Today in crypto, CFTC commissioner Summer Mersinger is set to become the new CEO of the Blockchain Association, succeeding Kristin Smith. Mersinger will leave the CFTC on May 30, ahead of her scheduled term ending in 2028, creating an opportunity for President Trump to nominate a new commissioner. Meanwhile, UBS reports that high-net-worth clients in Asia are increasingly diversifying away from US dollar assets, favoring gold, cryptocurrencies, and investments in China due to geopolitical uncertainties. Tether has also injected $458.7 million in Bitcoin into Twenty One Capital, increasing its total holdings significantly. Additionally, investment firm VanEck is launching its first RWA tokenization fund, which will offer exposure to US Treasury bills and will be available across multiple blockchains. This move positions VanEck among traditional finance firms engaging in RWA tokenization, reflecting an evolving interest in digital asset classes.

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