SEC Chair Paul Atkins confirmed plans for an “innovation exemption” to support U.S. digital asset firms, with formal rulemaking expected by late 2025 or early 2026.
Summary: What happened when Kanye West launched the YZY token? Kanye West debuted the YZY token on the Solana blockchain, and it initially surged to a $3 billion market capitalization. Early insider sales caused most of those gains to vanish, and the token later fell to around $103 million. The majority of YZY tokens were