US making moves šŸ‡ŗšŸ‡ø

From the CFTC welcoming foreign crypto firms to the Commerce Dept. putting GDP data on-chain, the vibe sure has shifted under President Trump.

šŸ“ What you need to know

The U.S. government made a pair of major crypto moves on Thursday, once more showing how much the tide has turned under President Donald Trump.

The CFTC issued updated guidance on Thursday that creates a pathway for foreign crypto exchanges to serve U.S. citizens. Crypto firms driven out of the country by the old ā€œregulation by enforcementā€ scheme under President Biden can register via the commodities regulator’s foreign board of trade (FBOT) framework, Acting CFTC Chair Caroline Pham said.

That news came after the Department of Commerce announced this morning that it put Q2 GDP data on nine blockchains, including Bitcoin, Ethereum, and Solana. Perhaps more notably, it’s working with Chainlink and Pyth to provide data feeds that can be tapped across the DeFi ecosystem.

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ā€œIf the government can prosecute developers for creating neutral tools that others misuse, it fundamentally changes developers’ risk calculus.ā€

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