The Solana Foundation has introduced a new governance framework, Solana Governance Proposals (SGPs), allowing validators to submit and vote on core protocol decisions on-chain. This aims to decentralize decision-making and reduce reliance on centralized coordination.
A bill in Congress, H.R. 9175, aims to defer taxes on crypto mining and staking rewards until sale, addressing a cash-flow issue that pushes businesses offshore. While it offers tax relief, it doesn't solve infrastructure challenges for Bitcoin miners.
Paradigm and the Hyperliquid Policy Center warned U.S. regulators that proposed stablecoin anti-money laundering rules could push regulated dollar tokens away from permissionless DeFi by making issuers responsible for secondary market activity.
Gravity Bridge, a decentralized blockchain facilitating cross-chain transfers, was drained of approximately $5.4 million in an exploit. Validators have halted the bridge as investigations are underway. This incident highlights ongoing security concerns in the DeFi space.
