Uniswap celebrated the news on X, calling it a “huge win for DeFi.”

This filing follows similar moves for XRP and Cardano ETFs after the SEC adopted a more crypto-friendly approach.

The Securities and Exchange Commission blocked staking when crypto exchange-traded funds were granted, but the lawmakers suggest the SEC may have been off-base.

The company says the commission will vote on a deal negotiated by staff to abandon the enforcement case at the core of the agency’s previous crypto stance.

The SEC’s Republican leaders have shifted what had been a crypto-focused enforcement squad into a smaller group with a broader responsibility.

The YLDS stablecoin, backed by prime money market funds, offers daily interest and 24/7 peer-to-peer transfers.

In what may be a big test of the crypto sector’s new influence over a markedly friendlier U.S. Congress, it’s asking for the reversal of an incoming tax policy.

The Securities and Exchanges Commission acknowledged a filing by the New York Stock Exchange and Grayscale for an XRP ETF on Thursday.

Peirce is spearheading the SEC’s newly-created Crypto Task Force.

The regulator could reach a decision at the end of a 21 day comment period.