Crypto for Advisors: The blockchain built to run financial markets

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Crypto industry groups are challenging Illinois's planned crypto transaction tax in court. A broad coalition of opponents has joined the legal fight against the measure. They argue the tax cannot be enforced as currently written. The filings focus on whether the tax can practically be administered. The article provides limited further detail beyond these points.

The Depository Trust & Clearing Corporation, a major securities infrastructure provider, plans to add Solana to its tokenization initiatives. The company intends to bring tokenized stocks, exchange-traded funds, and U.S. Treasury securities onto the Solana blockchain. This move expands the firm's roadmap for next year, which already includes Stellar and Arc. The rollout is targeted for 2027.

Jupiter, a decentralized finance platform on Solana, has added USDGO, a stablecoin backed by Anchorage, to its lending market. The lending platform reportedly holds about $1 billion in assets. OSL offers yield on USDGO only to professional investors. Jupiter says its market allows other holders to earn yield onchain, with rates determined by borrower demand.

A commentary published by CoinDesk argues that the next Congress will need to write rules for AI and other emerging technologies. Allie Page, executive director of the American Innovation Project, contends that the most useful step industry leaders can take is to invest time in letting policymakers use these tools directly. The piece frames hands-on experience as a way to help lawmakers understand what they are regulating. It is an opinion piece rather than a reported news event, and it does not detail specific legislation or proposals.

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