes aligns naturally with that strategy.

Tuttle further noted that participation allows MoneyGram to help ensure privacy, compliance, and reliability are built into the network from the outset.

His remarks framed the collaboration as an operational step rather than a symbolic partnership. The statement was circulated through Midnight’s communication channels following recent announcements at Consensus Hong Kong.

Zero-Knowledge Design Supports Compliance and Privacy

Midnight mainnet is engineered around zero-knowledge cryptography and confidential smart contracts. The architecture enables transaction verification without disclosing sensitive user information. This structure is intended to support regulated industries entering on-chain environments.

Addressing this approach, Omri Ross, Chief Blockchain Officer at eToro, commented on Midnight’s programmable data protection model.

In a statement shared by the foundation, Ross said eToro was encouraged by the network’s selective disclosure capabilities.

He emphasized that granular control over data visibility is foundational for blockchain infrastructure serving global markets.

Ross also stated that confidential smart contracts with built-in verifiability align with eToro’s long-term view of asset tokenization.

His remarks connected privacy-enhancing technology with regulated financial expansion. The comments accompanied confirmation that eToro will serve as a federated node operator.

Broader Industry Participation in Federated Operations

Midnight mainnet’s federated model includes operators from payments, fintech, and telecommunications. Pairpoint, backed by Vodafone and Sumitomo Corporation, will also run a node. Pairpoint focuses on enabling autonomous economic activity within connected device ecosystems.

David Palmer, Chief Innovation Officer at Pairpoint, addressed the partnership in a formal statement. He said Midnight’s zero-knowledge architecture is essential for trusted IoT device identity and authentication. Palmer connected privacy infrastructure with scaling across global networks in the emerging IoT AI economy.

Fahmi Syed, President of the Midnight Foundation, commented on the collective participation of MoneyGram, Pairpoint, and eToro.

In a statement accompanying the announcement, he said the presence of a global payments network, a Fortune 500-backed technology venture, and a publicly traded fintech operating nodes signals the direction of blockchain infrastructure. He described the consortium as an early foundation for a broader privacy-focused ecosystem.

Midnight mainnet is preparing for its March launch under explicit coordination rules for federated operators. The foundation stated that additional updates will be published as the rollout approaches.

Developers are expected to begin building privacy-enhancing applications from the network’s initial operational phase.

MIAMI BEACH — Endowments are rethinking where they invest as they brace for weaker returns from traditional assets.

At the iConnections conference on Tuesday, several chief investment officers said the playbook that drove gains over the past decade may not work as well in the next one. Equity valuations remain high, credit spreads are near historic lows, and private markets are crowded, leaving little room for error.

“I think in general, our expectations are that for all of the traditional asset classes that we’ve invested in, we sort of believe this is both return compression and probably Alpha compression,” said Kim Lew, CEO and president of Columbia Investment Management Company.

Lower expected returns create a math problem. Private foundations, for example, must pay out about 5% of assets each year. Add operating costs, and the hurdle rate climbs. “If you don’t earn returns of 8% the model doesn’t work,” said Carlos Rangel of the W.K. Kellogg Foundation, one of the largest U.S. philanthropic foundations in the U.S.

That pressure is pushing investment teams to search further afield. Lew said generating outperformance may require going “a little bit further on the risk curve” and exploring strategies they have not used before.

That search has, in some cases, led endowments into cryptocurrency markets, which were once viewed as too volatile or operationally complex for traditional institutions. Early university investors such as Yale and Harvard backed crypto-focused venture funds years ago, gaining indirect exposure to digital assets through private vehicles. More recently, the approval of spot bitcoin BTC$66,773.01 and ether (ETH) exchange-traded funds in the U.S. has offered a simpler route.

Harvard University and Brown University, for example, have disclosed positions in both bitcoin and ether ETFs in their latest 13F filings. While the allocations appear small relative to their overall portfolios, the disclosures show how digital assets have moved from the fringe of institutional finance into the mainstream toolkit.

For endowments facing lower expected returns from stocks and bonds, crypto ETFs can serve as a high-risk, high-volatility satellite position.

