Key Takeaways

• The corporate entity Balancer Labs is ceasing operations following a November 2025 security breach that cost $110 million
• The protocol’s total value locked has plummeted 95% from its 2021 high of $3.5 billion to approximately $157 million
• BAL token emissions will cease entirely under a comprehensive restructuring initiative
• Protocol operations will transition to the Balancer Foundation and DAO, with all fees flowing to the treasury
• Token holders will have access to a buyback program offering fair exit opportunities

The corporate force behind one of decentralized finance’s prominent trading platforms is calling it quits.

Balancer Labs co-founder Fernando Martinelli revealed this week that the company responsible for developing and supporting the Balancer decentralized exchange is discontinuing operations. This decision comes in the wake of a November 2025 security incident that resulted in approximately $110 million in stolen digital assets — marking the third major security compromise in the platform’s operational history.

According to Martinelli, the security breach “introduced significant and persistent legal risks,” rendering continued operations untenable. In a governance forum post, he stated that Balancer Labs had transformed into “more of a burden than a benefit to the protocol’s long-term viability.”

CEO Marcus Hardt explained that the organization’s expenditures to incentivize liquidity far exceeded generated revenues. This imbalanced spending model was simultaneously eroding value for Balancer token stakeholders.

Balancer’s Dramatic Decline

During its zenith in late 2021, Balancer commanded nearly $3.5 billion in total value locked, positioning it as a foundational component of DeFi infrastructure alongside platforms like Aave, Uniswap, and Curve.

Today, that figure stands at just $157 million — representing a catastrophic 95% reduction. The project’s market capitalization has contracted to $10 million, with the token currently trading around $0.16, dramatically below its historical peak.

The November security incident accelerated this downward trajectory. Total value locked contracted by an additional $500 million during the two-week period immediately following the exploit.

Neverthstanding these setbacks, Martinelli noted the protocol continues generating over $1 million in fees across the most recent three-month period. While insufficient for current operational requirements, this revenue stream could sustain a more streamlined organization.

Proposed Restructuring Framework

Balancer Labs leadership has outlined a comprehensive transformation plan. BAL token emissions would be eliminated entirely, dismantling what Martinelli characterized as a “self-perpetuating incentive system that depletes more value than it creates.”

The existing veBAL governance framework would also be discontinued. Martinelli argued it had been “dominated” by meta-governance entities, compromising representative decision-making.

Protocol fee distribution would be restructured to channel 100% of revenue to the DAO treasury, up from the current 17.5% allocation. The v3 protocol share would decrease to 25% to encourage more sustainable liquidity provision.

A BAL token buyback initiative would provide holders with exit liquidity at reasonable valuations.

Key personnel from Balancer Labs would transition to a newly formed organization designated Balancer OpCo, contingent on governance approval. Martinelli plans to withdraw from any official capacity while remaining available for advisory support.

The product roadmap will consolidate around five core pool categories: reCLAMM pools, liquidity bootstrapping pools, stablecoin pools, weighted pools, and expansion to non-EVM blockchain networks.

The Balancer DAO has been presented with two governance proposals addressing the restructuring plan and tokenomics modifications.

BAL was trading at $0.72 on Tuesday morning.

Hostplus is reviewing whether to add crypto exposure to its investment menu after member interest in digital assets continued to grow. 

A Bloomberg report said the fund is considering a model that would give access through its Choiceplus option, though the plan still needs regulatory approval and further design work.

Hostplus is one of Australia’s largest super funds by member count. It has about 2.2 million members, and it ranks among the country’s biggest retirement funds by assets under management, according to Canstar.

Its chief investment officer, Sam Sicilia, said member requests helped keep the issue on the table. He said, 

”There’s certainly a demand from some of our members who write in and say, ‘Why can’t I have access to cryptocurrency?’” according to Bloomberg.

Choiceplus could be the path for a launch

The report said any crypto access would likely sit inside Hostplus’ Choiceplus option. That part of the fund allows members to manage parts of their retirement savings more directly than standard investment options.

Sicilia said the offer could arrive as soon as the next financial year if the structure is approved. He also said, ”We’d love to get regulatory tick-off, even if it means waiting another six months,” showing the fund is willing to wait for formal clearance.

In addition, the proposal is still at an early stage. It would need regulatory approval before any launch, and the fund also needs to address consumer protection issues tied to crypto access in retirement products.

