NYSE Arca has filed a proposed rule change to expand the assets that can qualify under the exchange's updated standards for Commodity-Based Trusts, explicitly naming XRP. The filing, submitted yesterday, would amend Rule 8.201E, which sets generic listing standards for these products. Under the proposal, NYSE Arca cites XRP, Bitcoin, Solana, and Ethereum as examples of assets that could be eligible for commodity-based crypto trusts. A key requirement is that at least 85% of a trust's net asset value (NAV) must be invested in approved assets that already satisfy existing surveillance and listing criteria. Up to 15% of holdings could fall outside the approved category without disqualifying the product. The U.S. Securities and Exchange Commission has opened the filing for public comment before deciding whether to approve the change. NYSE Arca said the update is intended to give issuers more flexibility while preserving investor protections tied to surveillance-sharing arrangements and regulated market oversight. While XRP is referenced as a qualifying example, the filing does not formally label it a commodity. The mention is notable amid ongoing U.S. regulatory debate: a New York court ruled in 2023 that XRP is not a security in certain contexts, and market participants continue to argue over whether it should be treated as a commodity. The debate has persisted even as the SEC and CFTC have pointed to taxonomies that describe the token as a digital commodity alongside Bitcoin and Ethereum. Industry stakeholders say only clear, congressionally backed legislation such as the Clarity Act would fully address remaining uncertainty and reduce the risk of future policy reversals. Disclaimer: This content is informational and not financial advice. The views expressed may reflect the author's opinions and do not represent The Crypto Basic's position. Readers should conduct their own research before making investment decisions. The Crypto Basic is not responsible for financial losses.

Polymarket has applied for approval from the U.S. Commodity Futures Trading Commission (CFTC) to bring its main exchange back to the U.S., Bloomberg reported.

Polymarket is pursuing approval from the U.S. Commodity Futures Trading Commission (CFTC) to bring its main exchange platform to the U.S., Bloomberg reported.

Market snapshot (April 28, 2026): Crypto markets are showing signs of accumulation in North America, coordinated recovery efforts in DeFi after a major exploit, and a tightening regulatory backdrop across the U.S. and Canada. BitMine keeps buying ETH even as paper losses widen BitMine Immersion Technologies continued to build its Ethereum position despite growing unrealized losses tied to volatility. The firm bought 101,901 ETH last week, lifting total holdings to about 5.08 million ETH. A week earlier it purchased 101,627 ETH, its largest weekly increase since December 2025. The balance sheet reflects the drawdown: BitMine's combined crypto and cash reserves are roughly $13.3 billion versus total investments of about $17.6 billion, implying unrealized losses above $6.5 billion. The Tom Lee-backed company has also staked nearly 3.7 million ETH, generating recurring yield from network validation to help cushion downturns and support cash flow. DeFi United lines up 30,000 ETH after rsETH bridge breach DeFi participants are moving to shore up rsETH following a major security incident. On April 18, a bridge operated by Kelp DAO was breached, leading to losses of around 116,500 rsETH valued at roughly $290 million. In response, Consensys and Ethereum cofounder Joe Lubin joined to form DeFi United, which has committed up to 30,000 ETH to support recovery and restore confidence. The plan, announced April 23, brings together participants linked to the Aave DAO, alongside contributors including Lido, Ethena, EtherFi, Frax, and Mantle. The effort aims to stabilize liquidity and rebuild rsETH backing, with governance votes across multiple protocols still in progress. Sharplink, a custody firm focused on Ethereum listings, is advising on recovery design and coordination. Tennessee signs law banning crypto ATMs and kiosks Tennessee Governor Bill Lee signed House Bill 2505, banning cryptocurrency ATMs and kiosks starting July 1, 2026. Installing these machines will be treated as a Class A misdemeanor, punishable by up to 11 months and 29 days in jail and fines up to $2,500. The move affects more than 570 self-service terminals in the state, including units run by CoinFlip and Bitcoin Depot. Lawmakers cited fraud prevention, with House Speaker Cameron Sexton saying the machines are increasingly used to target vulnerable groups, particularly older residents. Similar steps have surfaced elsewhere, including local bans in Massachusetts and proposed statewide limits in Minnesota. Canada advances bill to bar crypto political donations Canada is also tightening rules at the intersection of crypto and politics. Bill C25, introduced March 26, 2026, has passed second reading in the House of Commons, signaling early support. The proposal would ban political parties and candidates from accepting cryptocurrency donations, citing traceability concerns and enforcement challenges in campaign finance. Lawmakers framed the measure as part of broader efforts to strengthen election integrity, improve transparency, and reduce foreign-influence risk. The bill now heads to committee review for detailed scrutiny and potential amendments; no timetable has been set for that stage.

