TRUMP Coin Complicates Proposed Crypto Legislation, Rep French Hill Says

Monicah W

US House Financial Services Chairman French Hill has commented on the negative impact that the TRUMP coin has on the proposed crypto legislation. This came as he described the president’s involvement in crypto as a distraction from the work that the US Congress has put into creating a regulatory framework for the industry. French Hill Describes TRUMP Coin as a Distraction From Crypto Legislation According to a Bloomberg report, the US congressman said that President Donald Trump’s involvement in crypto, through the TRUMP coin and other ventures, has complicated the work in Congress, which they have made to pass legislation that has been in the works for years. French Hill explained that the Trump family’s engagement has made the work more complicated because it has distracted those in Congress, both Republicans and Democrats, from what they need to do. He noted that they have worked for five years, especially in… Read More at Coingape.com

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Netflix is Making a Series on FTX – Who is Playing Sam Bankman-Fried? 

According to Hollywood rumors, Netflix is planning to make a movie based on the 2022 FTX collapse. Julia Garner is rumored to be finalizing negotiations to play Caroline Ellison, but Bankman-Fried’s actor is less certain.

Several outlets have claimed that Evan Peters, who starred in Netflix’s award-winning series DAHMER, is in talks to play SBF. However, this is presumably even less certain than Garner’s role. Graham Moore, an Oscar-winning screenwriter, is also in talks to write the series.

Netflix’s Take on the FTX Collapse

The FTX collapse in 2022 was one of the most dramatic events in financial history, not just crypto. So, it makes sense that Netflix is planning a movie about it. After all, several studios were fighting to get the film rights the same month that the collapse happened.

Variety recently published rumors about the casting, claiming that Julia Garner is nearly set to play Caroline Ellison.

Garner previously played digital con artist Anna Delvey and received an Emmy nomination for her performance. This relevant experience could add color to her portrayal of another convicted fraudster in Netflix’s FTX adaptation.

However, Garner’s largest role was Ozark, an acclaimed Netflix show that earned three Emmy awards. Variety further claimed that she may become an executive producer on this series, but again, nothing has been finalized.

Netflix will reportedly use a love story as a framing device for the FTX series’ plot, so the actor playing Sam Bankman-Fried will be essential.

Other industry publications have alleged that Evan Peters is in talks for this role. He has also won awards for a previous Netflix production in 2022.

Evan Peters at a 2019 Convention
Evan Peters at a 2019 Convention. Source: Wikipedia

A Netflix adaptation of the FTX story could be highly entertaining, but it’s important to stress that no contracts have been signed. The crypto industry has produced many famous events, after all.

The 2016 Bitfinex hack was allegedly getting a movie adaptation last year, but there hasn’t been an update on the project in around six months.

That is to say, “development hell” is a popular term in the film industry for a reason. Hopefully, the crypto community will soon enjoy Netflix’s dramatized take on the FTX collapse. Today, it’s still in the very early stages.

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Bybit asks DAO to return fees earned from hack transactions

ParaSwap DAO members were split, with some supporting the conditional return of the fees and others voting against the refund.

Bybit confirmed it was behind a proposal requesting that decentralized finance (DeFi) protocol ParaSwap return fees earned from swaps conducted by the Lazarus Group using digital assets stolen from the exchange.

On March 4, a proposal was posted on ParaSwap’s decentralized autonomous organization (DAO) forum asking to freeze and return 44.67 Wrapped Ether (wETH), worth almost $100,000, to a wallet address. 

The proposal initially attracted skepticism, with several DAO members calling for verification before advancing the proposal. Bybit shared a verification post on its official X account on March 5, confirming that it was behind the proposal to return the funds. 

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Crypto ETF: What To Expect from BTC, ETH, and XRP ETF in May 2025?

Crypto ETF: What To Expect from BTC, ETH, and XRP ETF in May 2025?

The crypto ETF industry is gaining high attention and momentum, beginning with the high inflows in the Bitcoin (BTC) exchange-traded fund. Although to this day, only two spot ETFs have been approved, more than 72, including XRP filings, await the U.S. Securities and Exchange Commission (SEC) approval. Let’s discuss what’s coming next.

There are 72 ETF filings for Crypto ETFs, with a decision due this year.

We are FAR from being done. pic.twitter.com/RREDBa1JS6

— THG (@CryptoTHG) April 23, 2025

 Crypto ETF Delayed After SEC’s Review

The approval of BTC and ETH ETF opened the possibility of many others’ approval. However, despite the crypto ETF filing, the SEC decision on 72 filings remains under review. April was anticipated to bring better clarity from the SEC on some of these exchange-traded funds, like Franklin Templeton’s XRP spot ETF, but that has been postponed until June.  Fidelity’s ETH ETF staking provisions also got delayed.

Crypto ETF delayed

In a recent X post, a Bloomberg analyst anticipated further delay, claiming that this could extend till October 2025 or later. Experts claim a better response could come with Paul Atlins joining the SEC office fully before anticipating potential approval in Q3-Q4 2025.

We also had the SEC delay decisions on Ethereum Staking and Dogecoin ETFs today. I am expecting more delays today or at least this week on some Solana and Hedera/HBAR ETF filings. This is expected IMO. Final deadlines for most of this stuff is in October 2025 or later. https://t.co/kOZNCSjy6c

— James Seyffart (@JSeyff) April 29, 2025

BTC, ETH ETF Inflow Returns While XRP ETF Remains Stranded

Bitcoin ETF was the first to get the SEC’s approval in early 2024, gaining a total volume of $2.54 billion. The total asset management comes at $113.62 billion, with the total market cap of $112.33 billion. Due to its popularity, it pushed the Bitcoin price to new highs.

BTC ETF

Although Ethereum ETF gained less popularity than the other, it is still in demand. Its market cap sits at $177.15 billion, with total volume of $177.15 million and total AUM of $8.69 billion, per Coinglass data. However, the crypto market crash amid the Trump trade war affected the performance of these exchange-traded funds, but they recovered recently.

ETH ETF

CoinGape earlier reported that spot Bitcoin ETFs inflow stood at $591M and $172.8M on Monday and Tuesday, respectively. At the same time, ETH witnessed $35.81k and $10.23k, but more is anticipated with investors’ bullish sentiments.

What to Expect from Crypto ETF in May 2025?

In contrast to early anticipation, there’s not much new around crypto ETF in May 2025. However, the CME futures XRP ETF launch is set to happen on May 19. This could influence other updates on the matter, especially as Paul Atkins’ participation increases.

Besides, the SEC has shifted its regulatory stance on cryptocurrencies. As a result, some better updates on altcoin ETF approval can be anticipated for the upcoming months, but uncertainty remains. In case of already launched exchange-traded funds, better inflows may begin. This is due to financial market recovery amid Fed rate cuts and other macroeconomic events.

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