Crypto enthusiasts and industry players at New York City's first-ever crypto summit are pushing Mayor Eric Adams to scrap the BitLicense—a strict regulatory framework that many argue stifles innovation and drives crypto businesses out of the state. Advocates claim the rules are outdated and harmful to New York's competitiveness in the fast-growing digital asset space.

What This Mean: New York's BitLicense has long been a lightning rod for debate—critics say it’s overly burdensome, while supporters argue it protects consumers. If the pressure campaign gains traction, it could signal a major shift in how the city (and state) approaches crypto, potentially making NYC more attractive to blockchain businesses—or raising concerns about looser oversight in a risky industry. Either way, it’s a big deal for the future of crypto in America’s financial capital.

The SEC is hitting pause on approving (or rejecting) ETFs tied to XRP and Dogecoin, two of crypto’s more volatile assets. They’re taking extra time to scrutinize whether these funds meet anti-fraud and investor safety rules—basically, doing their homework before giving a thumbs-up or down.

What This Mean: ETF approvals are a big deal—they’d let everyday investors bet on these meme-friendly coins without actually holding them. But the SEC’s delay isn’t a rejection; it’s more like regulators saying, "We need to double-check this isn’t a disaster waiting to happen." For crypto fans, it’s another waiting game, but one that could shape how mainstream these assets become.