BlockBeats reports that a two-day Federal Reserve policy meeting will wrap up early Thursday Beijing time, according to Wall Street Journal's Nick Timiraos, often dubbed the Fed's "voice." The gathering is described as the last meeting chaired by Jerome Powell before he steps down. Investors largely expect the Fed to keep interest rates unchanged. The main focus is whether policymakers indicate that rate cuts are no longer on the table or simply postponed. An energy shock tied to the Iran conflict, alongside multiple supply disruptions, has revived stagflation concerns. The Fed is expected to hold its benchmark rate in a 3.5% to 3.75% range, while internal debate intensifies over how to adjust the policy statement and the trajectory for potential easing. Timiraos wrote that the U.S. is facing its fourth supply shock in five years, following the post-pandemic reopening, the Russia-Ukraine war, the "tariff war," and the current Middle East conflict. Fed Governor Christopher Waller, who previously supported three rate cuts last year amid labor-market concerns, has shifted toward a more cautious stance as inflation risks rise. Although fighting involving Iran has ended, the Strait of Hormuz remains effectively blocked, pushing jet fuel prices higher. Fed officials now expect inflation to take at least another year to return to the 2% target. A central issue for the committee is whether to revise the official statement in a way that suggests rate cuts are no longer being considered. Since late last year, the statement has included language implying the next move is more likely a cut than a hike. At the past two meetings, a minority of officials pushed to remove that phrasing to signal more balanced odds between cuts and hikes. Timiraos noted the prevailing view is that changing the language now would be too forceful, as a formal shift could tighten financial conditions—a hawkish move most officials are not yet ready to make. The committee is expected to revisit the wording debate again this week. (Kitco)

The U.S. Commodity Futures Trading Commission (CFTC) is deploying artificial intelligence to automate reviews of cryptocurrency registration applications and to monitor global trading activity. Chairman Michael Selig said the agency is using Microsoft Copilot alongside proprietary in-house tools to maintain coverage after a 20% reduction in federal staffing. The AI systems will help analyze trading data and assess registration filings, pointing to tighter oversight of digital asset markets.

The Commodity Futures Trading Commission (@CFTC) is rolling out artificial intelligence to speed up cryptocurrency registration reviews and strengthen monitoring of global trading activity. Chairman Mike Selig (@MichaelSelig) said the agency is using Microsoft Copilot along with proprietary in-house tools to help absorb a 20% cut in federal staffing levels. The initiative follows newly issued joint taxonomy guidance with the SEC, aimed at providing clearer, definitive classifications for digital assets.

CertiK, a Web3 security firm, has published its "State of Digital Asset Regulation 2026" report, mapping out global regulatory developments. The report says that by April 2026, major jurisdictions including the U.S., the European Union, Hong Kong and Singapore will have largely rolled out their core frameworks, signaling the sector's shift into broad-based compliance. CertiK identifies anti-money laundering (AML) enforcement as the top regulatory risk, overtaking debates around whether tokens qualify as securities. It estimates global AML-related penalties topped $900 million in the first half of 2025, elevating transaction monitoring to a central compliance requirement. The report also notes that smart-contract security audits are moving beyond best practice toward becoming a prerequisite for licensing and token listings. On stablecoins, CertiK sees regulatory approaches increasingly aligning around principles such as full reserve backing and licensed issuance, while differences between jurisdictions continue to complicate compliance. As rules converge and enforcement tightens, CertiK concludes the industry has entered an "era of strict compliance." The key challenge for firms is no longer whether to comply, but how quickly they can build and operationalize compliance capabilities. Multi-jurisdiction licensing, AML investment and ongoing security audits are becoming baseline requirements for institutional-scale growth. (Source: Foresight News)

State Street plans to begin offering tokenized fund servicing from its Luxembourg operations by the end of the year.