Australia’s superannuation market remains large and tightly watched by regulators. APRA said it supervises financial institutions with about A$10.1 trillion in assets, while industry reporting has placed total superannuation assets near A$4.5 trillion by late 2025.

Broader crypto interest is growing in retirement markets

Large super funds have moved slowly on direct crypto access, but some parts of the market have already taken steps. AMP introduced Bitcoin futures exposure in May 2024 as part of its investment approach, according to the report.

Self-managed super funds remain a major route for Australians who want crypto in retirement portfolios. BTC Markets said SMSF registrations on its platform rose 69% year over year in the 2024–2025 financial year, pointing to continued interest from retirement-focused investors.

A report by Reuters has added new attention to internal tensions at the US Securities and Exchange Commission after the resignation of its former enforcement chief. 

The report said the disagreement centered on how the agency handled cases tied to people close to US President Donald Trump.

Margaret Ryan stepped down as director of the SEC’s Division of Enforcement on March 16. The agency confirmed her resignation that day and named Sam Waldon as acting director, but it did not give a reason for her exit.

The report said Ryan wanted to press ahead with fraud and other charges in matters involving people linked to Trump. It said SEC Chair Paul Atkins and other Republican appointees resisted that approach, which led to conflict inside the agency.

One point of tension involved crypto entrepreneur Justin Sun. The SEC sued Sun and three of his companies in March 2023, alleging unregistered securities sales and wash trading tied to Tronix and BitTorrent.

Earlier this month, the SEC moved to settle that case for $10 million. Sun and the companies did not admit or deny the allegations, and the court filing showed the agency planned to dismiss the claims once the settlement process is completed.

The matter drew more attention because of Sun’s financial ties to the Trump family’s crypto venture, World Liberty Financial. Public reporting said Sun bought $30 million of its tokens in November 2024 and later increased that position to $75 million in January 2025.

Musk lawsuit also added pressure

Another case involved Tesla chief executive Elon Musk. The SEC sued Musk in January 2025, claiming he failed to disclose on time that he had built a stake of more than 5% in Twitter in 2022, which let him keep buying shares at lower prices.

On March 17, the SEC and Musk said in a joint court filing that they were in talks to settle the lawsuit and asked for more time in the case. The filing suggested that further court action might not be needed if the talks succeed.

Ryan’s exit comes at a time when the SEC is already facing questions over its enforcement direction. The agency under Trump has dropped or settled several crypto-related cases that were started during Gary Gensler’s tenure.

The former top enforcement official at the U.S. Securities and Exchange Commission reportedly clashed with the regulator’s leadership before stepping down last week, with part of the friction tied to how cases connected to figures in Donald Trump’s orbit were pursued. Reuters, citing people familiar with the matter, reported that Margaret A. Ryan pressed to pursue fraud and related charges in probes involving individuals linked to Trump, but was resisted by SEC Chair Paul Atkins and other Republican appointees.

Ryan resigned on March 16 after just over six months in the role. An SEC announcement of her departure offered no public explanation for the resignation, leaving questions about the enforcement direction amid a political transition in Washington and shifting crypto-related priorities.

Two high-profile investigations cited as flashpoints involved crypto entrepreneur Justin Sun and Tesla CEO Elon Musk, both connected in various ways to Trump and the broader political landscape. The SEC’s case against Sun and three associated entities reached a settlement earlier this month, a development that underscored the friction points between aggressive enforcement and evolving regulatory guidance.

Key takeaways

• Ryan advocated for fraud charges in probes linked to Trump associates, but faced pushback from SEC leadership during a politically charged period.
• The Sun case and its settlement became a focal point of the disagreement within the agency’s enforcement ranks.
• The Musk case, filed in the final weeks of the previous chair’s term, remains under discussion as the parties pursue a potential settlement.
• The departures and legal sagas unfold amid heightened scrutiny from lawmakers and a broader debate about how crypto cases should be handled by the SEC.

Sun case tests enforcement priorities and crypto guidance

The Sun matter was among the enforcement actions that reportedly strained Ryan’s relationship with top officials. The SEC sued Justin Sun in March 2023, accusing him and three of his companies of selling unregistered securities and engaging in manipulative wash trading. The parties settled the lawsuit for $10 million, with Sun and the entities neither admitting nor denying the SEC’s allegations. The case has been cited as emblematic of the agency’s challenge in applying evolving crypto guidance to real-world actions.

