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CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities

During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market…

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SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin

The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in…

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Bloomberg Analyst Discusses Solana ETF Deadline and Election Impact

A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He…

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Fed Chair Powell Reaffirms Stance on Custody Assets Amid SEC Crypto Rule Controversy

On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121.…

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Tech Coalition Urges Biden to Lead on Cryptocurrency Regulation

In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear…

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Messari Declares Independence From SEC — Calls Chair Gensler Incompetent and Corrupt

Crypto intelligence platform Messari has declared independence from the U.S. Securities and Exchange Commission (SEC). CEO Ryan Selkis calls SEC Chair Gary Gensler incompetent and corrupt. Messari plans to challenge…

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