Bitfinity Weekly: Good Policy

Welcome to Issue #147 of Bitfinity Weekly for our #BITFINIANS community. If this newsletter was forwarded to you, sign up here.

What's in Today's Email?

• Bitcoin Bytes
• Global Crypto News
• In the IC
• This Week in our Blog
• Tweet of the Week
• Meme Time
• A Matter of Opinion

Bitcoin Bytes

Double Mint Fun: UniSat wallet now supports inscribing both BRC20 and Runes tokens in a single transaction. Being able to simultaneously inscribe both token types allows users to save on fees and increases efficiency. Double inscribing does have some potential drawbacks however; if UTXOs are not consolidated they can only be sold individually, and since both token types exist within the same UTXO, this could lead to potential indexer misidentification (and accidental loss).

Festival Spirit: The Aeons Art Festival came to an end on Thursday with top three winners taking home thousands of dollars worth of prizes. The creator-focused event was open to entrants of all skill levels, with the theme of the main event contest being open to personal interpretation, encouraging exploration.

BitStop: Alternative stock market darling GameStop has been advised to invest its $5B cash reserves into Bitcoin. Strive Asset Management, an advisory firm co-founded by former U.S. presidential candidate Vivek Ramaswamy, also advised the game retailer to avoid investing in other cryptocurrency. GameStop's Chairman and CEO acknowledged the advisement by posting "Letter received" on social media without further explanation, fueling outside speculation.

Global Crypto News

Off the List: Uniswap Labs, the company behind Ethereum's leading DEX Uniswap, announced that the SEC has closed its investigation against them without filing charges. This news follows similar announcements from trading platform Robinhood and NFT marketplace OpenSea (both of which had similarly received Wells notices within the last few years), perhaps signaling that the regulatory environment under the Trump administration will be pro-DeFi.

Top Down: Aya Miyaguchi, Executive Director of the Ethereum Foundation, will be transitioning into a new role as President. This announcement follows months of mounting criticism from the broader Ethereum community about the Foundation's role in the ecosystem. Ethereum co-founder Vitalik Buterin hinted at an entirely new leadership structure for the EF, though replies to his tweet indicates that some people are unhappy and skeptical of meaningful changes.

Money Moves: India continues to ramp up crypto enforcement, this week conducting one of the country's biggest financial crimes raids ever. Nationwide raids were coordinated at 60 locations across the country as part of its investigation into the $800 million GainBitcoin scam. GainBitcoin, which was launched in 2015, was a scheme that sold lucrative returns on "cloud mining contracts" via an MLM (multi-level marketing) structure.

In the IC

Tapped In: The Internet Computer has expanded its Bitcoin capabilities with full Taproot support, thanks to the protocol reaching its Deuterium milestone. Canisters can now create threshold Schnorr signatures, including those used in Bitcoin, enabling Deuterium-upgraded canisters to initiate Taproot transactions. You can read more about the technical details in this DFINITY blog post.

Further Down the Road: The 2025 ICP Roadmap update is here! More than twenty new features have been added to the Roadmap and grouped into milestones. Community feedback has been considered and there is increased focus on enhancing developer and user experience as well as on decentralized AI.

AI x ICP: The Internet Computer doesn't simply want to be the World Computer, it aims to be the home for autonomous AI agents. Read more from the DFINITY Foundation on the emergence of the DeAI (Decentralized AI) Agent Economy and what it will look like on the Internet Computer Protocol.

This Week in our Blog

What makes Bitfinity stand apart in the crowded Bitcoin L2 playing field? While several have successfully tackled the common woes of scalability and high transaction fees, only Bitfinity Layer-2 offers real EVM compatability.

Why DeFi Projects are Rushing to Build on Bitfinity’s EVM Chain

Learn why DeFi projects are flocking to build on Bitfinity. Read on to stay ahead of the next generation of DeFi!

Bitfinity BlogHans

Tweet of the Week

Meme Time

A Matter of Opinion

The recent news of the SEC (U.S. Securities and Exchange Commission) dropping its investigation into Uniswap Labs signals a significant shift in the regulatory landscape for crypto. After an 18-month probe, the SEC has finally closed its case against Uniswap Labs with no enforcement action, abandoning claims that the decentralized exchange operated as an unregistered broker and issued unregistered securities.

This development aligns with recent trends, where the SEC has similarly paused or dropped high-profile cases against major players like Coinbase and Binance under the newly elected Trump administration. The retreat from aggressive enforcement, initiated during former SEC Commissioner Gary Gensler’s tenure, suggests a potential thaw in the regulatory agency’s once-hostile stance toward crypto, offering a reprieve to an industry that has long battled regulatory uncertainty.

This shift appears driven by both internal and external pressures reshaping the SEC’s approach. Gensler’s resignation in January certainly paved the way for a more crypto-friendly regime under current Commissioner Hester Peirce. The leadership change also coincides with a strategic pivot as the SEC avoids cementing legal precedents that could define digital assets as securities—a move may be attributed to the agency’s reluctance to clash with the pro-crypto ethos of potential incoming leadership like Paul Atkins.

This suggests a pragmatic retreat, allowing the industry breathing room to innovate without the immediate threat of litigation. Looking forward, the implications for the crypto market are profound yet uncertain, as regulatory clarity remains a work in progress. Ultimately legislative action on Capitol Hill will shape the future of our industry, and there are a flurry of bills in queue poised to define new rules. While the SEC’s current pause offers temporary relief, the industry must navigate lingering risks—like the recent $1.5 billion Bybit hack—highlighting how security and stability challenges persist beyond regulatory battles.

For now, the crypto sector celebrates a hard-fought respite, but its long-term fate hinges on how these evolving dynamics crystallize into concrete policy.

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