Sun’s broader involvement in Trump-linked ventures heightened the political sensitivity of the matter. After stepping up his crypto investments around World Liberty Financial, Sun bought tokens valued at $30 million in November 2024 and increased his stake to a total of $75 million by January 2025, according to reports cited by Reuters. An SEC enforcement official told Reuters that the Sun case’s trajectory was complicated by shifting crypto guidance and pending crypto laws, and that Ryan supported the settlement, even though her signature did not appear on the court documents.

Tron, the company named in the Sun lawsuit, did not immediately respond to requests for comment. The firm has previously declined to comment on pending legal matters.

Musk dispute and ongoing settlement talks

The SEC’s action against Elon Musk, filed in the final week of former Chair Gary Gensler’s tenure, accused Musk of failing to disclose that he had acquired beneficial ownership of Twitter (now X) in early 2022, a staffing and disclosure issue the regulator argued violated securities rules. In a joint court filing dated March 17, the parties indicated ongoing settlement discussions, signaling potential resolution despite the ongoing litigation.

Lawyers familiar with the suits noted that both cases were historically seen as having strong prospects for the SEC if pursued to trial, illustrating the high-stakes nature of crypto-enforcement decisions in a climate of shifting political and regulatory currents.

Enforcement philosophy under political scrutiny

The corporate and crypto enforcement landscape has grown increasingly entangled with U.S. politics. Democratic lawmakers have scrutinized the SEC’s crypto stance, while coverage of the agency’s enforcement posture has highlighted tensions between a hard line on securities violations and a more tempered approach in certain high-profile cases under the prior administration. Observers point to a broader debate about how aggressively the SEC should pursue crypto assets and related activities as new guidance and laws continue to take shape.

The development comes as the agency navigates a transition in leadership and ongoing questions about how to balance investor protection with clarity for issuers, developers, and investors in the rapidly evolving digital asset space. Reuters noted that the leadership shakeup and the Sun and Musk cases sit at the center of these discussions, with lawmakers watching closely for signals about future enforcement priorities.

Earlier coverage from crypto press has highlighted lawmakers’ concerns about the SEC’s crypto interpretation and how enforcement aligns with the White House’s regulatory agenda, underscoring the risk of policy pivots affecting market participants and innovators alike.

As Ryan’s successor takes the reins, market observers will be watching the SEC’s next moves on crypto cases, transparency in charging decisions, and how political considerations might shape the agency’s willingness to pursue or settle high-profile actions.

What remains uncertain is how the agency will translate evolving crypto guidance into concrete actions going forward, and whether the ongoing settlement talks with Musk will set a new precedent for disclosure enforcement in the technology and internet-enabled asset space. Investors, traders, and builders should monitor potential shifts in enforcement style, the appointment of a new enforcement division leader, and any forthcoming crypto policy updates that could recalibrate risk and opportunity across the market.

TLDR:

• South Korea limits government vehicles to six operating days weekly amid worsening Middle East oil supply disruptions.
• The KOSPI fell 4.9 percent Monday as the won weakened and inflation accelerated under growing fuel pressure.
• Six countries across three continents now ration fuel, marking a shift from developing to advanced economies.
• U.S. troops stationed in South Korea rely on the same disrupted Middle Eastern supply chain facing civilian restrictions.

South Korea has announced mandatory fuel rationing, restricting government vehicles from operating one day per week on a rotating license plate schedule.

The move places the world’s 10th largest economy alongside developing nations that have already imposed similar measures.

As the Strait of Hormuz remains closed, energy supply chains face mounting pressure across multiple continents.

Rationing Spreads Beyond Developing Economies

South Korea imports between 73 and 87 percent of its oil from the Middle East. Every barrel travels through the Strait of Hormuz before reaching Korean shores. With the strait closed and mined, no alternative route exists for crude imports at scale.

The KOSPI index dropped 4.9 percent on Monday before a social media post from former U.S. President Donald Trump temporarily eased market fears.

The South Korean won has also been weakening steadily. Inflation is accelerating alongside these currency pressures.

Analyst Shanaka Anslem Perera noted on social media that the rationing is “no longer a developing-world phenomenon” and is “migrating up the GDP ladder.”

Countries that have already implemented restrictions include Sri Lanka, Bangladesh, Pakistan, India, and Slovenia. Slovenia was the first EU member to introduce QR codes and odd-even plate systems.