Still, panelists made clear that the broader challenge extends beyond any single asset class. Many institutions are tempering expectations after years of strong market performance. Equity risk premiums look thin, private markets hold record amounts of unsold assets and macro uncertainty remains elevated.

“I think it’s a really hard setup for outstanding returns,” Lew said.

As crypto markets linger in a prolonged downturn, LeanHash shows investors how idle BTC, ETH, and XRP can be transformed into a $17,000 profit through smart hashrate allocation.

As the cryptocurrency market enters a prolonged bottoming-out phase, the traditional Hold-on-Demand (HODL) strategy is causing many investors to lose value. However, smart money is shifting towards a more defensive and high-return model.

Recently, data released by LeanHash, a globally renowned hashrate platform, shows that through its innovative multi-asset hashrate allocation scheme, smart investors have successfully achieved a net profit of over $17,000 during the downturn.

The “sunk cost” trap during market downturns

For long-term holders of BTC, ETH, and XRP, the biggest enemy right now is not price declines, but “sleeping assets.” During periods of low volatility and sideways movement, assets fail to generate cash flow.

“You can’t just sit there and wait for the bull market to return,” said LeanHash’s Chief Strategy Officer at the recent Dubai Web3 Summit. “The real winners are those who create passive income by leveraging the underlying value of assets when the market is stagnant. Our new solution is designed to transform these ‘silent assets’ into ‘hashrate engines.’

Unveiling the $17,000 profit path: The power of scientific allocation

LeanHash’s solution isn’t based on numbers generated out of thin air; it’s grounded in a precise hashrate arbitrage model. This solution primarily consists of three core dimensions:

1.The “ballast” effect of BTC and ETH: 

Utilizing LeanHash’s globally deployed high-performance ASIC mining clusters, users can convert their BTC or ETH holdings into hashrate contracts. Compared to direct buying and selling, this method ensures a fixed daily output of 1.5% – 1.8% even when the price is flat.

2.XRP’s “Accelerating Momentum”: 

In response to the recent legal clarification and return of liquidity for XRP, LeanHash launched a proprietary XRP hashrate-linked product. This product allows users to leverage XRP’s high liquidity to participate in short-term, high-frequency hashrate settlements, with a 24-hour yield reaching up to 1.78%, becoming a key driver in achieving the $17,000 target.

3.Compound Interest Snowballing:

The core of this scheme is “daily settlement, immediate reinvestment.” By reinvesting daily profits into more efficient next-generation hashrate packages, the $17,000 target can typically be achieved exponentially within a 45-60 day period.

Why is LeanHash trustworthy?

In the crypto industry, trust is more valuable than gold. LeanHash stands out based on three pillars:

• Transparent hardware support: Unlike many fake cloud mining schemes, LeanHash allows users to view the operations of physical mining farms located in Iceland and Kazakhstan via real-time monitoring cameras.
• Low barrier to entry and high incentives: The platform is extremely user-friendly for new users, offering a free $15 trial bonus upon registration. This means users can test the system’s real output without investing any capital.
• Zero technical burden: LeanHash automates the complex processes of hardware maintenance, electricity costs, and mining pool configuration. Users simply select contracts via the mobile app, and the rest is handled by LeanHash’s AI scheduling system.

Get started now

In the history of cryptocurrency, wealth has always been redistributed during downturns. While most people are selling in fear, professional investors are building their own “digital cash flow hubs” through platforms like LeanHash.

How to get started?

1.Visit LeanHash.com and complete the quick registration.

2.Claim the $15 registration bonus and experience the first computing power earnings.

3.Configure dedicated contracts for mainstream currencies such as BTC, ETH, or XRP based on risk tolerance.

Conclusion

Market downturns are not scary; what’s scary is having assets idle during a downturn. Locking in $17,000 in profits could stem from a single tool choice users make today.

About LeanHash

LeanHash is a leading global cloud computing service provider headquartered in the UK, currently serving over 3 million users in more than 180 countries worldwide. Its mission is to enable everyone globally to equally share in the benefits of blockchain technology.

For more details, please visit the official website: leanhash.com or download the iOS and Android mobile apps to track real-time earnings anytime, anywhere.

