In a recent analysis by popular crypto analyst and enthusiast, Crypto Con, predictions have been made regarding the timeline for Bitcoin to reach its peak in the ongoing bull cycle. By studying historical data and trends in past BTC runs, Crypto Con has identified key indicators that suggest when the largest cryptocurrency asset by market
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The United States Securities and Exchange Commission (SEC) Chair Gary Gensler recently voiced his concerns over the Financial Innovation and Technology for the 21st Century Act (FIT21), pointing out potential regulatory gaps and risks associated with the proposed bill. Gensler’s statements have sparked a debate within the crypto community and raised questions about the future
Uniswap Labs recently issued a bold response to the SEC’s Wells notice, taking a strong stance against the agency’s attempts to regulate DeFi. In a blog post on May 20, the company expressed confidence in its position and readiness to defend itself in court if necessary. It believes that the SEC’s efforts to expand its
Reddit’s stock surged by 13.5% following the announcement of a data-sharing agreement with OpenAI, the creator of the AI chatbot ChatGPT. This partnership allows OpenAI to access Reddit’s data API in order to provide real-time content from platform posts. The goal of this collaboration is to enhance the Reddit experience with AI-powered features and create
Recently, two US lawmakers, Senators Cynthia Lummis and Ron Wyden, have raised concerns regarding the Department of Justice’s attempt to broaden the definition of a money-transmitting business. They argue that the DOJ’s interpretation could potentially criminalize non-custodial crypto asset software services. According to the lawmakers, this interpretation goes against the intent of Congress and contradicts
The proposed Financial Innovation and Technology for the 21st Century (FIT21) Act, set for a potential House floor vote by the end of May, aims to provide the crypto industry with greater clarity regarding regulatory oversight. The bill addresses key issues of market oversight and consumer protection, which have long been sources of uncertainty in
The Biden administration made it clear on May 8 that they would veto H.J. Res. 109, which aims to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). They voiced strong opposition to the resolution, citing concerns that the change would disrupt the SEC’s efforts to protect crypto market investors and ensure the stability of
Paul Grewal, the chief legal officer of Coinbase, recently took to social media to challenge US SEC Chair Gary Gensler’s statements regarding the legal status of cryptocurrencies. Grewal criticized Gensler’s assertion that many digital assets should be classified as securities, pointing out that the SEC’s own lawyers have recognized that cryptocurrencies do not meet the
Recently, the Nigerian government announced its plans to remove the national currency, the Naira, from all peer-to-peer (P2P) trading platforms. This decision was revealed by Emomotimi Agama, the Director General of the Nigerian Securities and Exchange Commission (SEC). The move is part of a broader effort to address the manipulation of the local currency in
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