Today in crypto, Goldman Sachs and BNY announced their plans to offer institutional investors access to tokenized money market funds, featuring 24/7 settlement and blockchain-based ownership tracking. Clients will be able to invest in these funds with ownership recorded on Goldman Sachs’ private blockchain, a move expected to enhance efficiencies across capital markets. This initiative follows the GENIUS Act, which creates a regulatory framework for stablecoins in the U.S. Meanwhile, the SEC approved Bitwise’s conversion of its crypto index fund to an ETF but immediately put the decision on hold for further review, leaving it uncertain. The fund targets cryptocurrencies like Bitcoin and Ether and has been a point of contention, resembling a previous situation where the SEC also paused an ETF conversion. In another development, the FBI concluded its investigation into Kraken co-founder Jesse Powell, returning seized devices related to allegations of hacking and cyberstalking, which Powell has denied.

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