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
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An influential trader, Bluntz Capital, recently expressed concerns about DogWifHat’s future, suggesting that the popular Solana meme coin could potentially crash to as low as $1 from its current price of $3.17. Bluntz’s analysis of the price action over the past few weeks indicates a slow and corrective movement, leading him to believe that a
The European Securities and Markets Authority (ESMA) has recently announced its decision to review the rules governing crypto asset investments by UCITS (Undertakings for Collective Investment in Transferable Securities). This review is part of a larger examination of the EU’s financial regulatory framework. The European Commission (EC) has requested this review to ensure that UCITS
The Biden administration made it clear on May 8 that they would veto H.J. Res. 109, which aims to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). They voiced strong opposition to the resolution, citing concerns that the change would disrupt the SEC’s efforts to protect crypto market investors and ensure the stability of
In recent news, Robinhood Markets, a popular retail trading platform, made headlines when it announced its plans to challenge the US Securities and Exchange Commission (SEC) in court. The company’s crypto division, Robinhood Crypto, received a Wells Notice from the SEC, indicating potential charges of securities violations. CEO Vlad Tenev expressed his frustration with the
Recently, the Nigerian government announced its plans to remove the national currency, the Naira, from all peer-to-peer (P2P) trading platforms. This decision was revealed by Emomotimi Agama, the Director General of the Nigerian Securities and Exchange Commission (SEC). The move is part of a broader effort to address the manipulation of the local currency in
Recently, Baroness Stowell of Beeston, a member of the UK’s House of Lords, expressed her concerns regarding the need for stronger regulation and oversight in the UK’s AI market competition. In a letter to the UK Secretary of State, she highlighted the government’s lackluster efforts in modernizing copyright laws to keep up with the advancements
In the volatile world of cryptocurrencies, Dogecoin ($DOGE) has managed to rise 7% in the last 24 hours, positioning itself as one of the fastest recovering digital assets following a recent market crash. Despite this recovery, the current trading price of $0.1317 reflects a 12% decrease from the previous week, marking Dogecoin as one of
The recent statement by former Binance CEO Changpeng Zhao emphasizes the importance of compliance in the cryptocurrency industry. Following his sentencing to four months in prison for violating US compliance rules, Zhao acknowledged the significance of adhering to regulatory standards. He admitted to transitioning into a passive investor role in the crypto space, underscoring the
In the volatile world of cryptocurrencies, the storage coin project Arweave (AR) recently experienced an 18.7% drop in value overnight. This significant loss comes amidst a broader crash in the market, which also saw the price of Bitcoin (BTC) plummet by 7%. At its current trading price of $27.76, Arweave is showing a 7-day loss