From piperalderman.com.au: The U.S. SEC has issued a statement clarifying that ‘covered stablecoins’ will not be classified as securities, marking a significant shift in regulatory stance and allowing the use of existing stablecoins without threat of enforcement action.

The SEC also approved options trading for spot Ether ETFs, broadening access to digital assets in traditional markets.

Meanwhile, the Hyperliquid exchange faced controversy over market manipulation involving the JELLY token, raising questions about the enforcement of decentralized trading practices.