Today in crypto, the SEC said it will consider most crypto assets not securities under federal law, Mastercard has agreed to buy stablecoin payments company BVNK for up to $1.8 billion, and US spot Bitcoin ETFs hit six consecutive days of inflows

SEC to consider most crypto assets not securities under federal law

In one of its first actions since signing a memorandum of understanding with the Commodity Futures Trading Commission (CFTC), the US Securities and Exchange Commission (SEC) said it would interpret how “non-security crypto assets” fall under federal securities laws.

In a Tuesday notice, the SEC said its interpretation of how to address crypto assets would serve as an “important bridge” as lawmakers in the US Congress consider market structure legislation which will codify how financial regulators oversee digital assets. 

“This is what regulatory agencies are supposed to do: draw clear lines in clear terms,” said SEC Chair Paul Atkins. “It also acknowledges what the former administration refused to recognize -– that most crypto assets are not themselves securities. And it reflects the reality that investment contracts can come to an end.”

Mastercard agrees to acquire BVNK in $1.8 billion stablecoin deal

Mastercard has agreed to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion, further expanding into blockchain-based payments.

The deal includes up to $300 million in contingent payments and is intended to strengthen Mastercard’s ability to connect fiat payment rails with onchain transactions, the company said on Tuesday.

“We expect that most financial institutions and fintechs will in time provide digital currency services, be it with stablecoins or tokenized deposits,” Jorn Lambert, chief product officer at Mastercard, said.

BVNK, founded in 2021, provides infrastructure that allows businesses to send and receive payments across major blockchain networks in more than 130 countries. Its platform is designed to bridge fiat currencies and stablecoins, enabling use cases such as cross-border payments, payouts and business transactions.

In November 2025, Coinbase and BVNK announced they had mutually walked away from a proposed $2 billion acquisition that had reached the due diligence stage. No reason was disclosed for the cancellation of the deal.

US Bitcoin ETFs post 6-day inflow streak as crypto rallies

US-based spot Bitcoin exchange-traded funds recorded their sixth day of inflows on Monday as Bitcoin rose over 12% over the period, marking the longest streak of fresh capital into the ETFs since October last year. 

Data from Farside Investors shows Bitcoin ETFs raked in $199.4 million of net inflows on Monday. BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund led with $139.4 million and $64.5 million in inflows, respectively.

The Bitwise Bitcoin ETF and Franklin Bitcoin ETF tallied inflows of $2.8 million and $2.1 million, while the VanEck Bitcoin ETF and ARK 21Shares Bitcoin ETF saw outflows of $6.3 million and $3.1 million, respectively.

This brings the total net inflows since March 9 to $962.8 million, coinciding with Bitcoin 

BTC$74,543rising 12.5% from $65,960 to $74,250 over the period. 

The inflow streak follows a much larger nine-day run between September and October 2025, which saw Bitcoin products tally nearly $6 billion worth of inflows.

Bitcoin was significantly higher at the time, hitting an all-time high of $126,080 during that stretch. 

The recent rise in Bitcoin ETF inflows and the cryptocurrency’s spot price comes amid ongoing uncertainty between the US and Iran and volatility in the oil markets.

US, UK, Canada launch joint operation to disrupt crypto fraud

The US Secret Service, UK National Crime Agency, and Canadian authorities are collaborating to disrupt fraudulent schemes related to crypto, raise awareness of scams, and recover stolen funds.

In a Monday notice, law enforcement agencies from the three countries — including Canada’s Ontario Provincial Police and the Ontario Securities Commission — said that they had launched “Operation Atlantic,” focusing on identifying people at risk of losing or those who had already lost crypto through “approval phishing” schemes.

“Approval phishing and investment scams cost victims millions in financial loss each year,” said Brent Daniels, deputy assistant director for the US Secret Service’s Office of Field Operations. The agencies said they hope to identify and disrupt these scams in near real-time.