Earlier today, Daniel M. Gallagher, a former SEC commissioner and current Chief Legal Officer of Robinhood Markets, appeared for testimony before the United States House of Representatives House Financial Services subcommittee on digital assets, financial technology, and inclusion. In his testimony, Gallagher pointed out that the current commissioners of the …
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House Republicans Tom Emmer and Patrick McHenry are pressing SEC Chair Gary Gensler for clear answers on how the Securities and Exchange Commission (SEC) classifies cryptocurrency airdrops. In a letter sent on September 17, the lawmakers expressed concerns about the SEC’s recent legal actions, where airdrops were labeled as “unregistered …
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Pro-XRP lawyer John Deaton recently addressed the developments surrounding Ripple, particularly in relation to the ongoing lawsuit over the past three years. On the Good Morning Crypto Show, he stressed the importance of government transparency, explaining how figures like Senator Elizabeth Warren, despite being anti-crypto, have not raised questions about …
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Bitwise CIO likens Ethereum to Microsoft, bets on underappreciated dominance despite bearish sentiment
by Assad Jafriby Assad JafriBitwise Chief Investment Officer Matt Hougan believes that Ethereum to tech giant Microsoft in a recent memo, asserting that the blockchain giant’s foundational role in the ecosystem is being underestimated amid current bearish sentiment. In the memo titled “A Contrarian Bet on Ethereum,” Hougan argued that Ethereum continues to lead …
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Two of the leading U.S. lawmakers seeking crypto oversight legislation, Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.), are maintaining their position that a chance remains for a bill to clear Congress before the year is out. That long-odds scenario would require some delicate maneuvering to get crypto matters …
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OMFIF also found that 65% of its respondents believed that bonds were the most likely to be tokenized. Countries have been describing blockchain and tokenization as the future; experiments have been conducted by the U.K. and Bank for International Settlements. According to a survey done by the Official Monetary and …
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This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices CoinDesk 20 Index: 1,838.51 +0.82% Bitcoin (BTC): $59,071.10 +0.46% Ether (ETH): $2,310.05 +0.23% S&P 500: 5,633.09 +0.13% Gold: $2,575.42 -0.32% …
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The New Frontiers in Technology (NFT) Act, introduced by Congressman Timmons, might just be the lifeline the NFT industry needs right now. It’s backed by the Digital Chamber, which sees it as a key moment for how non-fungible tokens are treated under US law. This Act could finally bring some …
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This hearing, set for September 18, is expected to dissect the Securities and Exchange Commission’s (SEC) enforcement agenda under Chair Gary Gensler. Regulatory Confusion or Enforcement Overreach? Industry Leaders Will Weigh In According to the latest memorandum, the hearing will feature several key witnesses from both digital assets and regulatory …
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Donald Trump and his team have released information on the pending launch of World Liberty Financial, a new DeFi project built on the Aave tech stack. Following a 2-hour X (formerly Twitter) Space last night, the team confirmed the initiative aims to transform the traditional financial system by leveraging blockchain …