Crypto lender BlockFills has filed for Chapter 11 bankruptcy protection in the United States. The filing marks a significant development in the crypto lending sector, which has faced increased scrutiny and challenges amid market volatility. BlockFills' decision to seek bankruptcy protection highlights the ongoing financial pressures within the industry. In other news, SEC Commissioner Hester Peirce has encouraged firms exploring tokenization and new ETF structures to engage directly with regulators. Meanwhile, the SEC has proposed limiting broker-dealer Rule 15c2-11 to equity securities, effectively excluding cryptocurrencies from its scope. These regulatory moves come as the crypto industry continues to navigate complex legal landscapes.