South Korea joins that list as a G20 member and home to global semiconductor manufacturers Samsung and SK Hynix.

The country fabricates roughly a quarter of the world’s memory chips. That output now operates under the same energy strain affecting far smaller economies.

Military Readiness and Regional Stability Face Pressure

South Korea hosts 28,500 American troops across several U.S. Forces Korea bases. These operations require continuous supplies of diesel, aviation fuel, and generator capacity. Joint military exercises between U.S. and South Korean forces consume thousands of tonnes of fuel annually.

That fuel supply traces back to the same Middle Eastern supply chain now under civilian restriction. If civilian vehicles face rationing, military logistics are under comparable pressure. Reduced military logistics capacity could affect deterrence posture against North Korea along the DMZ.

Taiwan is also watching developments closely. TSMC fabrication plants in Hsinchu are reportedly counting liquefied natural gas reserves in single-digit days.

Taiwan imports nearly all of its energy, and its timeline may be shorter than South Korea’s given smaller strategic reserves.

The broader picture connects a closed maritime chokepoint to semiconductor output, military readiness, and currency stability across three continents. Sri Lanka, Bangladesh, Pakistan, India, Slovenia, and now South Korea have all imposed rationing measures.

One strait is driving policy decisions in six countries simultaneously. As Perera put it, “The molecules do not check GDP rankings. The molecules check whether the chokepoint is open.”

As the Iran war rages on, U.S. Treasury yields – the market’s gauge of borrowing costs – have surged to multi-month highs, pricing in delayed Fed rate cuts and higher inflation expectations.

The question is at what point the Treasury market, which underpins global finance, starts causing trouble for both the government and the economy, forcing the Trump administration to rethink the war or consider a mechanism to cap yields.

According to ING, that point comes when a little-known 10-year U.S. Treasury swap spread blows past 60 basis points. We are not there yet.

“Watch the 10-year swap spread. It’s just below 50bp now. If that were to shoot to 60bp, it would spell enough trouble to ultimately shape the war path. Why? It’s a measure of the de-rating of Treasuries. We need to steer clear of that. It’s not just the negative perception, it’s the added cost of funding U.S. debt,” Padhraic Garvey, CFA and regional head of research Americas at ING, said in a note to clients Friday.

Garvey emphasized that rising swap spreads aren’t just about perception; they increase the implied cost of funding for the U.S. government, making it more expensive for the heavily-indebted Uncle Sam to issue new bonds and borrow more. This could ripple through the financial system, tightening credit conditions and leading to risk aversion in both stocks and bitcoin BTC$70,509.66.

“Narrow swap spreads are the good look. Wide swap spreads are the opposite,” he said.

Focus on the 10-year yield

Other observers are focused on the 10-year Treasury yield, the benchmark rate that sets borrowing costs across the U.S. economy, influencing risk-taking in both the economy and financial markets.

Since the Iran war began at the end of February, the yield has surged roughly 45 basis points to 4.37%.

According to The Kobeissi Letter, the 4.5%–4.6% range represents a critical “line in the sand.” That’s the level at which President Trump pulled back from his sweeping Liberation Day tariffs last April.

“This is in line with the rapid surge seen around ‘Liberation Day’ in April 2025. As the 10-year note yield surged above 4.50%, President Trump began floating a potential tariff pause. And, once the yield broke above 4.60%, he officially implemented a 90-day pause on reciprocal tariffs on April 9th, 2025,” the letter noted on X.

Put simply, the bond market could soon reach a point where the Trump administration feels pressured to temper the war.

On Tuesday, President Donald Trump paused attacks on Iranian infrastructure, claiming productive talks with Iran, though Iran denied having any contact. Meanwhile, early Wednesday, U.S. and Israeli forces reportedly struck new Iranian energy facilities, including a natural gas pipeline in Khorramshahr.

If the yield breaks the 4.5%–4.6% range, it could rise to 5%, the level analysts have flagged as a make-or-break point for risk assets in recent years.

According to The Kobeissi Letter, the U.S. economy cannot sustain a 5% level in the 10-year yield.

Arthur Hayes, co-founder of BitMEX and chief investment officer at Maelstrom Fund, has previously stated that a potential rise in the 10-year yield above 5% could trigger a mini-financial crisis, forcing the Fed to step in with liquidity injections.

