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The SEC has shelved a scheduled crypto rulemaking meeting with no replacement date in sight, citing an unforeseen scheduling issue — and this comes just days after the Senate failed to advance the Clarity Act. The timing is raising eyebrows across the industry, leaving crypto regulation in a familiar state of limbo.
On the corporate side, stablecoin payments company RedotPay has reportedly put its plans for a one billion dollar U.S. IPO on hold, according to Bloomberg. A company spokesperson declined to comment on any IPO plans, which itself tells a story. The pause suggests even well-capitalized crypto firms are reading the regulatory weather carefully before stepping into public markets.
And in a story with serious geopolitical weight, Ukraine's military intelligence is claiming that Nvidia's Jetson Orin chip — a consumer-grade module — has been found inside Russia's S-seventy one Monochrome cruise missile. Nvidia says the device was not designed for weapons use, but the allegation points to a growing concern about how commercial AI hardware finds its way into the battlefield.
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