The evolving attitude of Washington towards cryptocurrencies has been a significant topic of discussion in recent times. Bitwise CIO Matt Hougan believes that the market is underestimating the significance of these political shifts. He highlighted in a memo on June 4 that the US political landscape has changed significantly towards a more positive stance on
Regulation
The recent developments in the House Appropriation budget could potentially prevent the US Securities and Exchange Commission (SEC) from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). This budget rider aims to restrict the use of appropriated funds for the enforcement of the rule, which has stirred up significant debate within the financial industry.
In a recent blog post titled “How to get regulatory clarity for crypto,” Coinbase CEO Brian Armstrong highlighted the pressing need for regulatory certainty in the crypto industry. He emphasized the significant investment that Coinbase has made in policy efforts and reiterated the company’s commitment to navigating the evolving landscape of crypto regulations over the
US President Joe Biden made a bold move when he vetoed H.J. Res. 109, a resolution aimed at overturning the SEC’s controversial SAB 121 rule. This decision showcases a clear political divide between the parties, with Biden highlighting the resolution as a “Republican-led” effort. This veto not only indicates a clash of ideologies but also
The potential for US spot Ethereum ETFs to launch in June has been a topic of speculation in the investment community. Bloomberg ETF analyst Eric Balchunas has mentioned that there is a possibility for these ETFs to launch by the end of June. While an earlier mid-June launch seems unlikely, Balchunas believes that the latest
In a recent proposal put forth by SEC commissioner Hester Peirce on May 29, the idea of creating a shared digital securities sandbox between the US and the UK has emerged. This initiative aims to extend the existing digital securities sandbox (DSS) operated jointly by the Bank of England and the Financial Conduct Authority (FCA)
Senator Cynthia Lummis has been a driving force behind the push for pro-crypto legislation in the United States. She firmly believes that the crypto market will play a crucial role in the country’s economy, but only if the opportunity is not squandered. Lummis has been instrumental in educating her fellow lawmakers about digital assets, noting
The recent development in the US District Court for the District of Utah regarding the SEC’s case against DEBT Box has sparked controversy and raised questions about the integrity of the watchdog. The court decided to dismiss the case without prejudice, allowing the SEC to potentially file a future related case. This decision comes after
