TradFi Infiltrates Crypto Rails, SEC Softens on Tokens | Bitcoin.com Weekly Update

This week on The Bitcoin.com Weekly Update, Graham and David unpack a flurry of major developments that point to TradFi’s accelerating embrace of crypto infrastructure. From Tether outpacing entire nations in U.S. Treasury holdings to Fidelity and BlackRock expanding on-chain exposure, real-world assets (RWAs) are the tip of the spear. The duo also dives into Kraken’s record-breaking $1.5B acquisition of NinjaTrader, suggesting a deeper convergence between legacy finance and crypto-native players.

They also analyze the SEC’s first-ever crypto roundtable, where a four-hour debate revealed growing cracks in the regulatory wall, and the implications of Ripple’s legal win and the SEC’s updated stance on Bitcoin mining. Is the U.S. finally moving toward regulatory clarity? And who will win the race to tokenize TradFi: institutions or crypto-native platforms?