📌 TOPINDIATOURS Update crypto: Weekly Crypto Regulation Roundup: SEC Pulls Back, C

This week delivered one of the most consequential stretches for U.S. digital-asset policy in recent memory. From the SEC stepping back from past enforcement priorities to the CFTC launching new pilots and rewriting old rules, the regulatory agenda is shifting rapidly—and the political backdrop is changing just as fast.

With banks now gaining expanded permissions to transact in crypto and Congress re-opening the CBDC debate, the industry is entering 2026 with an entirely new set of power dynamics. Below are the major developments shaping the new regulatory landscape.

Trump’s National Security Strategy Sidesteps Bitcoin, but the Context Matters

The Trump administration released its 2025 National Security Strategy (NSS), a 33-page document detailing the White House’s priorities across global economic and technological fronts. Surprisingly, digital assets received no mention. Instead, the report leaned heavily into AI, quantum computing, biotech, and other frontier sectors.

For a pro-crypto administration that has already established the President’s Working Group on Digital Assets, signed the GENIUS Act for stablecoin regulation, and pulled back on several enforcement actions, the omission stands out. It indicates that while the White House is making room for digital assets in market policy, crypto has not yet broken into core national-security planning.

Still, the administration’s actions matter more than the document’s omissions. Bitcoin may not have earned a line in the NSS, but regulatory behavior suggests digital assets are becoming embedded in the economic strategy—even if not yet the security framework.

SEC Closes Ondo Probe Without Charges—A Break From the Past

In another sign of shifting enforcement posture, the SEC formally ended its multi-year investigation into Ondo Finance without filing charges. The probe focused on whether Ondo’s tokenized treasuries complied with securities law and whether the ONDO token itself constituted a security.

The no-action outcome echoes a broader pattern emerging at the regulator: several enforcement cases initiated during the Biden administration have been softened, paused, or dropped entirely. For market participants, it raises a key question: Is the era of aggressive regulatory hostility finally ending?

The decision also gives further legitimacy to the fast-growing real-world asset (RWA) sector, which is increasingly viewed as a regulated bridge between traditional finance and blockchain markets.

CFTC Expands Its Role: New Collateral Pilot and Rule Withdrawals

If the SEC is stepping back, the CFTC is accelerating.

Acting Chair Caroline Pham unveiled a major pilot program allowing Bitcoin, Ether, and USDC to be used as collateral in derivatives markets. The initiative will give regulators real-time visibility into how tokenized collateral performs under market stress, a key step toward integrating crypto into regulated clearing and settlement.

In the same week, the CFTC:

• Scrapped its outdated 2020 “actual delivery” Bitcoin guidance, which had long been criticized as incompatible with modern trading practices and the GENIUS Act;
• Granted no-action relief to four prediction markets—Polymarket US, LedgerX, PredictIt, and Gemini Titan—easing reporting burdens and reducing enforcement risks for a category of platforms that has grown faster than regulators expected.

These moves show that the CFTC is preparing to become the dominant U.S. crypto regulator, a shift that appears to be in line with Congressional momentum behind expanding the agency’s mandate.

Congress Reignites the CBDC Fight

Rep. Keith Self (R-Texas) introduced an amendment to the annual defense bill that would prohibit the development of a U.S. central bank digital currency. He accused GOP leadership of breaking promises by removing anti-CBDC language from the bill’s latest version.

The amendment highlights deepening political divides over digital cash. Conservatives argue that a CBDC threatens financial privacy, while supporters say it modernizes payment infrastructure. With the 2026 election cycle approaching, CBDCs are becoming a wedge issue, and legislative momentum remains uncertain.

Banks Move Into Crypto as Regulators Open the Door

In a landmark decision, the Office of the Comptroller of the Currency (OCC) said national banks may now engage in riskless principal crypto transactions, allowing them to buy from one customer and sell to another without holding inventory.

This effectively gives banks permission to operate as regulated intermediaries in crypto trading, narrowing the gap between banking and digital-asset markets. Combined with previous OCC guidance allowing custody and balance-sheet holdings, the banking sector is now closer to full crypto market participation than ever before.

In parallel, regulators revealed that nine major banks impose…

Konten dipersingkat otomatis.

🔗 Sumber: cryptonews.com

📌 TOPINDIATOURS Update crypto: Did Jane Street Cause Another 10 a.m. Bitcoin Dump

Claims that Wall Street trading firm Jane Street triggers a daily 10 a.m. Bitcoin “dump” resurfaced on December 12, after BTC saw a sharp intraday drop. 

Social media speculation once again pointed to institutional traders and ETF market makers. A closer look at the data, however, tells a more nuanced story.

What is the “Jane Street 10 a.m.” Narrative?

The theory suggests Bitcoin often sells off around 9:30–10:00 a.m. ET, when US equity markets open. Jane Street is frequently named because it is a major market maker and an authorized participant for US spot Bitcoin ETFs.

The allegation claims these firms push prices lower to trigger liquidations, then buy back cheaper. However, no regulator, exchange, or data source has ever confirmed such coordinated activity.

Bitcoin Futures Data Doesn’t Show Aggressive Dumping

Bitcoin traded sideways today through the US market open, holding a tight range near $92,000–$93,000. There was no sudden or abnormal sell-off exactly at 10:00 a.m. ET.

The sharp drop came later in the session, closer to mid-day US hours. BTC briefly fell below $90,000 before stabilizing, suggesting delayed pressure rather than an open-driven move.

Bitcoin futures open interest across major exchanges remained broadly stable. Total open interest was nearly flat on the day, indicating no large buildup of new short positions.

On CME, the most relevant venue for institutional trading, open interest declined modestly. That pattern typically reflects risk reduction or hedging, not aggressive directional selling.

If a major proprietary firm were driving a coordinated dump, a sharp spike or collapse in open interest would normally appear. It did not.

Liquidations Explain the Move

Liquidation data provides a clearer explanation. Over the past 24 hours, total crypto liquidations exceeded $430 million, with long positions accounting for the majority.

Bitcoin alone saw more than $68 million in liquidations, while Ethereum liquidations were even higher. This indicates a leverage flush across the market, not a Bitcoin-specific event.

When prices slip below key levels, forced liquidations can accelerate declines. This often creates sharp drops without requiring a single dominant seller.

Most notably, US spot Bitcoin ETFs recorded $77 million outflow on December 11, after two days of steady inflow. Today’s brief price shock was largely reflected in this move. 

No Single Venue Led the Sell-Off

The move was distributed across exchanges, including Binance, CME, OKX, and Bybit. There was no evidence of selling pressure concentrated on one venue or one instrument.

That matters because coordinated manipulation typically leaves a footprint. This event showed broad, cross-market participation consistent with automated risk unwinds.

Why the Jane Street Narrative Keeps Returning

Bitcoin volatility often clusters around US market hours due to ETF trading, macro data releases, and institutional portfolio adjustments. These structural factors can make price moves appear patterned.

Jane Street’s visibility in ETF market making makes it an easy target for speculation. But market making involves hedging and inventory management, not directional price attacks.

Today’s move fits a familiar pattern in crypto markets. Leverage builds, price slips, liquidations cascade, and narratives follow.

The post Did Jane Street Cause Another 10 a.m. Bitcoin Dump Today? appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com