Key Takeaways

• Platform Launch: CMU OmniClear will develop a central infrastructure to settle tokenized bonds and eventually other digital assets.
• Regional Connectivity: The system is designed to link with other tokenization platforms across the Asia-Pacific region to boost cross-border liquidity.
• Stablecoin Integration: New fiat-referenced stablecoin licenses will issue in March to support settlement and exploring commercial use cases.

Cross-border B2B payments in 2026 still pose problems that everyone agrees on. Yet the day-to-day barely changes.

Cut-off times, intermediaries, manual reconciliation, surprise fees. It’s still all too common for a simple international transfer to turn into a days-long exercise in waiting, chasing, and explaining variance on the ledger.

As a matter of fact, the ECB has pointed out that in 2024, one-third of retail cross-border payments took more than one business day to settle, and for nearly one-quarter of global corridors, costs exceeded 3%. 

Even the G20 roadmap telegraphs how big the gap is. By end-2027, the target is for 75% of cross-border wholesale payments to be credited within one hour. That’s the ambition.

This is part of the reason stablecoins keep coming back into the conversation. Settlement in seconds, 24/7/365, anywhere in the world, and fees you won’t even notice. Let’s dive deeper.

It’s Time for Programmable Money

Stablecoins make the most sense when you think about them in the context of payments, instead of crypto. In a B2B context, they function like digital cash. Always-on settlement, global reach, and the ability to plug straight into workflows via APIs.

Where it gets interesting is that stablecoins are programmable. Once you treat dollars as programmable objects, you can start building treasury logic around them. 

• Automated sweeps. For example, automatically moving excess stablecoin balances from operational wallets into a treasury wallet at the end of each day, or rebalancing liquidity across regions without manual intervention.
• Conditional payments. Releasing funds only once predefined conditions are met, such as confirming goods have been delivered, a milestone has been completed, or compliance checks have cleared.
• Real-time reporting hooks. Integrating wallet activity directly into internal dashboards or ERP systems, so treasury teams can see balances and flows update instantly instead of waiting for bank statements.
• On-chain cash segmentation. Separating funds by function (payroll, vendor payments, reserves, tax liabilities) across distinct wallets or smart contracts, creating clean internal accounting boundaries.
• On-chain yield as a policy decision. Allocating a portion of idle stablecoin balances into tokenized T-bills or structured on-chain lending markets as part of a formal treasury strategy, rather than treating yield as opportunistic trading. 

Norman Wooding, Founder & CEO of SCRYPT, builds on that final point:

“”DeFi yields respond to real-time supply and demand – structurally different from traditional fixed income. Leading CFOs already know: as rate compression continues, stablecoins offer sources of diversification and yield without crypto price exposure, or 1:1 correlation with traditional solutions. SCRYPT provides institutional access, with risk management built into the architecture.”

Indeed, stablecoins can act like settlement cash, while opening optionality for treasury returns that don’t depend on being long crypto. 

Exploring Volumes and Separating ‘Settlement’ From ‘Payments’

On raw transaction value, total stablecoin volume hit $35 trillion in 2025, according to media reports, citing McKinsey and Artemis Analytics.

But big on-chain volume doesn’t necessarily mean big payments. A lot of stablecoin flow is exchange rebalancing, arbitrage, and DeFi routing – activity that’s economically meaningful, but not the same as a business paying a supplier. This is why adjusted lenses matter. Visa’s on-chain stablecoin work points to $10.2T in adjusted transaction volume over the last 12 months, aiming to filter out non-payment static. 

When you home in on real-economy usage, the signal sharpens further. According to the Stablecoin Payments from the Ground Up report, B2B stablecoin volumes have surged from under $100 million monthly in early 2023 to over $3 billion by mid-2025, roughly a 30-fold increase.

So, stablecoins are moving serious value. Let’s move deeper into the ‘why’. 

Why B2B Keeps Choosing Stablecoins

Talk to anyone actually moving money cross-border for a living, and you’ll hear the same complaints regarding traditional systems: cut-off times, intermediaries, fee leakage, and manual reconciliation.

