The purchase pushed the Nasdaq-listed company ahead of Coinbase Global to become the fourth-largest public corporate holder of Ether, according to CoinGecko data.
The leader of the regulator’s Crypto Task Force said privacy-enhancing technologies can strengthen investor protection and urged regulators not to treat them with suspicion.
The future of a digital asset market structure bill in Congress is still uncertain amid concerns over ethics provisions, with the president, whose crypto ties are under scrutiny, weighing in on social media.
The European Union’s Markets in Crypto Assets regulations first took effect in 2024, but gave crypto service providers time to fully comply with the framework.
The investment firm said nation-states and central banks are increasingly turning to assets like Bitcoin and gold as alternative settlement systems outside of US control.
Kalshi sued Minnesota while the CFTC filed against Rhode Island as legal wrangling with state-level authorities seems likely headed to the US Supreme Court.