In other words, bitcoin could initially drop in a knee-jerk reaction, but liquidity injections could quickly recharge bulls.

The takeaway is clear. bitcoin traders need to closely track Treasury yields and swap spreads, as shifts in these markets could directly influence risk appetite and policy decisions.

TLDR:

• BitGo launched an MCP Server that connects its crypto infrastructure to AI-native development environments.
• Developers can use natural language to explore wallets, configure webhooks, and review transaction flows.
• The MCP Server supports tools like Claude Code, Cursor, VS Code, ChatGPT, and JetBrains IDEs.
• BitGo’s Developer Portal also features an Ask AI tool for direct, in-page documentation assistance.

BitGo has launched a Model Context Protocol (MCP) Server, connecting institutional crypto infrastructure to AI-native development tools.

The new capability allows developers to access BitGo’s platform resources through natural language. This move positions BitGo as an early adopter of AI-ready infrastructure in the digital asset space.

BitGo Opens Developer Resources Through Natural Language Access

The BitGo MCP Server gives developers direct access to documentation, API references, and product information. Compatible AI tools can now connect to BitGo’s Developer Portal and pull relevant context automatically. This reduces the time teams spend searching for technical guidance manually.

Developers can use natural-language prompts to explore wallet functionality and review transaction flows. They can also configure webhooks, understand staking documentation, and navigate policy features. These tasks previously required manual searches through the developer portal.

As shared on X, BitGo noted that “AI is changing how developers build,” adding that the platform is now ready for AI-native workflows. The company framed the MCP Server as a step toward making BitGo fully accessible within the AI economy.

MCP is an open standard that allows AI assistants to connect to external information sources. By adopting this standard, BitGo joins a growing list of infrastructure providers building for AI-driven development environments.

Compatible Tools and Platform Availability

The BitGo MCP Server is available now and works with several MCP-compatible clients. These include Claude Code, Claude Desktop, Cursor, ChatGPT, JetBrains IDEs, VS Code, and Windsurf. Developers can find setup instructions directly on the BitGo Developer Portal.

BitGo CEO and Co-founder Mike Belshe stated that developers can now treat BitGo as agentic infrastructure. He added that the MCP Server is only the first step in making the platform accessible to the broader AI economy.

Beyond the MCP Server, BitGo’s Developer Portal also features an Ask AI tool. This tool lets users ask questions directly within documentation pages without leaving their workflow. It offers another channel for developers to find guidance faster.

The combination of the MCP Server and the Ask AI tool reflects a broader shift in how developer platforms are evolving.

Platforms are moving toward conversational and AI-assisted access rather than traditional documentation browsing. BitGo’s approach aligns with this trend across the software development industry.

(Incentives that don’t kill your protocol long-term)

The DeFi boom brought us a tidal wave of liquidity mining programs. “Stake our token, earn our token” became the mantra, and for a while, it worked—liquidity poured in. But too often, these early experiments had a fatal flaw: they offered short-term rewards at the expense of long-term protocol health. Welcome to Liquidity Mining 2.0, where incentives are smarter, sustainable, and designed to grow both capital and community without burning the house down.

The Problem with “Free Token” Models

Early liquidity mining campaigns relied heavily on emission-driven rewards. Users were attracted by high yields, often several hundred percent APY, but there were hidden costs:

1. Unsustainable inflation – New token issuance diluted existing holders, undermining token value.
2. Hot money liquidity – Users chased yield without loyalty to the protocol. Once rewards dropped, liquidity evaporated.
3. Governance and protocol risk – Tokens distributed too widely or too quickly sometimes gave control to opportunistic participants, not long-term stakeholders.

In short, free tokens often created a short-term spike, followed by a long-term crash.

Liquidity Mining 2.0: Principles of Sustainable Incentives

To avoid repeating past mistakes, DeFi projects are evolving their approach. Here are the core principles:

1. Reward Quality, Not Quantity

Instead of dumping tokens, protocols now reward actions that strengthen the ecosystem:

• Longer lock-up periods for stakers
• Providing liquidity to underrepresented pools
• Engaging in governance or community building

This ensures rewards are earned, not just grabbed.

2. Multi-Dimensional Incentives

Liquidity Mining 2.0 combines token rewards with non-monetary benefits:

• Exclusive governance privileges or voting power
• Access to premium features or lower fees
• Reputation systems that recognize long-term commitment

By diversifying incentives, protocols retain liquidity and encourage meaningful engagement.

