Compound DAO rejects proposal to recover $13 million in tokens from Special Representative

The post Coinbase Slams ‘Patchwork’ State Crypto Laws, Calls for Federal Preemption appeared on BitcoinEthereumNews.com. In brief Coinbase has filed a letter with the DOJ urging federal preemption of state crypto laws, citing Oregon’s securities suit, New York’s ETH stance, and staking bans. Chief Legal Officer Paul Grewal called state actions “government run amok,” warning that patchwork enforcement “slows innovation and harms consumers.” A legal expert told Decrypt that states risk violating interstate commerce rules and due process, and DOJ support for preemption may mark a potential turning point. Coinbase has gone on the offensive against state regulators, petitioning the Department of Justice that a patchwork of lawsuits and licensing schemes is tearing America’s crypto market apart. “When Oregon can sue us for services that are legal under federal law, something’s broken,” Chief Legal Officer Paul Grewal tweeted on Tuesday. “This isn’t federalism—this is government run amok.” When Oregon can sue us for services that are legal under federal law, something’s broken. This isn’t federalism–this is government run amok. We just sent a letter to @TheJusticeDept urging federal action on crypto market structure to remedy this. 1/3 — paulgrewal.eth (@iampaulgrewal) September 16, 2025 Coinbase’s filing says that states are “expansively interpreting their securities laws in ways that undermine federal law” and violate the dormant Commerce Clause by projecting regulatory preferences beyond state borders. “The current patchwork of state laws isn’t just inefficient – it slows innovation and harms consumers” and demands “federal action on crypto market structure,” Grewal said.  States vs. Coinbase It pointed to Oregon’s securities lawsuit against the exchange, New York’s bid to classify Ethereum as a security, and cease-and-desist orders on staking as proof that rogue states are trying to resurrect the SEC’s discredited “regulation by enforcement” playbook. Oregon Attorney General Dan Rayfield sued Coinbase in April for promoting unregistered securities, and in July asked a federal judge to return the…

PANews reported on October 4th that Nate Geraci, president of investment advisory firm NovaDius Wealth Management, tweeted that over 30 cryptocurrency-related ETFs filed applications with the U.S. Securities and Exchange Commission yesterday. He predicted that this is just the beginning, saying, "Any cryptocurrency ETF you can think of will file with the SEC in the coming months."

The post Nomura’s Laser Digital Prepares To Enter Japan’s Crypto Market appeared on BitcoinEthereumNews.com. Financial services holding company Nomura Holdings is preparing to expand into Japan’s cryptocurrency market through its Switzerland-based subsidiary, Laser Digital Holdings. A Laser Digital spokesperson confirmed Friday that the unit is in pre-consultation talks with Japan’s Financial Services Agency (FSA) and intends to apply for a license to offer crypto trading services to institutional investors in the country.  However, the spokesperson told Cointelegraph that the application date remains “undetermined,” and will depend on the outcome of the discussions with the FSA.  If approved, Laser Digital would launch broker-dealer services for traditional financial and crypto-focused companies, including exchanges in Japan. Nomura is part of the Nomura Group, Japan’s largest investment bank and brokerage group. Japanese institutions plan to invest in crypto The move follows a broader push by institutions into the Japanese crypto market. Earlier this week, Daiwa Securities Group, one of Japan’s largest brokerages, introduced a crypto lending service that allows clients to borrow Japanese yen using Bitcoin (BTC) and Ether (ETH) as collateral.  Laser Digital and Daiwa’s push into the Japanese market seems to be a response to growing demand for crypto investments in the region.  In June, Nomura and Laser Digital unveiled the results of a survey exploring institutional appetite for crypto. The survey showed 54% of investment managers — including family offices, corporations and institutional investors — expect to invest in cryptocurrencies within the next three years. Related: Metaplanet expands Bitcoin strategy with new US, Japan units Japan regulator proposes crypto rule overhaul Alongside rising institutional interest, Japan’s regulatory stance on crypto has also shifted in a more favorable direction. Japan has looked to reform its crypto laws to align the sector’s rules with those of its traditional securities market, and also plans to lower taxes on crypto. In August, the country’s regulators quietly greenlit the country’s…