US Crypto Regulation Shifts as Companies Return Home
- SEC Chair Paul Atkins calls for companies to ‘reshore’ to the US, aiming to position it as a global hub for digital assets.
- 99% of CFOs at billion-dollar firms expect long-term use of cryptocurrency, with 23% planning to adopt it within two years, according to Deloitte.
- The UK’s FCA has lifted its ban on retail access to cryptocurrency exchange-traded notes (cETNs), effective October 8.
- An employee from CoinDCX was arrested in India related to a $44 million hack of the exchange.
- Bitcoin (BTC) is priced at $113,936 and Ethereum (ETH) at $3,527, with a total market cap of $3.71 trillion.
With regulatory changes signaling a friendlier environment for crypto businesses in the US, companies are beginning to relocate back home while CFOs express increasing interest in adopting cryptocurrency for their operations.
The recent developments highlight a significant shift in the crypto landscape, as indicated by Deloitte’s survey showing that nearly a quarter of CFOs plan to integrate crypto into their treasury functions within two years. (Source)
