The Breakdown

Friday Five: Tether’s $500B Play, SEC Opens the Door, and Vanguard Bows to Crypto

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In this week’s Friday Five, we dive into Tether’s jaw-dropping $500B valuation bid, the SEC’s surprise innovation exemption, bipartisan momentum on a market structure bill, Ethereum’s latest Wall Street narrative, and breaking news that even Vanguard is finally letting customers buy crypto ETFs. Plus, what Bitcoin’s bloody September tells us about the cycle ahead.

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