Stablecoins are an obvious win. They lack intermediaries, work constantly, offer low fees and even lower rejection rates. Moreover, they open up new audiences for the merchant, positioning them as forward-thinking and adding a competitive advantage. 

It’s not like the legacy world isn’t trying to respond. Swift itself has started pushing new rules aimed at predictable retail cross-border payments, cutting out hidden fees, focusing on full value transfers, and faster settlement where domestic infrastructure allows. 

But global coordination is hard, and even the G20’s programme to make cross-border payments cheaper and faster is now widely expected to miss its 2027 targets.

Federico Variola, CEO of Phemex, speaks to the adoption curve:

“For younger generations, sending value internationally via stablecoins already makes more sense than using SWIFT. Traditional bank transfers are slow, cumbersome, and expensive, while stablecoins are immediate and easier to operate. As regulation becomes clearer and reporting more straightforward, there’s little structural friction left. From a pure money-transfer perspective, stablecoins are well positioned to overtake traditional banking systems. What’s required now is broader adoption of the mindset.”

While little friction remains, some still exists. Let’s expand on that. 

The Real Blockers: Compliance, Redemptions, and Career Risk

Redemption has to be reliable, liquidity has to hold under stress, controls have to be auditable, and the “what happens if…” scenarios need strong answers.

Even the IMF’s pro-innovation framing comes with a warning. Stablecoins can make payments faster and cheaper, but the upside gets undermined fast if the market fragments into non-interoperable coins and networks that can’t cleanly connect. 

Central banks are even harsher. The BIS argues stablecoins fall short on core money properties (particularly singleness and integrity) which is a polite way of saying they don’t automatically earn “no questions asked” trust.

Regulation is trying to close that gap. In the EU, MiCA bakes in specific protections for e-money tokens, including issuance and redemption rules at par value, and the EBA is already publishing guidance on redemption plans, liquidity stress testing, and recovery planning. FSB recommendations push in the same direction globally: consistent oversight, governance, and risk management standards.

Then, there’s the softer limiter: reputational comfort (something Variola framed earlier). What’s needed now might be a more constructive public narrative so skeptical users feel comfortable engaging. For CFOs, this ‘reputational comfort’ translates to a low career risk.

Final Thoughts

Stablecoins move value fast, at any hour, across borders, without the usual chain of intermediaries and delays.

The programmable money layer is what thickens the plot. Once dollars can be moved, segmented, and reported on like software, you start to get treasury use cases that aren’t really possible on banking legacy infrastructure. Automated sweeps, conditional releases, real-time visibility, and, in some cases, policy-driven yield.

At the same time, the remaining friction is real. CFOs care about redemption certainty, liquidity under stress, auditability, and whether the compliance posture is defensible. Until those boxes are consistently ticked, stablecoins will keep growing as a practical option rather than becoming the default everywhere.

But directionally, it’s hard to miss what’s happening. The volumes are rising, the B2B highways are being laid, and the mindset is spreading. The only question left is how quickly the compliance and trust layer catches up.

When bitcoin (BTC) was above $84,000, Strategy (formerly MicroStrategy) founder Michael Saylor said, “sell a kidney if you must, but keep the bitcoin.” Yesterday, BTC hit $63,000.

Since his February 27, 2025 advice, BTC has crashed by $19,000, and his company has lost $20 billion in market capitalization. 

Strategy’s February 2025 holdings (499,096 BTC) have declined in value by 22% and incinerated $9 billion of his shareholders’ wealth.

Another $11 billion in market capitalization evaporated as Strategy raised more capital for acquisitions, and investors paid less premium for MSTR relative to its BTC holdings: 1.5x then to under 0.9x today.

Incredibly, Saylor’s loss of $9 billion by deciding “keep the BTC” is a better number than the company’s actual market cap losses of $20 billion over the same time period.

TLDR:

• FCA selects four firms to test stablecoin issuance under proposed UK rules.
• Sandbox trials begin Q1 2026 to assess payments, settlement, and trading use cases.
• Findings will shape final UK stablecoin rules ahead of October 2027 regime.
• Firms receive guidance from FCA specialists to ensure safe and compliant testing.

