Japanese investment firm Metaplanet joins Bitcoin For Corporations, an initiative by @MicroStrategy and @BitcoinMagazine, to promote global Bitcoin adoption. This move highlights the strategic importance of Bitcoin in the corporate sector. #Bitcoin #Update
The U.S. SEC amended its complaint against Binance, Binance.US, and Changpeng Zhao, stating no need to rule on third-party crypto asset securities like Solana, Cardano, and Polygon at this time. This follows a court order that BNB and BUSD secondary sales are not securities.
Donald Trump, at the Bitcoin 2024 conference, pledged to fire SEC Chair Gary Gensler on his first day if elected. Gensler has faced criticism for his tough crypto regulations, leading to prosecutions of firms like Coinbase and Binance.
Former SEC lawyer Marc Fagel discussed how new SEC leadership might impact ongoing crypto lawsuits like Ripple. He noted that while current enforcement actions remain unaffected, future priorities could shift, easing outcomes for Ripple, Binance, and Coinbase.
Judge Analisa Torres is set to rule on the Ripple vs. SEC case by August. Both Ripple and the SEC may appeal immediately. Ripple’s wins weaken the SEC’s stance. The decision will impact future crypto regulation. $XRP trades near $0.60. #CryptoNews
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Tyler Winklevoss, co-founder of @Gemini, urges a new SEC Chair before U.S. elections, criticizing @GaryGensler’s aggressive regulation. He calls for bipartisan crypto support to keep America a global leader in digital assets. #Crypto #Update
Tyler Winklevoss, co-founder of @Gemini, urges for a new SEC chairman before US elections, criticizing the Biden admin’s crypto stance. Current chair Gary Gensler faces criticism over Ethereum’s status and market fraud views. #CryptoRegulation #Update
The @SECGov has approved @Grayscale’s Bitcoin Mini Trust ($BTC) to trade on NYSE Arca. With a commission rate of just 0.15%, ten times lower than GBTC, this new trust aims to make Bitcoin investment more accessible. Trading begins post-approval of the S-1 form in March 2024.
Swiss regulator FINMA mandates stablecoin issuers verify identities of all token holders to mitigate risks. This guidance, effective July 26, aims to enhance regulatory clarity. For more info, visit FINMA Guidance.
.@a16z co-founders Ben Horowitz and Marc Andreessen criticize the SEC and Biden administration for unclear crypto regulations, claiming it stifles growth. Over 30 lawsuits against their projects highlight the issue. Trump gains crypto support amid the regulatory divide. #CryptoNews
Anthony Scaramucci predicts VP Kamala Harris will fire SEC Chair Gary Gensler if she runs for president. Amid Biden’s crypto policy debates, Scaramucci reassures that Harris is crypto-friendly, despite not addressing the Bitcoin Conference. Prominent figures urge Harris for concrete crypto support. #CryptoNews
Hex Trust secures in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore, allowing legal crypto custody and OTC trading services. This strengthens regulatory collaboration and enhances digital asset security for institutional clients. #Crypto
.@Coinbase requests court order for SEC to disclose docs, including SEC Chair Gary Gensler’s emails since 2021. This follows SEC’s earlier denial; Coinbase stresses the need for a robust defense. Outcome may influence future crypto regulations. #CryptoNews #Update
Coinbase urges a NY court to compel the SEC to release documents on Gary Gensler’s crypto regulation talks. This could impact future transparency in crypto regulation. #CryptoNews @coinbase @SECGov #Update
