Meridian Update

The new CFTC chair is official and they tokenized a de-tokenized version of a token (you read that right)

SoFi launched a stablecoin, crypto legislation gets reslated for progress in January, and blockchain markets are open.

DTCC announces its first blockchain partner, OFAC wags its finger, and Coinbase Tokenize(s).

It was a wild, earth-moving few days for onchain technologies.

Crypto had a muted reaction to the Fed’s rate cut, Ondo announced a new tokenized product, and Capitol Hill was still moving on crypto legislation

Tempo’s test network went live and PNC Bank announced Bitcoin news

The SEC closed its Ondo investigation and the CFTC opened a pilot program for crypto

A major scandal took over Crypto Twitter and the SEC set another important meeting agenda.

The SEC’s investor advisory committee meeting had a notable panel discussion on equities tokenization.

Crypto Twitter misread a BlackRock report and Ethereum did an upgrade.

The SEC chair set a timeline for an innovation exemption and an article about US military servicemembers buying crypto caught attention.

Kalshi and crypto, Vanguard and crypto, AI and crypto. Crypto Twitter had a busy day.

Your daily on-chain report.