UK FCA stablecoin Regulatory Sandbox is set to launch in Q1 2026, selecting four firms to test stablecoin issuance under proposed rules.

Monee, ReStabilise, Revolut, and VVTX will participate in the controlled trials, chosen from a pool of 20 applicants.

The Sandbox aims to evaluate how stablecoin services operate in real-world conditions while shaping the UK’s final regulatory framework. Findings will inform rules ahead of the wider crypto regime scheduled for October 2027.

Firms Selected for Stablecoin Testing

The FCA’s Sandbox allows firms to trial stablecoin issuance safely with oversight from regulators. The selected participants cover diverse use cases including payments, wholesale settlement, and crypto trading.

Each company will receive guidance from FCA specialists throughout the testing period to ensure regulatory alignment.

Monee and ReStabilise will focus on payment-related stablecoins, exploring operational models under the proposed safeguards.

Revolut and VVTX will test solutions linked to settlement and trading infrastructures. The trials aim to provide practical insights into how stablecoins function under draft rules.

The Sandbox framework ensures that firms can operate in live conditions with appropriate consumer protections. The FCA will monitor risk management, compliance, and governance practices while reviewing operational performance. Feedback from these exercises will inform adjustments to policy before finalisation.

Matthew Long, director of payments and digital assets at the FCA, stated that the initiative supports trusted stablecoin use for payments, settlement, and trading.

The regulator emphasized that testing contributes to the UK’s National Payments Vision and broader financial innovation strategy.

Timeline and Regulatory Preparations

The FCA confirmed that consultations on stablecoin issuance, cryptoasset custody, and related conduct standards are now largely complete.

Policy Statements defining the future regime are expected later in 2026. This timeline aligns with the launch of the full crypto regulatory framework in October 2027.

Past consultation papers covered prudential requirements, market abuse controls, and the application of FCA Handbook rules.

These documents guide the operational and legal standards for firms participating in the Sandbox. Firms are expected to demonstrate compliance with these frameworks during testing.

All UK firms offering crypto activities must apply for authorisation once the regime goes live. The FCA will open the application gateway in September 2026, giving companies time to prepare.

Authorisation-focused webinars are also being hosted, including sessions on anti-money laundering requirements.

The Prudential Regulation Authority released guidance on deposit, e-money, and regulated stablecoin innovations.

Together, these measures support responsible testing while preparing the market for the broader regulatory environment.

The FCA stablecoin Regulatory Sandbox provides a structured pathway for innovation under careful supervision.

• Morpho price jumped 15% to intraday highs of $1.83 to lead altcoin gainers.
• Morpho’s token has risen since touching lows of $1.02 on February 5, 2026.
• However, overbought RSI levels above 70 indicate a possible consolidation or pullback.

Morpho (MORPHO) price has surged 15% in the past 24 hours, reaching a high of $1.83.

The move sees the real-world assets-focused crypto platform solidify its latest bullish flip, with bulls extending control above a pivotal technical threshold.

MORPHO is trending higher despite broader market weakness.

Morpho’s price surges, up 64% year-to-date

Morpho’s token has risen since touching lows of $1.02 on February 5, 2026, during the recent sharp downturn in the cryptocurrency market.

While most altcoins have remained under pressure, Morpho has moved into a new upward trend.

The token has rebounded about 15% to around $1.83, translating into a weekly gain of roughly 22% and a year-to-date increase of about 64.

Much of this performance has been linked to growing demand for its vault products.

The latest rally follows earlier bullish signals driven by Morpho’s expanding presence in the real-world asset (RWA) ecosystem.

As Wall Street firms and other institutional investors increase their engagement with blockchain-based infrastructure, Morpho has emerged as a key platform in this segment.

Deposits on the lending network have risen sharply, supported by the growing adoption of on-chain payments, tokenized assets, and lending activity.

An extremely large set of RWAs is now on @Morpho‘s platform. https://t.co/Vmx0pjdsl2

— Paul Frambot 🦋 (@PaulFrambot) February 24, 2026

Price momentum in recent weeks also comes as the token attracts attention, with Apollo Global pledging to acquire up to 90 million tokens over the next 48 months.

