The Blockchain Bulletin March 22: Eric Trump Joins Metaplanet’s Bitcoin Strategy
Hey, folks! Welcome to the latest edition of the Blockchain Bulletin which provides you with significant developments from the crypto space over the last 24 hours. Metaplanet has appointed Eric Trump to its newly formed Strategic Board of Advisors. This Bitcoin-focused company, which pivoted to a crypto-centric strategy in 2024, now relies on BTC as its primary treasury reserve asset.
Meanwhile, President Donald Trump emphasized that the U.S. would dominate crypto and the next generation of financial technologies. Trump highlighted the transformative potential of the crypto industry to improve U.S. banking and payment systems, suggesting that digital assets could be a major driver of economic growth. Further, he stated that stablecoins would play a key role in fortifying the U.S. economy and secure the global dominance of USD.
In an unexpected move, the U.S. Securities and Exchange Commission (SEC) stated that Bitcoin is not a security as it is sufficiently decentralized. Hosting its first crypto roundtable on Friday, the regulators addressed the classification of digital assets under securities laws. Further, the event provided a platform for discussing investor protection in crypto markets. The discussion was led by Mark Uyeda and was also open to the public.
On the regulatory front, the SEC had acknowledged the filing of a spot Polkadot ETF by asset manager 21Shares, marking a step toward bringing Polkadot into the traditional financial markets. Also, Canary Capital filed an ETF combining PENGU tokens and Pudgy Penguins NFTs. This marks the first U.S. ETF proposal to include non-fungible tokens (NFTs) in its structure.
Related: The “CZ Effect” and Its Growing Influence on Memecoin Prices
Currently, major global cryptocurrency exchanges are looking into the possibilities of returning to India, feeling that the country might ease its crypto regulatory regime. Earlier, exchanges like Bybit and Coinbase traded in the country, however, due to regulatory scrutiny, Bybit and Coinbase were removed. However, in February Bybit got registered again while Coinbase awaits approval. India initially intended to bring out a consultation paper on cryptocurrency regulations after its presidency of the G20 in 2023 but postponed the release after Trump’s pro-crypto agenda in the U.S.
To simplify the token migration process, Pump.fun has launched its native DEX, PumpSwap. This launch comes at a challenging time for Pump.fun, as the platform’s monthly revenue has dropped by 60%. However, PumpSwap’s ability to eliminate the 6 SOL fee previously required for token migration could position it as a potentially transformative player in the decentralized finance space.
To enable the launch of PumpSwap, Pump.fun partnered with TRON DAO, enabling cross-chain interoperability for users to buy and trade tokens across the networks seamlessly. As Web3 keeps growing, such partnerships will enable the platforms to feature seamless user experiences to support the ever-growing ecosystem. On the other hand, LG has announced of closing its NFT platform, LG Art Lab, on June 17, 2025. The platform, launched during the peak of the NFT boom in September 2022, allowed users to display NFTs on LG televisions.
Related: BNB Chain Rolls Out Pascal Hardfork, Plans Speed Upgrades
Despite the crypto ecosystem being vigilant to security hacks, users get duped by miscreants. The Australian Federal Police (AFP) launched an investigation into the cryptocurrency scam, wherein the scammers posed as Binance representatives. Targeting over 130 users, the hackers transferred funds via fake security alerts. Authorities stated that recovery of stolen funds is difficult due to advanced laundering attacks.
Further, in a bid to comply with everyone under the same law, the Australian government introduced a new regulatory framework for crypto trading. The framework will bring crypto exchanges, custodians, and brokers under the country’s financial services laws. Further, the crypto firms must apply for licenses and meet their capital needs. By this, Australia hopes to meet global standards and boost its digital asset sector.
