Cryptocurrency news etrscrypto
It is important to provide clarity on the types of custodians that qualify as a “qualified custodian” under the Advisers Act and Investment Company Act, as well as reasonable exceptions from the qualified custody requirements to accommodate certain common practices within crypto asset markets https://tip365.info/. Many advisers and funds have access to self-custodial solutions that incorporate more advanced technology to safeguard crypto assets as compared to some of the custodians in the market. Consequently, the custody rules may need to be updated to allow advisers and funds to engage in self-custody under certain circumstances.
In response to what crypto businesses considered outright hostility from the SEC under Biden, the industry embarked on a colossal lobbying effort in the lead-up to the 2024 election. Crypto companies and their executives funneled more than $150 million into three super political action committees—Fairshake, Protect Progress, and Defend American Jobs—set up to support pro-crypto congressional candidates. Meanwhile, high-profile crypto figures—among them Cameron and Tyler Winklevoss, cofounders of the crypto platform Gemini, and Marc Andreessen and Ben Horowitz, venture capitalists heavily invested in crypto startups—came out in support of Trump. The strategy apparently worked.
A key priority of my Chairmanship will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law. Clear rules of the road are necessary for investor protection against fraud – not the least to help them identify scams that do not comport with the law.
Additionally, the task force will engage with a broad spectrum of stakeholders—including investors, academics, and industry leaders—in an effort to foster an environment that balances investor protection, market integrity, and innovation, Peirce is quoted as saying in the announcement.
In order for the United States to be the “crypto capital of the planet” as envisioned by President Trump, the Commission must keep pace with innovation and consider whether regulatory changes are needed to accommodate on-chain securities and other crypto assets. Rules and regulations designed for off-chain securities may be incompatible with or unnecessary for on-chain assets and stifle the growth of blockchain technology.
Cryptocurrency news predictions
The German government sold 50,000 seized Bitcoins worth about $3 billion in early July. In addition, a $9 billion payout to the creditors of failed crypto exchange Mt. Gox could be an ongoing source of BTC selling pressure. In July, Mt. Gox creditors began receiving repayments of Bitcoin assets through platforms such as Kraken and Bitstamp. These assets have been frozen for roughly 10 years after Mt. Gox collapsed in 2014.
A new report from TRM Labs found crypto hackers stole $1.38 billion worth of crypto in the first half of 2024, more than double the $657 million they scored during the same period a year ago. In the report, TRM Labs said private key and seed phrase compromises, smart contract exploits and flash loan attacks have been the most common crypto hacking strategies in 2024.
The German government sold 50,000 seized Bitcoins worth about $3 billion in early July. In addition, a $9 billion payout to the creditors of failed crypto exchange Mt. Gox could be an ongoing source of BTC selling pressure. In July, Mt. Gox creditors began receiving repayments of Bitcoin assets through platforms such as Kraken and Bitstamp. These assets have been frozen for roughly 10 years after Mt. Gox collapsed in 2014.
A new report from TRM Labs found crypto hackers stole $1.38 billion worth of crypto in the first half of 2024, more than double the $657 million they scored during the same period a year ago. In the report, TRM Labs said private key and seed phrase compromises, smart contract exploits and flash loan attacks have been the most common crypto hacking strategies in 2024.
With bitcoin’s market capitalization “back above $2 trillion and gold trading north of $3,200/oz, the two now stand side-by-side—as hedges against geopolitical turmoil and, increasingly, as high-conviction stores of value for the future,” Gadi Chait, head of investment at bitcoin and crypto custody company Xapo Bank, said in emailed comments.
Now, as crypto traders brace for a perfect storm to hit the bitcoin price, JPMorgan analysts have flipped from gold to bitcoin, predicting the bitcoin price will outperform gold over the rest of 2025.
Cryptocurrency news
Another expected headline in the top crypto news this week is Jupiter Exchange’s product announcements. In a post last week, the Solana-based DEX teased a major product announcement by a Jupiter executive.
Also, this week’s top crypto news story is the Avalanche Summit in London, expected to start on Tuesday, May 20. The sentiment is that the Avalanche network might make major announcements during the summit.
The bill seeks to curb Big Tech’s control over digital money, demanding special approval before giants like Meta can issue their own stablecoins. This is noteworthy because it is the first step toward true financial decentralization backed by federal law.
Another expected headline in the top crypto news this week is Jupiter Exchange’s product announcements. In a post last week, the Solana-based DEX teased a major product announcement by a Jupiter executive.
Also, this week’s top crypto news story is the Avalanche Summit in London, expected to start on Tuesday, May 20. The sentiment is that the Avalanche network might make major announcements during the summit.
The bill seeks to curb Big Tech’s control over digital money, demanding special approval before giants like Meta can issue their own stablecoins. This is noteworthy because it is the first step toward true financial decentralization backed by federal law.