Recent developments in the digital assets and regulatory landscape have marked a pivotal week for the cryptocurrency industry. The U.S. Securities and Exchange Commission (SEC) has declared that 'covered' stablecoins, such as Tether (USDT) and USD Coin (USDC), are not classified as securities. This ruling eliminates the requirement for registration when minting or redeeming these stablecoins. Additionally, President Donald Trump has officially invalidated the controversial 'Broker' rulemaking, which has been a point of contention in crypto policy discussions. A landmark memo from the Department of Justice (DOJ) has also emerged, outlining new enforcement strategies related to cryptocurrencies. Other notable developments include SEC Commissioner Hester Peirce's critique of stablecoin analysis, the Federal Deposit Insurance Corporation (FDIC) paving the way for banks to adopt cryptocurrency, and Ripple's acquisition of Hidden Road to enhance its stablecoin initiatives. Furthermore, BlackRock CEO Larry Fink emphasized the potential of tokenization in his annual letter, advocating for a new digital identity verification system to support this growth.