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World Liberty said its WLFI unlock proposal will go through community input before a formal vote, outlining a phased vesting plan rather than a full token release.
Aethir said it halted a bridge exploit on its Ethereum-linked contracts, limiting losses to under $90,000 after PeckShield estimated $400,000 in damages.
Covenant AI said it was leaving Bittensor due to its overreaching control on subnets and their large-scale TAO token sales, but Bittensor’s founder denied all allegations.
Key Takeaways
- In a statement, Woodcock said he planned to “execute the Chairman’s vision” in the role.
- Chairman Paul Atkins, who welcomed the appointment, said the division has undergone a “significant course correction” aimed at restoring congressional intent
- Woodcock takes over on May 4, with Sam Waldon continuing as acting director until then
In a major development, the Securities and Exchange Commission (SEC) has tapped David Woodcock to lead its division of enforcement, a month after its predecessor resigned.
Woodcock takes over on May 4, with Sam Waldon continuing as acting director until then. In a statement, Woodcock said he planned to “execute the Chairman’s vision” in the role.
Chairman Paul Atkins, who welcomed the appointment, said the division has undergone a “significant course correction” aimed at restoring congressional intent by prioritizing cases that provide meaningful investor protection and strengthen market integrity. “I am incredibly pleased to have David rejoin the SEC at this critical time, as we continue to focus on the types of misconduct that inflict the greatest harm to investors,” Atkins said, also crediting Waldon for his leadership during the transition.
During his prior SEC tenure, he served as a member of the Enforcement Advisory Committee, and created and served as chair of the SEC’s cross-office and cross-division Financial Reporting and Audit Task Force.
His predecessor Margaret Ryan resigned in March, and her exit has not gone unexamined. Several lawmakers have pressed for answers on whether she left due to the agency’s decision to drop crypto-related enforcement cases.
Senator Richard Blumenthal in a March 30 letter to Atkins stated: the agency “may have exercised preferential treatment for financial partners of President Trump against the advice and warnings of senior staff when the agency declined to litigate credible fraud cases.”
Separately, the SEC on Tuesday also released its enforcement results for the 2025 fiscal year, reporting seven crypto-related enforcement cases tied to registration issues and six related to the definition of a broker-dealer.
Rwanda’s National Bank moved swiftly to remind the public that cryptocurrency transactions involving the Rwandan franc remain illegal, days after crypto exchange Bybit quietly added franc support to its peer-to-peer trading platform.
The matter came to light after Bybit announced on Friday that the Rwandan franc could be used to buy and sell crypto through its P2P service. The central bank responded publicly on X two days later, making its position unambiguous. “Crypto-assets are NOT authorized for payments, FRW conversion, or P2P trading involving FRW under the current framework,” the NBR posted, urging citizens to avoid crypto due to “serious financial risks and no recourse in case of loss.”
In a separate post, the bank reinforced that the franc “remains the only legal tender in Rwanda” and that “NBR-licensed financial institutions are prohibited from converting FRW into crypto-assets or vice versa.” Cointelegraph reached out to Bybit for comment but did not receive an immediate response.
Rwanda’s restrictions on private crypto use date back to 2018, making it one of the longer-standing holdouts against digital asset adoption on the continent. The policy covers payments, trading and conversions involving crypto within the country. According to blockchain analytics firm Chainalysis data, Rwanda ranked low in crypto adoption during 2024 and 2025, receiving only a fraction of the crypto value seen in higher-adopting African nations like Nigeria and South Africa.
Despite its restrictive stance on private crypto activity, Rwanda has not closed the door entirely on digital asset regulation.
The Rwanda Capital Market Authority introduced draft rules for virtual asset service providers in March 2026, with the proposal aimed at balancing innovation against regulatory control. The central bank is also developing its own digital currency. Last month, the NBR achieved a significant milestone in its Central Bank Digital Currency journey by concluding its five-month Proof of Concept for a potential CBDC.