This Week in Crypto (July 6–13): Circle Becomes a Bank, the SEC Drafts a Crypto Rulebook, and SWIFT Quietly Goes On-Chain
If last week was about crypto catching its breath after a brutal June, this week was about the walls between crypto and the traditional financial system visibly coming down. A stablecoin issuer became a federally chartered bank. The SEC started drafting the rulebook that decides how crypto startups raise money.
