SEC

In a landmark decision, the U.S. Securities and Exchange Commission has granted DTCC's subsidiary a no-action letter to operate a tokenization service for traditional financial assets. The program, set to begin in the second half of 2026, marks a major step toward mainstream adoption of blockchain technology in traditional finance.

Do Kwon, the disgraced founder of Terraform Labs, has been sentenced to 15 years in federal prison for his role in the catastrophic collapse of Terra Luna, which wiped out over $40 billion in investor funds and devastated hundreds of thousands of retail investors worldwide.