3. Dynamic Emissions

Instead of a fixed APY, protocols now adjust rewards based on:

• Market conditions
• Pool health
• Token performance

Dynamic models prevent over-inflation while maintaining attractive yields for committed users.

4. Cross-Protocol Collaborations

Some projects now reward users for supporting multiple parts of the ecosystem. For example, providing liquidity on one protocol may earn rewards on another, creating network effects and reducing reliance on a single token for incentives.

5. Vesting and Lock-ups

Time-based vesting ensures that rewards are earned over the long term, reducing the likelihood of a massive sell-off right after farming.

Examples of Protocols Doing It Right

• PIVX – incentivizes masternodes and governance participation instead of high-speed token drops.
• Curve Finance – rewards users based on the stability of liquidity provided, favoring sustainable pools.
• OlympusDAO – uses bonding and staking mechanisms to align incentives with long-term treasury health.

These models show that thoughtful design can maintain high liquidity without tanking the protocol’s token economics.

Examples of Protocols Doing It Right

• PIVX – incentivizes masternodes and governance participation instead of high-speed token drops.
• Curve Finance – rewards users based on the stability of liquidity provided, favoring sustainable pools.
• OlympusDAO – uses bonding and staking mechanisms to align incentives with long-term treasury health.

These models show that thoughtful design can maintain high liquidity without tanking the protocol’s token economics.

Moving Forward

Liquidity Mining 2.0 isn’t just a tweak; it’s a mindset shift. Protocols must ask: Are we rewarding participation that grows the ecosystem, or are we just chasing TVL for short-term optics?

The next generation of DeFi projects will combine smart financial incentives with community-aligned strategies, creating ecosystems that are resilient, loyal, and sustainable.

Because in the long run, free tokens may attract wallets, but sustainable incentives attract believers.

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Stablecoin issuer Circle has urged the European Commission to lower the barrier for institutions to engage with crypto-asset service providers in response to parts of its proposed Market Integration Package — a broad policy initiative aimed at strengthening capital markets in Europe. 

In a statement on Monday, Circle said the Commission’s MIP proposals represent a “meaningful step toward a digitally enabled financial system” but also outlined several areas for improvement.

Those included reforming the DLT (distributed ledger technology) Pilot Regime and scaling what the Commission describes as e-money tokens (EMTs) by permitting more crypto-asset service providers to operate. Circle said it submitted its feedback to the Commission on March 20.

The main piece of crypto legislation in Europe is the Markets in Crypto-Assets Regulation, which took effect in December 2024.

However, it has been widely criticized by some crypto lawyers, including Yuriy Brisov, partner at Digital & Analogue Partners, who argued it is difficult to interpret and that its implementation varies from country to country.

Circle said the Commission’s MIP could offer Europe-based crypto market participants more legal clarity by outlining what crypto-assets can be used as collateral.

Circle recommended lowering the barrier to entry for e-money tokens to be used in settlement by changing the market capitalization threshold under the Central Securities Depositories Regulation.

“Restricting settlement to ‘significant’ EMTs risks excluding euro-denominated EMTs” and creates a “chicken-and-egg scenario that stifles their growth,” Circle said, adding that the thresholds are a “structural barrier to institutional participation and secondary market liquidity.”

Circle seeking to expand EURC in the region

In addition to Circle’s flagship USDC (USDC) stablecoin, the company also offers a euro-backed, MiCA-compliant stablecoin, EURC (EURC), in Europe.

However, Circle noted that no euro-denominated EMT is close to reaching the market cap threshold.

Circle said the Commission should adopt more “adaptive thresholds” that are based on criteria like market uptake and liquidity conditions while conducting supervisory assessments.

Related: ECB opens digital euro work on ATMs and payment terminals

The company also said the DLT Pilot Regime, as currently proposed, restricts cash accounts to credit institutions and central securities depository financial institutions and that it should be expanded to include crypto-asset service providers.

Circle concluded that the MIP “represents a pivotal moment” for the EU to modernize its financial system and that connecting traditional finance with blockchain infrastructure through “clear and proportionate regulation” would unlock new levels of efficiency and liquidity in the region.

Magazine: Clarity Act risks repeat of Europe’s mistakes, crypto lawyer warns