The SEC's crypto task force convened its sixth roundtable on Monday, bringing regulators together with industry representatives to examine financial surveillance and user privacy. Commissioner Hester Peirce argued that crypto is prompting a reassessment of financial privacy, while participants from Zcash, the Blockchain Association and the Crypto Council for Innovation weighed in on policy implications.

The Pyth Network plans to establish a reserve composed of PYTH tokens purchased on the open market using roughly one-third of its protocol revenue routed through its DAO. The initiative aims to support the token’s market structure as PYTH has fallen over 80% in the past year, while similar buyback proposals have also surfaced in other DeFi communities such as Aave and Mango Markets.