In recent crypto news, Wintermute has called on the SEC to clarify that network tokens, such as Bitcoin and Ether, should not be classified as securities. Wintermute, a trading firm, emphasized that these tokens are essential for blockchain functionality and highlighted that regulatory certainty is key for fostering innovation in the crypto space. Coinbase CEO Brian Armstrong expressed his aim to have AI-generated code account for 50% of the platform’s code by next month, up from over 40% currently. He noted this increase has doubled since April and emphasized the need for responsible AI use. Meanwhile, the CFTC has granted Polymarket relief regarding event contract reporting rules, which permits them to proceed without certain regulatory hurdles, claiming the decision allows them to launch operations in the USA. This regulatory development is seen as a significant support for the platform as it works to expand its services.

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