The latest bounce may also relate to Morpho Markets and vaults going live on Celo.

Intraday volumes have increased sharply to over $45 million.

MORPHO price analysis

The uptick from lows of $1.02 has MORPHO trading above a multi-month descending trendline that links to the highs of $2.80 reached in August 2025.

Bulls are showing conviction as price holds above the 50-day and 200-day exponential moving averages (EMAs).

Notably, oscillators are hovering neutral-buy and moving averages have flipped to “strong buy.”

As such, trading well clear of the 200 EMA at roughly $1.51 cements the uptrend potential.

Bulls are also looking at a hint of a golden cross, with buy-side bias from key technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).

A sustained close above $1.76, which aligns with prior resistance from May 2025, could propel MORPHO toward $2.15-$2.35.

Next resistance levels lie around $2.80-$3.20.

However, the RSI is in overbought territory above 70, and while not overextended, it suggests a reversal may halt the uptick.

Downside protection could be at $1.50, backed by the 200 and 50-day EMA cluster.

The area around $1.10 and $1.02 offers a strong buy zone.

U.S. Securities and Exchange Commission Chairman Atkins is a top speaker at the Digital Chamber’s DC Blockchain Summit next month, and the event’s chief sponsor — Unicoin — is in a legal fight with the agency, claiming the SEC’s chairman is being misled into perpetuating a legacy war on crypto.

The chief executive for Unicoin, which is the summit’s “platinum” sponsor, says his company is not allowed to speak with the SEC’s leaders due to the agency’s ongoing legal action against the crypto platform. In May last year, the SEC sued the company and its executives, including CEO Alexander Konanykhin, accusing them of raising $100 million for tokens that weren’t backed by real estate in the way the firm represented.

Konanykhin said that the legal clash is pursued by rogue agency enforcers (the “henchmen” of former SEC Chair Gary Gensler) that have misled current SEC Chairman Paul Atkins. (The case may have begun under Gensler’s tenure, but the resulting lawsuit was filed last year under then-Acting Chair Mark Uyeda.)

“We are prohibited from talking to Atkins or other commissioners, so they have no way of knowing that they have been defrauded by ‘dirty cops,’ holdovers from Gensler’s War on Crypto,” Konanykhin wrote in a message to CoinDesk.

Unicoin executives may not be able to speak with Atkins, but the company is helping pay for the event at which Atkins and Commissioner Hester Peirce are the first two speakers highlighted on the summit’s website, in a list that also includes Konanykhin.

When asked about the confluence of Unicoin and its agency adversary at the upcoming summit, the organizers responded with a statement, saying, “Companies come to the Digital Chamber’s DC Summit because it is an opportunity to educate and build bridges.”

An SEC spokesman declined to comment on the situation.

Konanykhin’s company has further sought to educate the SEC with a campaign involving trucks circulating around the center of Washington and past the agency, decorated with pointed messages that included the sentiment, “The War on Crypto is NOT over.”

The CEO has been threading a needle in his sharp criticism of the SEC. He praised Atkins for “steadily repairing the damage on the crypto industry inflicted by his predecessor,” but he insisted that the agency’s enforcement staff is sabotaging Atkins by maintaining Gensler’s legal fight with the digital assets sector, despite the fact the SEC dismissed or delayed the other major crypto enforcement cases pursued under Gensler.

Also, the current securities-fraud charges against Unicoin were made last year, when Republican Commissioner Uyeda was the stand-in chairman. The lawsuit was approved by a commission that then included two Republicans and a Democrat, with no dissenting statements issued. But Konanykhin says the enforcement lawyers got the approval rubber-stamped, arguing that “rejection of a staff recommendation is the exception rather than the rule.”

The policy summit, among the most prominent annual crypto events in Washington, features a code of conduct that calls for “a safe and welcoming environment that fosters open dialogue and the free expression of ideas.” While Konanykhin might want to tell Atkins that his enforcement crew “crudely fabricated absurd charges against Unicoin and its executives,” the legal constraints against him won’t permit that open dialogue.