Weekly Roundup

Rise of Retail
Amid recent market volatility, retail investors buying into “the dip” pulled back, with aggregate purchases on a three-month rolling basis falling to $73 billion from $77 billion in early April.

Crypto Spot ETF
Discussion continued on when the SEC might approve a spot crypto ETF, with a next step focus on crypto exchanges instituting comprehensive surveillance agreements with the ETF listing exchanges.

European Flash Crash
A human error by a trader reportedly caused a “flash crash” in Europe.

SEC Doubles Crypto Unit
It was reported that the SEC is nearly doubling the size of its unit focused on Enforcement’s Crypto Assets and Cyber Unit.

Source Code Theft
It was reported that T-Mobile’s proprietary source code was stolen by a cybercrime group.

Euro Crypto Regulation
It was reported that European crypto regulation is advancing, with additional focus on privacy as it relates to anonymous transactions.

Source Code
Samsung is investigating source code theft claims.

In the Mix: This Week’s Top FinTech Thought Leader

Ari Rubenstein, CEO, GTS, spoke on the future of digital assets and democratization of finance. 

Ken Griffin, CEO, Citadel, noted that inflation has him worried. 

California Governor Gavin Newsom issued an executive order on cryptocurrencies, laying out a road map for regulatory and consumer protections and evaluating ways the state can take advantage of blockchain technologies and digital assets.