US Securities and Exchange Commission chair Paul Atkins says the agency should consider a “safe harbor proposal” to give crypto companies and some tokens a regulatory carveout. Atkins said in remarks at a crypto lobby event in Washington, DC, on Tuesday that his safe harbor proposal was made up of a “startup exemption,” a “fundraising…
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In one of its first actions since signing a memorandum of understanding with the Commodity Futures Trading Commission (CFTC), the US Securities and Exchange Commission (SEC) said it would interpret how “non-security crypto assets” fall under federal securities laws. In a Tuesday notice, the SEC said its interpretation of how to address crypto assets would…
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Two Democratic lawmakers in the US Congress have introduced legislation in response to “government corruption” over bets on prediction markets platforms. In a Tuesday announcement, Texas Representative Greg Casar and Connecticut Senator Chris Murphy said they had introduced the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act after several Polymarket accounts…
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Bitcoin (BTC) is closing in on its average entry price for US spot BTC exchange-traded fund (ETF) investors at $79,900. The narrowing gap between Bitcoin’s market price and the ETF holders’ cost basis coincides with onchain data that shows early signs of accelerated buying from investors. Bitcoin ETF breakeven level nears key trend test Bitcoin’s…
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Arizona Attorney General Kris Mayes announced that her office filed gambling and related criminal charges against the companies behind prediction markets platform Kalshi. In a Tuesday notice, Mayes said that the charges alleged that Kalshi operated an “illegal gambling business in Arizona without a license” and offered election wagering, in violation of state laws. Arizona…
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Bitcoin consolidated recent gains in the face of blanket skepticism over its rebound, while gold threatened to give up $5,000 support. Bitcoin (BTC) circled $74,000 after Tuesday’s Wall Street open as skepticism increased over BTC price strength. Key points: Bitcoin stalls after a trip to $76,000, with short-term targets including a retreat to $68,000. Traders…
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The no-action position taken by the US regulator under Chair Michael Selig will allow the company to engage in certain activities without registering as a broker. The US Commodity Futures Trading Commission (CFTC) said Tuesday that its Market Participants Division issued a no-action letter in response to a request from crypto wallet provider Phantom Technologies.…
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Strategy paused its Bitcoin (BTC) accumulation via STRC preferred stock after failing to raise fresh capital since Friday, marking a notable shift after two aggressive weeks of buying. Strategy’s STRC dashboard ft. at-the-market sales. Source: STRC.LIVE Key takeaways: STRC has dipped below its $100 par value, forcing Strategy to halt its Bitcoin buying spree. Previous…
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Bitcoin infrastructure provider Maestro has launched a Bitcoin-denominated credit market backed by mining economics, aiming to give institutions a new way to earn yield on idle Bitcoin while expanding financing options for miners. Maestro said Mezzamine went live with its first program in partnership with mining-as-a-service provider Sazmining. According to a Tuesday announcement shared with…
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Author of The Bitcoin Standard, Saifedean Ammous, believes that fiat is the central problem plaguing society. “The 20th century is just an enormous amount of wealth being taken away from people who produced it and being sent to the meat grinder of war. And this is what fiat does,” he told Cointelegraph. “If you take…
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