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Utah Republican senator Mike Lee outlined three major regulatory risks to the cryptocurrency industry at the recent Permissionless III crypto conference. They are the creation of a central bank digital currency (CBDC), fragmented state regulations, and heavy federal oversight. He warned these could threaten the digital assets sector, saying, “Cryptocurrency is not a security. Cryptocurrency … Read more
Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it’s hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets may vary, he firmly maintained that BTC is a commodity. Howard … Read more
Gold gains more than 5% in a fortnight, reaching a record high driven by rate cuts and geopolitical tension. Go to Source
According to VanEck’s head of digital assets research, VanEck is the first company in the United States to file for a Solana ETF. Go to Source
The digital assets platform soft-launched its controversial Ethereum custody service on May 17 and is targeting a full launch next month. Go to Source
The Financial Innovation and Technology for the 21st Century Act passed out of committee in July 2023 but could be headed for a full floor vote in the U.S. House of Representatives. Go to Source
United States District Court Judge Katherine Polk Failla is also the judge overseeing the SEC’s lawsuit against crypto exchange Coinbase. Go to Source
A U.S. regulator called Bitcoin, Ether, and Litecoin commodities in its court filing against Binance. It did not mention XRP anywhere. Go to Source Powered by WPeMatico
During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan on foreign exchange markets. Roughly around the same … Read more
The community is hopeful that the assertion by the CFTC will put to bed claims that staked coins are securities according to the Howey Test. Go to Source Powered by WPeMatico
