Whale participation in Donald Trump's TRUMP memecoin climbed to a five-month high after a Mar-a-Lago luncheon for top holders was announced. The event is scheduled for April 25, with the top 297 holders invited and the top 29 eligible for a private reception pending background checks. TRUMP later jumped more than 50% to a $4.35 peak and was trading at $3.71 on Wednesday, up 27% over seven days.

Texas-based apparel firm Beba and the DeFi Education Fund have asked a federal court in Texas to voluntarily dismiss their 2024 pre-enforcement suit challenging the SEC's approach to token airdrops. The filing was made without prejudice, allowing the plaintiffs to revive the same claims later, and it points to the SEC Crypto Task Force's work plus remarks by Commissioner Hester Peirce, including a May suggestion that an exemption framework for airdrops is being considered.

The US Securities and Exchange Commission has ended its enforcement case against BitClout founder Nader Al-Naji, seeking dismissal with prejudice in a filing made last Thursday. The regulator said the decision followed a reassessment of the evidentiary record and referenced a crypto task force formed in January 2025. The SEC added that the outcome is specific to this matter and doesn't necessarily signal the same approach for similar cases.