View moreIn This Week’s Recap:
- LATAM Embraces Web3
- Congress Pushes Crypto Clarity
- BankSocial Corner
- DeFi Buzz Builds
- Hot Topics
The Big Idea
LATAM Embraces Web3
Last week marked a major milestone in the global digital asset movement. BankSocial CEO John Wingate spoke at the first-ever government-led Web3 event in Latin America, hosted by the Legislative Assembly of Bolivia. The event brought together leaders from 20 of the region’s largest banks alongside key financial regulators to explore the future of digital asset legislation. From La Paz to Santa Cruz, one thing was clear: LATAM is ready to lead. BankSocial was proud to represent the decentralized finance community in these critical conversations — advocating for inclusive infrastructure, real-world regulatory frameworks, and a financial future that leaves no one behind.
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Adoption News
Congress Pushes Crypto Clarity
The U.S. House Financial Services Committee just voted 32–19 to advance the Digital Asset Market Clarity (CLARITY) Act, sending it to the full House for a vote after the Agriculture Committee backed it 47–6. Sponsored by Rep. French Hill and supported by Crypto Subcommittee Chair Bryan Steil, the bill sets a clear regulatory framework for digital assets by defining SEC and CFTC roles, requiring crypto platforms and brokers to register with the CFTC, and enforcing rules on disclosures, customer fund segregation, and recordkeeping.
It also protects users’ rights to self-custody and peer-to-peer transactions, while an added amendment shields non-controlling blockchain developers from burdensome money transmitter rules. If passed, this could give crypto firms the legal clarity they’ve been demanding, open the door for more innovation in Web3, and position the U.S. as a global leader in digital finance.
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BankSocial Corner
Welcoming Donald Berk
We’re excited to announce that Donald Berk has joined BankSocial. With over 25 years of experience in financial services — including senior leadership at Northern Trust — Donald has guided the industry from the early internet to the front lines of Web3. His background spans corporate banking, wealth management, and large-scale retail solutions, making him uniquely positioned to help bridge the gap between legacy finance and next-gen blockchain infrastructure. As BankSocial continues to build the financial systems of tomorrow, we’re proud to have Donald’s expertise helping drive the mission forward.
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Crypto News
DeFi Buzz Builds
Ethereum is drawing renewed attention as open interest in ETH futures climbs 40% and spot ETH ETFs see a fourth straight week of inflows. BlackRock’s quiet $500M Ether acquisition has sparked conversation across the DeFi space, reinforcing institutional interest. Social media chatter is heating up, with many in the community anticipating a broader “alt season.” Meanwhile, Ethereum’s core development continues steadily. Recent efforts from the Ethereum Foundation have focused on scalability, data availability, and privacy, reinforcing long-term confidence in the ecosystem. For DeFi and altcoins, increased attention on Ethereum often coincides with boosted developer activity and ecosystem growth across the broader crypto space.
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Hot Topics
What’s on everyone’s mind?
Arrow Electronics has joined the Hedera Council to help govern the network and develop a decentralized, standards-based supply chain solution aimed at improving global logistics efficiency, compliance, and transparency — signaling growing enterprise adoption of blockchain for real-world infrastructure.
This week, SEC Chair Paul Atkins called for clearer staking rules, supported self-custody as a core value, and urged less regulatory interference with onchain technologies.
At an event this week, Ripple CEO Brad Garlingouse stated that people are vastly underestimating the impact of the USA’s pro-crypto policy.
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All The Love and All The Power!
was originally published in BankSocial News on Medium, where people are continuing the conversation by highlighting and responding to this story.
