By Emir Abyazov Key highlights: Crypto market tumbled: Bitcoin lost 3.5%, Ethereum 8.5%. SOL (-13%), DOGE (-16%), market cap down 6%. The Fed kept the key rate at 4.25-4.5% as expected; a cut is eyed next. White House released landmark crypto oversight recommendations. ChatGPT chats became searchable online; OpenAI disabled sharing feature. Bitcoin started last […]
Tag: CFTC
By Emir Abyazov Key highlights: The report proposes a clear classification system for cryptocurrencies as securities or commodities, with oversight split between the SEC and CFTC to reduce regulatory uncertainty. Banks would be permitted to provide crypto storage and related services, while a ban on developing a U.S. central bank digital currency is recommended to […]
By Emir Abyazov Republicans in the U.S. House of Representatives have declared “Cryptocurrency Week” from July 14 to 18. Three key bills that could dramatically change the regulation of digital assets in the country will be considered during that week. Finance Committee Chairman French Hill, Agriculture Committee Chairman Glenn Thompson, and Speaker Mike Johnson announced […]