Key developments in crypto include discussions on tokenized assets in the U.S., a proposed moratorium on crypto donations in the UK, and Ethereum's efforts against quantum threats.
Crypto industry executives testified before the U.S. House of Representatives Committee on Financial Services, advocating for existing investor protection and financial surveillance regulations to cover tokenized securities.
The hearing addressed the Capital Markets Technology Modernization Act of 2026, with Blockchain Association CEO Summer Mersinger highlighting how tokenization of real-world assets reduces transaction costs and settlement times by using blockchain for transparent record-keeping.
UK Government Reviews Crypto Donations
A UK government-commissioned review by former senior civil servant Philip Rycroft recommended a temporary moratorium on political donations in crypto assets to prevent foreign influence, citing incomplete regulations and difficulties in tracing ownership.
The review, published on Wednesday, noted that donations under 500 British pounds evade standard checks and suggested legislative action through the Representation of the People Bill to implement the ban until stronger safeguards are in place.
This follows a separate report from the Joint Committee on the National Security Strategy calling for an immediate moratorium ahead of the next general election.
Ethereum's Quantum Security Initiative
Ethereum developers launched a Post-Quantum team and resource hub to protect the blockchain from potential quantum computing threats, planning to integrate solutions at the protocol level by 2029.
The team emphasized the need for years of coordination to migrate the decentralized protocol, addressing concerns about quantum computers breaking cryptography and impacting wallet security.
Cointelegraph reported these developments as part of daily crypto trends, focusing on regulation, blockchain advancements, and emerging risks.
