In this weekly recap, we cover:

• Circle May Pause IPO Plans: The USDC issuer reconsiders its public listing amid market volatility and Trump-era tariff fears.
• Tether Considers U.S.-Only Stablecoin: CEO Paolo Ardoino signals a pivot as new domestic regulations take shape.
• Paul Atkins Confirmed as SEC Chair: The longtime regulator takes over with a mandate to reshape digital asset oversight.
• DOJ Drops Crypto Cases, Shuts Down Unit: A sweeping directive halts enforcement against platforms like Tornado Cash.
• Argentina Investigates Libra Collapse: Lawmakers target officials tied to a memecoin promoted by President Javier Milei.
• Galaxy Digital Prepares Nasdaq Debut: The firm moves forward with a U.S. listing as others step back from IPOs.
• Ripple Buys Prime Broker Hidden Road: A $1.25B deal aims to merge traditional finance with XRPL infrastructure.
• Trump-Backed DeFi Dumps ETH: World Liberty Financial offloads ETH at a steep loss after hyped endorsements.
• Conor McGregor’s Token KO’d: The REAL token flops, missing its presale target despite massive social promotion.