CFTC looks to cement non-custodial software developer protections following Phantom no-action letter
CFTC moves to formalize protections for non-custodial software developers following its Phantom wallet no-action letter. The agency seeks regulatory clarity by codifying whether developers building decentralized platforms must register as brokers. This development matters for Indian crypto builders relying on international frameworks, potentially reducing compliance uncertainty for DeFi applications globally and supporting innovation in blockchain development infrastructure.
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Trust in crypto remains biggest barrier to adoption, say Consensus Miami 2026 panelists
Trust remains the primary barrier to crypto adoption, panelists at Consensus Miami 2026 agreed. Speakers from Circle, U.S. Bank, and ChangeNOW cited complexity, poor user experience, and misinformation as key obstacles. They emphasized that trust builds through transparent design, accessible interfaces, human customer support, and education rather than technical claims alone, essential for mainstream adoption.
Forward Industries, RockawayX back OnRe to build onchain reinsurance on Solana
Forward Industries and RockawayX co-led a $5 million Series A funding round for OnRe, a Solana-based onchain reinsurance platform. Forward committed up to $25 million to OnRe's yield token, positioning itself as Solana's largest corporate holder with 7.01 million SOL. The initiative aims to tokenize the $600 billion+ global reinsurance market, streamlining traditionally manual underwriting and claims processes through blockchain infrastructure.
Ripple CEO says market structure bill not a ‘done deal,’ despite stablecoin compromise
Brad Garlinghouse addressed attendees at a Tuesday crypto conference on the progress of the CLARITY Act after US lawmakers announced a compromise on stablecoin yield that could advance the legislation....