Web3 Navigates Regulatory Hurdles and Market Shifts in June

The Web3 industry is experiencing significant developments across regulatory landscapes, markets, and technology in June. The U.S. Securities and Exchange Commission (SEC) continues to scrutinize Grayscale’s spot Ethereum ETF application, as their review of the staking feature remains ongoing. Meanwhile, the U.S. House of Representatives has scheduled hearings on stablecoins and DeFi, signaling a renewed focus on regulatory actions in the American market. These developments add further intrigue to an already dynamic space.